At some point, that risk-taking private capital can take over, and have patents and trade secrets and things that let them lead the way, which happened with the steam engine and some other things, although with energy, the time of adoption is a lot longer than it is with, say, IT products or even medical advances, like drugs and vaccines.

The present and future of knowledge attainment and essential business skills.

China and the U.S. need each other very badly. Yes, we should argue about some things, but it's not an 'us versus them,' it's an 'us and them' type scenario.

How much further beyond basic research the role of the government should be, you could have a really good debate about it. Almost nobody would say it's zero. But that's where at least we need the private sector to play a big role.

Programs today get very fat; the enhancements tend to slow the program down because people put in special checks. When they want to add some feature, they’ll just stick in these checks without thinking about how they might slow the thing down.

The world needs banking but it does not need banks.

When I was trying to figure out why lives have improved so much in the last 300 years, where we've gone from a third of kids dying before 5 to - by 1990 it was down to 10% - now it's down to 5%. And saying why, over all history, there were smart people, but that number didn't change. Average life span didn't change. What's magical about what's been deemed the Industrial Revolution? It's really energy intensity.