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Every nation has to follow a certain policy: Commercial, trade, various other types of policies.

Our strategy should be based on indigenisation and import substitution. The government must provide opportunities for domestic companies to participate in sectors in which the country continues to depend on imports.

When a nation is over-reliant on one or two commodities like oil or precious minerals, corrupt government ministers and their dodgy associates hoard profits and taxes instead of properly allocating them to schools and hospitals.

Each country has to decide how to best engage their own citizens and their own policy environment to ensure they can produce the food they need.

I lay this down as a fundamental proposition, which I do not think will be denied, that whoever controls the taxation and trade policy of a country controls its destiny and the entire character of its civilization.

A great nation like the United States has many and varied interests, and we need both to do business with tyrants and to engage constantly in multilateral diplomacy.

I know that there is a great diversity of opinion as to who, in fact, pays the duties on imports. I do not intend to discuss that point. We of the staple and exporting States have long settled the question for ourselves, almost unanimously, from sad experience.

We need open, competitive, market economies... but at the same time with effective regulation and supervision.

Imperialist enterprise draws political consequences.

International institutions are composed of governments. Governments control their own military forces and police.