We have to be the best global citizens we can be.

Two things are going on at the same time with the flattening of the world: The relentless quest for efficiency is squeezing some of the fat out of life.

Criticizing Israel is not anti-Semitic, and saying so is vile. But singling out Israel for opprobrium and international sanction - out of all proportion to any other party in the Middle East - is anti-Semitic, and not saying so is dishonest.

Something really big happened in the world's wiring in the last decade, but it was obscured by the financial crisis and post-9/11. We went from a connected world to a hyperconnected world. I'm always struck that Facebook, Twitter, 4G, iPhones, iPads, high-speech broadband, ubiquitous wireless and Web-enabled cellphones, the cloud, Big Data, cellphone apps and Skype did not exist or were in their infancy a decade ago.

Our bailout of Detroit will be remembered as the equivalent of pouring billions of taxpayers' money into the mail-order catalogue business on the eve of the birth of eBay.

I said that more people in more places can now compete, connect and collaborate with equal power and equal tools than ever before.

I don't think we replaced the Soviet Union with Al Qaida. I think we replaced, we should have, Soviet Union with the merger of globalization and the IT revolution. I think it's that. That is the real challenge that we face today. Unlike the Soviet Union, it has no face, it has no missiles, but it is something that challenges every job, every city and every community.