If you want to get an advance machine tool job today, you need to know calculus. We know a lot of people don't, we can't expect everyone to know calculus, what do we do? We created a huge bubble that created a huge number of jobs to build houses and to be in retail. You don't have to have a lot of skills to work in the new Gap store that opened, at the latest Starbucks branch, or to hammer a nail for a new house.
Watching both the health care and climate/energy debates in Congress, it is hard not to draw the following conclusion: There is only one thing worse than one-party autocracy, and that is one-party democracy, which is what we have in America today. One-party autocracy certainly has its drawbacks. But when it is led by a reasonably enlightened group of people, as China is today, it can also have great advantages.
In China today, Bill Gates is Britney Spears. In America today, Britney Spears is Britney Spears-and that is our problem.
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.
Iraq today does have a chance to shape its own future. They may not do that, or this generation may not do that. But maybe the next one will, I don't know. They may try and fail, and stumble, get up and fall back.
The unemployment rate today for people with our-year college degrees is 4.1%, which is almost none. That's people switching jobs basically. That tells you that education is the only way up and the only way out. If that is the fact, then we've got to get more of it for more people.
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.
I would say that in 2000, we understand as much about how today's system of globalization is going to work as we understood about how the Cold War system was going to work in 1946.
I don't think a monarchy led by 75- and 80-year-old men [Saudi Arabia] in today's modern world is really sustainable.
Today, natural gas now outstrips coal as the leading provider of electricity in America. If this is as big as people believe it is, natural gas will soon be powering trucks and marine ships. Maybe even standard commercial cars that people use at home through compressed natural gas, other gas to liquids. The potential is there for more energy independence by America and a reliance on cleaner fuel - natural gas emits half as much as coal, in terms of carbon emissions. That's a real bounty.
What we do know is that the planet is going from 7 billion people today to 9 billion. More people want to live like us, drive American- size cars, live in an American-size home, and eat American-size Big Macs. What does that mean? It means that energy demand is going to be going up.
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