The merit of a democratic regime rests on one's continual willingness to exchange views, and to compete on the basis of individual merit and capacities.
People that are conceited of their own merit take pride in being unfortunate, that themselves and others may think them considerable enough to be the envy and the mark of fortune.
The market system requires that people be committed and willing to work hard. Inherent with that is what I call a merit system, which I think gives people the greatest opportunity.
