Full transcript of the Bloomberg interview on 29 April 2008 (PDF), courtesy of the Straits Times.  Covers the gamut: food prices, world economy, banking bailouts, Olympics, Tibet, Lee’s approach to the media, Malaysia and even a tantalizing question about the future successor to Lee Hsien Loong — with, alas, a totally noncommittal reply.

LEE: The Chinese should learn to do what we have done, just take the western media on the western media’s terms. I don’t tell the western media you can’t sell here. All I say is you allow me the right of reply. You are selling because you want to sell advertisements, not because you want freedom of information or because you want to enlighten my people.

So when you write an article with a little sting at the end, which is not true. I claim the right of reply. You have written 5,000 words, I claim 500 words. They refused, and in that case, I will restrict you. I will not block you because you will say I’m afraid of what you said. But I will restrict you and allow the other people, the other subscribers to photostat, fax, and now scan. So now you allow me the right of reply, I get the right of reply, the writer who puts in all these poison barbs no longer appears so smart. You can twist my arm, I’ll wring your neck. So what are the facts? So, now we have reached a certain respect for each other.