The socialism of centralised state control of industry and production, is dead. It misunderstood the nature and development of a modern market economy. It failed to recognise that the state and public sector can become a vested interest capable of oppression as much as the vested interests of wealth and capital. it was based on a false view of class that became too rigid to explain or illuminate the nature of class division today.

Each party steals so many articles of faith from the other, and the candidates spend so much time making each other's speeches, that by the time election day is past there is nothing much to do save turn the sitting rascals out and let a new gang in.

Close alliances with despots are never safe for free states.

In our political system, money is power. And that means a few can have a lot more power than the rest. That's bad news for everyone else - and for our democracy itself.

It is our experience that political leaders do not always mean the opposite of what they say.

These examples, though as unfit for the imitation, as they are repugnant to the genius of America, are notwithstanding . . . very instructive proofs of the necessity of some institution that will blend stability with liberty.