When you study history and look at every civilization that has grown up and died off, they all leave one remnant: a major sports colosseum at the heart of their capital. Our fate can be different; but only if we start doing things differently.

No, most of our political elite has not realized that the world is flat.

In Globalization 1.0, which began around 1492, the world went from size large to size medium. In Globalization 2.0, the era that introduced us to multinational companies, it went from size medium to size small. And then around 2000 came Globalization 3.0, in which the world went from being small to tiny.

It's easy to kind of say it's the elite that's putting you down. Well, it wasn't really the elite, technology will do that.

We are entering a hyperconnected world where every boss now has more access, cheap access to cheap labor, cheap genius, cheap robot, cheap software, and then this world averages over. There is only one answer to that, and that is to get everyone as close as possible to some form of post-secondary education, it could be vocational, it can be liberal arts, it can be science and technology.

I think that competition will exist even if we discover more oil. We're never going to know how much we have, or how long will it last. You are always going to want to have diversity of supply. I think the Middle East will remain a region of competition, of global competition, fighting for a long time.

The hidden hand of the market will never work without a hidden fist.