The City of London has never been known for understanding technology and has never matched Silicon Valley's tradition of knowledgeable investment in technology start-ups, just as the U.K. government has never matched the vast investment made by the U.S. government.

Everyone knows of great projects that were too dependent on a charismatic individual, or simply too expensive to be replicated.

Over 5,000 years, states have made surprisingly consistent claims about their duties. They have promised to protect people from threats; promote their welfare; deliver justice and also, perhaps less obviously, uphold truth - originally truths about the cosmos, and more recently truths drawn from reason and knowledge.

The City of London has never been known for understanding technology and has never matched Silicon Valley's tradition of knowledgeable investment in technology start-ups, just as the U.K. government has never matched the vast investment made by the U.S. government.

There is a yearning for people to return to elementary moral virtues, such as integrity and commitment. We distrust people who have no centering of values. We greatly respect businessmen, for example, if they display those virtues, even if we don't necessarily agree with the people.

The most important innovators often don't need any technologies - just imagination and acute sensitivity to people's needs.

All innovation is about letting go, saying goodbye to things to create space for the new.