The Middle East would always be an important trading partner in just a market sense, like America is a big market for us, Asia is a big market, Europe is a big market. You are going to have hundreds of millions of consumers there, from just a standard market point of view, from a very narrow American point of view.

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.

The historical debate is over. The answer is free-market capitalism.

The Arab world had a big problem of frankly venal elites. That is why these revolutions happen, because people didn't think the opportunities were being shared fairly.

We have to fight the terrorists as if there were no rules and preserve our open society as if there were no terrorists.

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 don't think a monarchy led by 75- and 80-year-old men [Saudi Arabia] in today's modern world is really sustainable.