No civilization, no matter how mighty it may appear to itself, is indestructible.

American Empire- it is an empire that lacks the drive to export its capital, its people and its culture to those backward regions which need them most urgently and which, if they are neglected, will breed the greatest threats to its security. It is an empire, in short, that dare not speak its name. It is an empire in denial.

When I first came to Oxford, I struggled to feel comfortable in an Anglican, public school-dominated institution.

Between 1980 and 2000 the number of patents registered in Israel was 7652 compared with 367 for all the Arab countries combined.

Oral history is a recipe for complete misrepresentation because almost no one tells the truth, even when they intend to.

For 500 years the West patented six killer applications that set it apart. The first to download them was Japan. Over the last century, one Asian country after another has downloaded these killer apps- competition, modern science, the rule of law and private property rights, modern medicine, the consumer society and the work ethic. Those six things are the secret sauce of Western civilization.

When bond prices fall, interest rates soar, with painful consequences for all borrowers.