But simply sticking to the established regime of international trade and cooperation would likewise threaten our security and our welfare; because that would mean ignoring the fact that the current approach has also led to many people in our societies losing out.
As a result, we must begin to increase our reliance on market discipline both as a governor and as an indicator. When I talk about market discipline, some hear a call for a substitution of more market discipline for less regulation and supervision. Listen more closely.