All one needs to do is just to go to any hospital in America and see the number of Pakistani or Indian or Lebanese, or Syrian, or Egyptian doctors, who are either first generation or themselves immigrants, to know, and I'm a big believer - brains are distributed evenly around the world. What aren't distributed evenly are opportunities, stable government, educational institutions, etc.

Rock stars get room keys, I get business cards. Wherever I go I meet innovators of wind power equipment, solar energy operators.

I was in Bangalore, India, the Silicon Valley of India, when I realized that the world was flat.

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.

When I was growing up, my parents told me, 'Finish your dinner. People in China and India are starving.' I tell my daughters, 'Finish your homework. People in India and China are starving for your job.'

If you are self-motivated, wow, this world is tailored for you. The boundaries are all gone. But if you're not self-motivated, this world will be a challenge because the walls, ceilings and floors that protected people are also disappearing. That is what I mean when I say "it is a 401(k) world." Government will do less for you. Companies will do less for you. Unions can do less for you. There will be fewer limits, but also fewer guarantees. Your specific contribution will define your specific benefits much more. Just showing up will not cut it.

I have a daughter who is a sophomore in college and another who is in the 11th grade of high school.