An emerging market is a country where politics matters at least as much as economics to the market.

I don't see a coherent global order anywhere on the horizon.

In China, the state controls the corporations, whereas in the United States, the corporations control the state.

I believe that if you go and ask a chief executive of a Goldman Sachs or a BP, and they answer you honestly they want monopolies, they want government subsidies, they want preferences - they're not interested in free markets.

I think it's fantastically narcissistic to believe that in the entire universe, with all of the planetary systems that we've already discovered and the countless others that are out there, that we are the only forms of life.

I would rather people not smoke. I certainly appreciate the fact that smoking is not legal in restaurants and bars. That used to stop me from going out at night because you'd go someplace and your clothes would reek and you wouldn't enjoy the experience and that affects your rights. It's always a question. Whenever you are talking about these issues, it's not a question of restricting rights. It's a question of restricting whose rights, and providing for whose rights and that's a tricky balance.

In the nearer term, the likeliest source of risk is a conflict between China and the U.S. These are now the two largest economies in the world, and the combination of their economic interdependence, the sharp differences in their political and economic values, and the growing divergence in their interests makes this relationship potentially dangerous for everyone who might be affected by it - which means pretty much everyone.