“But suppose, for the sake of argument, free competition, without any sort of monopoly, would develop capitalism trade more rapidly. Is it not a fact that the more rapidly trade and capitalism develop, the greater is the concentration of production and capital which gives rise to monopoly?”

“History clearlyshows that governments that have tried to contain, regulate, or otherwiseusurp capital have failed. It is the same with brainpower; noone has a monopoly on brainpower. Controlling brainpower is likeherding cats. Brainpower creates capital, and capital fuels brainpower.It is a fundamental dynamic principle. Great ideas, solutions, insights,or inventions will develop only where they are nurtured and properlyrewarded.”

“It is capitalism, not Marxism, that trades in futures.”

“A country with secure property rights, scientific inquiry and technological innovation will become richer. But, since division of labour is limited by the size of the market, it will also benefit from trade, not just in goods and services, but in ideas, capital and people. The smaller a country is, the greater the benefits. Trade is far cheaper than empire, just as internal development is a less costly route to prosperity than plunder. This was the heart of Angell's argument.”

“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done”

“Invest in human capital and enhance human development.”