Culture Changes With Economic Development.

Gore Vidal, The American Writer, Once Described The American Economic System As 'free Enterprise For The Poor And Socialism For The Rich'. Macroeconomic Policy On The Global Scale Is A Bit Like That. It Is Keynesianism For The Rich Countries And Monetarism For The Poor.

Countries Are Poor Not Because Their People Are Lazy; Their People Are 'lazy' Because They Are Poor.

Rational Thinking Is An Important Aspect Of Human Nature, But We Have Imagination, We Have Ambition, We Have Irrational Fear, We Are Swayed By Other People, We Get Indoctrinated And We Get Influenced By Advertising.

Financial Markets Need To Become Less, Not More, Efficient.

Democracy Is Acceptable To Neo-liberals Only In So Far As It Does Not Contradict The Free Market.