Much of what is called investment is actually nothing more than mergers and acquisitions, and of course mergers and acquisitions are generally accompanied by downsizing.

What you need if you want jobs are small and medium sized enterprises, local initiatives, labour intensive work, community development, service providers and the like.

If we wait for the U.S. to do something, we will be waiting for a very long time. It's Europe, it's Australia, it's the other developed and middle developing countries that have got to do the job.

The World Development Movement, to take just one example, is doing good work. Some political parties are, too.

We have the most crude accounting tools. It's tragic because our accounts and our national arithmetic doesn't tell us the things that we need to know.

Markets cant think about anything beyond about three months. This is very long-term for markets, which is why the important things in life have got to be taken outside of the marketplace.

I was recently looking at what they can actually do to reduce consumption of petrol. It would be quite possible to build automobiles out of carbon fibre that would be just as strong, weigh 10 times less and consume 10 times less petrol.