Ibrahim Babangida Quotes

We are on the our way to a free market economy. Regardless of the mistakes and omissions, the government has managed to implement a firm and consistent economic policy. Regardless of how incomplete it still is, the transition to free market relations and democracy has become irreversible.

The challenge as we saw in the Nigerian project was to restructure the economy decisively in the direction of a modern free market as an appropriate environment for cultivation of freedom and democracy and the natural emergence of a new social order.

Economic freedom cannot be sacrificed if political freedom is to be preserved.

Democracy and economic reform go together.

Some people think that as the Chinese economy becomes more and more capitalistic it will inevitably become more democratic.

If a socialist economy is opened up to increasing degrees of market forces, a point will be reached at which democratic governance becomes a possibility.

You want a political culture that works to create conditions under which an economy can thrive? Since signing the Oslo Accords with the Palestinians, Israel has spent two decades working to unshackle its economy from its socialist roots, with remarkable results.

So I think one can say on empirical grounds - not because of some philosophical principle - that you can't have democracy unless you have a market economy.

The biggest lie of all is that capitalism is democracy. We have no way of understanding democracy outside of the market, just as we have no understanding of how to understand freedom outside of market values.

I think a major cause of present Asian economic difficulties that mainly come from, you know, lack of market economy.

Let me say again that the relationship is asymmetrical: there's no democracy without a market economy, but you can have a market economy without democracy.

I think Russians today have a distorted picture of capitalism, liberal democracy and market economy.

Establishment of a market economy is seen as mostly involving destruction.

In this day and age, a big economy – a modern economy – just cannot be managed from the top.

Either you believe in markets, or you believe in government.

Economic freedom is an end in itself …. Economic freedom is an indispensable means towards the achievement of political freedom.

The key to democracy has been the free market economy.

You should be cautious when criticizing the liberalization of economic theory.

In the early 1980s, the government of New Zealand fell into the hands of true believers, globalist believers, and they embraced the theory of inevitability perhaps more completely than anybody else. And it solved in the very short term some of their debt problems, but in the medium- and long-term, it left them in real economic trouble.

Nationalizing businesses, nationalizing banks, is not a solution for the democratic party, it's the objective.

Mexico is a market economy, but we should have better markets.

With each step away from communist constructivism to Hayekian capitalism, China has been richly rewarded.

Government intervention only hurts; it doesn't help.

The strong economy means there is fiscal firepower and we need to use that to show people the benefits of the free-market system.

Growth and progress depend on more economic freedom.