“I think the success of democracy is not really police security; it's the presence of a broad middle class. The stronger the middle class of a people is, the less you have to worry about one group coming in and exploiting the democratic process for its own ends.”

“Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional business and retail lending activities as banks try to rebuild their balance sheets. This was one aspect of modern financial liberalisation that had dire consequences.”