The middle class is teetering on the brink of collapse just as surely as AIG was in the fall of 2009 - only this time, it's not just one giant insurance company (and its banking counterparties) facing disaster, it's tens of millions of hardworking Americans who played by the rules.

Have you noticed that when we die, our eulogies celebrate our lives very differently from the way society defines success?

What won't work - what can't work - is to act like the last years never happened, and that the survival of the [mass media] industry will be found by hiding content behind walled gardens. Instead of sticking their finger in the dike, trying to hold back the flow of innovation, companies need to ride the rapids of progress and seize the opportunities it provides.

The harder you try to suppress the truth, the more inevitable it is that it will find a way to come out.

My mother was a continual source of wisdom and great advice...she taught me that there is always a way around a problem-you've just got to find it. Keep trying doors; one will eventually open. She also taught me to accept failure as part and parcel of life. It's not the opposite of success; it's an integral part of success. I talk a lot about learning to become fearless in your approach to life. But fearlessness is not the absence of fear. It's the mastery of fear. It's all about getting up one more time than you fall down.

Market forces have no intrinsically moral direction, which is why, before he wrote The Wealth of Nations, Adam Smith wrote The Theory of Moral Sentiments. Ethics should precede economics. But it doesn't have to. . . . We know this because we've seen the results of capitalism without conscience: the pollution of the air we breathe, the water we drink, and the food we eat; the endangerment of workers; and the sale of dangerous products - from cars to toys to drugs. All in pursuit of ever-greater profits.

Living in a state of gratitude is the gateway to grace.