Itâ€™s very clear from history that markets bring forth innovation. If youâ€™ve got free and fair exchange with decent property rights and a sufficiently dense population, then you get innovation. […]
The only institution that really counts is trust, if you like. And somethingâ€™s got to allow that to build. […]
But human beings are spectacularly good at destroying trust-generating institutions. They do this through three creatures: chiefs, thieves, and priests.