Those who condemn the immorality of liberal capitalism do so in comparison with a society of saints that has never existedโand never will
Martin WolfThe essence of the contemporary monetary system is creation of money, out of nothing, by private banksโ often foolish lending.
Martin WolfThe notion of the competitiveness of countries, on the model of the competitiveness of companies, is nonsense.
Martin WolfCultural diversity and cultural change are desirable and inevitable. We are cultural animals, someone without a culture is not human. But the cultures we possess vary enormously. Indeed, the variability, over time and space is the great evolutionary advantage of humanity. Instead of changing biologically over millennia, human beings can change culturally over decades
Martin Wolf