Now it happens to have been the Social Democrats who have regimented the important institutions in society, but it would have been dangerous whichever party it had been. Development and diversity depend on independent initiatives and competition. When everyone thinks alike not much gets thought.
Basically, what I believe in is neither capitalism nor globalization... I believe in man's capacity for achieving great things and in the combined force resulting from encounters and exchanges. I plead for greater liberty and a more open world... because it provides a setting which liberates individuals and their creativity as no other system can. It spurs the dynamism which has led to human, economic, scientific, and technical advances, and which will continue to do so. Believing in capitalism does not mean believing in growth, the economy, or efficiency. Desirable as these may be, these are only the results. Belief in capitalism is, fundamentally, belief in mankind.
My aim is freedom and voluntary relations in all fields. The market economy is the result of this in the economic realm; in the cultural realm it means freedom of expression; in politics, democracy and the rule of law; in social life, the right to live according to one's own values and to choose one's company.
Since 1965 [....] the richest fifth of the world's population increased its average income by 75 percent. For the poorest fifth of the world's population, the increase has been faster still, with average incomes more than doubling during the same period.
In the affluent world we have had capitalism in one form or another for a couple of centuries. That is how countries of the West became "the affluent world." Capitalism has given people both the liberty and the incentive to create, produce, and trade, thereby generating preosperity.
As a result of this continuous improvement of productivity through the division of labor and technical advancement, one hour's labor today is worth about 25 times more than it was in the mid-19th century [....] Growth and productivity alone are capable of raising real wages in the long run.
Is the problem here lack of access to clean water? No. Is it starvation? No. Is it laziness? Definitely not. No, it's poverty due to lack of growth, due to lack of reform. Everything else is just a symptom of that. In fact, even the biggest horrors - famine and war - have political causes. No democracy has ever been afflicted by a famine, and no two democracies have ever made war on each other.
Africa has been subjected by socialism, gangster rule and protectionism. Africa has not been too globalized; it has been too marginalized.