So, Ambassador Dermor, thank you for being.

Thank you.

I don't know if it's good that I spent a lot of my time thinking because

somebody told me once that the worst way to think,

or the least productive way to think is to actually think.

A better way is to have a discussion.

And the best way to think is actually to write, because then you're in a dialogue with yourself. So maybe we can open up a bit of a discussion. But let me start by

giving you two disclaimers. So you know what my views are. First of all, Netanyahu is to the left

of me economically. I should say to the left of me economically. I came in as a capitalist, unabashed

to the Wharton School of Business. I left there as a more unabashed capitalist. I'm unabashed

and not only that I believe that free market capitalism is better for growth, which is important because we can have a lot of income redistribution discussions,

and we'll spend all our time talking about cutting up the cake rather than figuring out how to grow it.

I think any serious analysis of economic numbers over time shows that capitalism is a great force for growth.

But I actually believe in capitalism on a moral basis.

On a moral basis, and I think this is where a lot of the defenders of capitalism make a mistake.

They see the moral ground to their opponents.

And the opponents say, well,

that's true, but what about justice? And I completely disagree. When you have a situation in the

world today that you got about 2 billion people who were lifted up out of poverty in Asia because

of free markets and they were not there before, that's just about the most just thing that you

have. And Adam Smith remarked 200 years ago that, how did he put it?

The worker, the average worker in England lives better than some of the princes of Africa.

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