In other words, we always had the sense that the economy shouldn't just grow wild. There should be -- it should be within a framework of law.

So in the United States we've always thought from the beginning, without being socialist, that there's a role for government and there's a role for law and only within that context can capitalism develop. That's why I speak about democratic capitalism. You even need the external law and you need the habits in people that if they say they're going to do a good day's work, you can trust them to do a good day's work. If you have a manager who's seven miles away who said we did thus and so, you can believe him. And by goodness if you don't believe him you fire him, because we depend on honesty.