The more governments lean toward socialism, the more likely they are to adopt extractive institutions—systems that centralise power and wealth in the hands of a few at the expense of innovation, growth, and individual freedom.

History shows that inclusive institutions, which empower broad participation, protect property rights and ensure opportunities for all are the true drivers of prosperity.

When power consolidates, opportunity shrinks.

This is what is happening in parts of Europe and Australia, even though we are democratic capitalists.

Extract, extract and extract some more.