The competitive instinct is what I think drives organizations and people to become better and better. It can promote change toward progress and development, which is good for everybody. It can be the motivating force behind improvement in our social well-being that is far beyond anything we might have imagined on our own.

The freedoms that people have that flow from all civic institutions fundamentally come from the success of a market system.

It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined.

There is no system that is inherently moral if the participants themselves are not.

He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency.

In some of the countries where we operate, there is a tradition of corruption, in which the political elites work with business in the framework of unsavory relationships.

We should seek a system that provides outlets for those skills and talents so that everyone can find a way to work and serve in a manner that best suits the strengths of each individual.