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.

Let me say again that the relationship is asymmetrical: there's no democracy without a market economy, but you can have a market economy without democracy.

If you are good for nothing else, you can still serve as a bad example.

There is an intrinsic linkage between socialism and economic inefficiency.

Even if one is interested only in one's own society, which is one's prerogative, one can understand that society much better by comparing it with others.

The basic fault lines today are not between people with different beliefs but between people who hold these beliefs with an element of uncertainty and people who hold these beliefs with a pretense of certitude

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