“The market system requires that people be committed and willing to work hard. Inherent with that is what I call a merit system, which I think gives people the greatest opportunity.”
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The freedoms that people have that flow from all civic institutions fundamentally come from the success of a market system.
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It is the potential for economic growth that provides the basis for the development of countries, for bringing to people essential goods and services, such as water to drink and facilities for healthcare.
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Without competition, the spectacular development of technology that we have seen in the last one hundred years in this country would not have happened.
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