In manufacturing, where mechanization and the use of chemical processes are much easier, it is easier to raise productivity than in services. In contrast, by their very nature, many service activities are inherently impervious to productivity increase without diluting the quality of the product.

Democracy is acceptable to neo-liberals only in so far as it does not contradict the free market.

To paraphrase Winston Churchill, capitalism is the worst economic system except for all the other forms.

There is no such thing as a free market.

The top 10 per cent of the US population appropriated 91 per cent of income growth between 1989 and 2006, while the top 1 per cent took 59 per cent.

Democracy and markets are both fundamental building blocks for a decent society. But they clash at a fundamental level. We need to balance them.

The Korean economic miracle was the result of a clever and pragmatic mixture of market incentives and state direction.