In a world of scarce resources, globalization without new technology is unsustainable.

In the developed world, technological progress means that you can have a situation where there's growth, where there's a way in which everybody can be better off over time.

Rivalry causes us to overemphasize old opportunities and slavishly copy what has worked in the past.

My own answer to the contrarian question is that most people think the future of the world will be defined by globalization, but the truth is that technology matters more.

The college kids should think hard about what they're doing. If you have a great idea for a company, there's no right time to start it, and it's often better to start it sooner rather than later. I went to Stanford undergrad and Stanford Law School, and if I had to do it over again, I might still do those things, but I wish I had asked the type of questions like, why I was doing it, was it just for the status and prestige, or was it because I was really interested in the substance of it.

There is perhaps no specific time that is necessarily right to start your company or start your life. But some times and some moments seem more auspicious than others. Now is such a moment. If we don’t take charge and usher in the future - if you don’t take charge of your life - there is the sense that no one else will.

Technology is probably the single biggest driver of productivity gains for the developed countries. For example, I think it's much more important than free trade.