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The rate of profit... is naturally low in rich and high in poor countries, and it is always highest in the countries which are going fastest to ruin.

General education is the best preventive of the evils now most dreaded. In the civilized countries of the world, the question is how to distribute most generally and equally the property of the world. As a rule, where education is most general the distribution of property is most general.... As knowledge spreads, wealth spreads. To diffuse knowledge is to diffuse wealth. To give all an equal chance to acquire knowledge is the best and surest way to give all an equal chance to acquire property.
Barry Jones once said that Australia is the only country where the word 'academic' is a pejorative. The academic sector has a vibrant and practical role to play in this complex world of ours. Higher education and research are worthy of your much closer attention. Yes, we can be and should be the clever country. Our progress can be within the highest ethical and moral framework. But this will only happen if we place appropriate emphasis on education, research and innovation within a truly international framework.

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