Without competition, the spectacular development of technology that we have seen in the last one hundred years in this country would not have happened.

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

There is hardly an activity that a person can think about that does not intrinsically involve energy, most of which is currently provided by fossil fuels.

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

I find it interesting that many of the people who want to restrict fossil fuels live in well-developed countries where abundant and affordable energy is readily available.

In every aspect of life, including the economic dimension, we are always challenged to do the right thing. In many cases in the market system, which allows a great deal of latitude for human choice, people can get carried away to excess.

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.