The market doesn’t make communities. Markets make networks of self-interested individuals, and they work as long as there’s more than enough to go around.
So in Asia I want to make – I want to succeed to make a model of what success, practicing democracy, and market economy. Then that will give a good influence over Asian countries.
America used to be a uniquely productive, low-cost place to do business. We had efficient infrastructure. We had limited regulation. We believed in the market.
The difficulty for the Government is there’s this ideological straitjacket of the market will provide, let the market rip and everything will work out… It’s back to trickle-down economics, which, it’s plain to see, have not delivered.
I think global warming is the gravest threat. With global warming, it’s the product of a war between old energy – between the carbon cronies, who, by the way, could not stay in business in a true free market capitalism.
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.
In a market economy, however, the individual has some possibility of escaping from the power of the state.
To get away from poverty, you need several things at the same time: school, health, and infrastructure – those are the public investments. And on the other side, you need market opportunities, information, employment, and human rights.
I think the market is always going to be around. The goal is not to say, let’s get rid of the market, because the market does render a huge number of services, and I don’t want to have a fight about the price of something every time I buy a book or a bottle of water.
There is a movement in club football, which I don’t necessarily consider a prime example of solidarity, because it leads us to conclude the rich are getting richer and they are using everything in the market to create an exodus from Africa.