Looking at Europe since the Second World War it is clear that those societies that have succeeded, that have brought more prosperity to their people have been those that have combined freedom and fairness.
Totalitarianism and over-regulation explain why Eastern Europe had a marathon task of catching up to do when the countries behind the Iron Curtain threw off the Communist yoke, entered the free world and sought to trade through the European Union.
I am keen for Wales to emulate Singapore in terms of a low regulation, business friendly environment which will grow employment and swell the nation's coffers.
We need fairness too. No government for Wales can turn its back on the Valleys and their considerable challenges. We need to provide first class education in our schools, and we must tackle the deep seated health problems that confront so many people in some of our poorest communities.
One challege is that as transport links are improved to Cardiff some of the Valleys communities are developing into dormitories rather than living communities.
Use of European funds to attract jobs to these towns and villages is part of the answer. As a nation we have not so far made that transforming breakthrough with European funds, witness the fact that contrary to popular belief we are in danger once again of qualifying for additional funds because of I believe too that we need to draw the line a little closer to individual freedom than is the case in Singapore. I am personally pleased at the libertarian instincts of the present Conservative - Liberal Democrat Coalition government.
Future challenges in the next Assembly term will include, hopefully with full powers, electoral reform, financial accountability, working closely with the Higher Education sector (much undervalued) in delivering for Wales, freeing up schools and cutting bureaucracy, assessing how social care can be provided in a fair and cost effective way for our senior citizens, providing funding certainty and assistance for the voluntary sector, driving up literacy and numeracy in more deprived communities by focussed funding, protecting and enhancing the Welsh language including through the broadcast and written media.
Keeping the party united and heading in the same direction being not the least of the challenges!
Not much work to do there then!