“In the West, if a company like McDonald’s needed supplies, it just specified its wants and put the job out to tender. Suddenly, its Moscow managers found themselves operating in an environment where the Invisible Hand had been shackled, and personal initiative had been a crime, since the 1920s.”


“That in turn highlighted a more fundamental problem with capitalism. You only appreciate it when it isn’t there. When it is, you are inclined to take it entirely for granted. More than that, you are inclined to contribute to relentless criticism of it, criticism that is encouraged by governments of all stripes, because alleged capitalist shortcomings are the rationale for government expansion.”