What is the most entrepreneurial country in the Middle East today? It's Lebanon. Which country has no oil or gas? Lebanon. The same was true of Israel, the same was of Bahrain. You could see a real gradation. Turkey, for instance: no oil and gas, very entrepreneurial. You can either dig your future out of the ground or you can unlock the potential of your people.

I'm a radical pro-immigration advocate. I'm not saying we just look at the Muslim world or we just look at China, we just look at India as a source of our talent. But, one thing we know... first or second generation or new immigrants or children of immigrants have started about 40% of the Fortune 500 companies. For me it's always been a really very important issue that I want America to be open to the most energetic and talented people from around the world.

I don't think that stability and the status quo go together at all, not in a flat world where people are integrated, where women are assuming new roles, where young people want to be consulted and participate. I think the trick is to open up, move down the path of reform, do it in a way that is consistent with your own society's stability and culture, and just don't think you can do nothing.

I have no problem with a war for oil-if we accompany it with a real program for energy conservation. But when we tell the world we couldn't care less about climate change, that we feel entitled to drive whatever big cars we feel like, that we feel entitled to consume however much oil we like, the message we send is that a war for oil in the gulf is not a war to protect the world's right to economic survival-but our right to indulge. Now that will be seen as immoral.

Big breakthroughs happen when what is suddenly possible meets what is desperately needed

Iraq may still have a decent outcome...but even if it becomes Switzerland, we overpaid for it.

Obviously China is clearly taking the lead in some areas, but when it comes to the most advanced innovation, it's still America.