Mr. Bolkestein is an author and former Dutch politician. He served as Minister for For-eign Trade (1982–86), Minister of Defence (1986–88) and Chairman of the VVD Par-liamentary Group. He also served as the Eu-ropean Commissioner for the Internal Market, Taxation and the Customs Union (1999–2004). This article is an abridged version of a lecture given at All Souls College, Oxford University, on May 27, 2011. It has been re-printed with the author’s kind permission.