The past is malleable and flexible, changing as our recollection interprets and re-explains what has happened.

So I think one can say on empirical grounds - not because of some philosophical principle - that you can't have democracy unless you have a market economy.

Capitalism has been one of the most dynamic forces in human history, transforming one society after another, and today it has become established as an international system determining the economic fate of most of mankind.

If the cultural elite has its way, the U.S. will be much more like Europe

Institutions provide procedures through which human conduct is patterned, compelled to go, in grooves deemed desirable by society. And this trick is performed by making these grooves appear to the individual as the only possible ones.

There is an intrinsic linkage between socialism and economic inefficiency.

Even in a society as tightly controlled as Singapore's, the market creates certain forces which perhaps in the long run may lead to democracy