It’s very clear from history that markets bring forth innovation. If you’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 something’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.
Causes of Poverty and Prosperity