There's a creativity, a power, an energy, an ability to do things unlike any other period in history. It's a little bit like sitting in the Renaissance, but multiplied a thousand-fold.
If you had a front row seat at the Renaissance, you would have seen Machiavelli come by plotting, and you would have seen murders in the streets, you would have seen violence, you have seen people burning books and it would have looked like the world was a horrible place, but that's where all these incredible stuff we're still living with comes out of.
There has to be some more regulation. But our kids have this incredible buffet of they can work in genomics, they can work in pre-omics, or they can work in robotics, or they can work in this, or they can work in that. And within the next five years there will be entirely new industries that come out of nowhere that kids are working in that would have been inconceivable when they started college. Not when we started college.
It's such an extraordinary time to be alive that you just don't want to miss it. I mean, it's a really neat historical period.
There is so much extraordinary opportunity if you're curious, if you're interested.
It's not fear that keeps me up. I mean, every generation has thought, this is the worst generation; the world's going to hell in a hand basket. The reality is, people are living longer, and they're living better.
The thing that keeps me most awake is the desire and curiosity to learn more.
If you depend on a single industry, if you don't continuously upgrade it, if that industry is not producing real wealth, if it's simply shuffling paper from here to here in a very efficient manner sometimes, that's not enough and that's not where you begin to get the rest of your jobs.
It is important that New York, in addition to its fashion, and finance, and tourism, and communications infrastructure, also begin developing venture infrastructure that's for real.
The housing crisis may not be the worst thing that's happened to New York City because it was becoming impossible for some of the young doctors, for some of the young artists, for some of the people that make the city so special to be able to live here.
One of the lessons that I hope people will take out is the extreme dependence simply on the financial sector is really dangerous.
There is a massive ecosystem that has to get built that looks like a biosphere. And the various parts of that biosphere better be there.
New York City is a fascinating place because it's very good at using the energy in attracting some of the best and the brightest from everywhere.
Cities are magical things. You know the energy in them. You have to walk the streets in any borough here and you can see between what was in this city in the 1970's and where it is today and how much more energy there is and how much more just sheer.
There are certain zip codes that generate a disproportionate share of patents, of startups, of wealth, of jobs. And it's really important if other parts of the country are going to want to create these tech centers.
Until African-Americans and Hispanics can get serious, not just about area studies, which are important, but also about science and technology, they're not going to generate that wealth and that job within those communities. And that has absolutely devastating consequences for the places where people live, for the jobs and for the wealth.
There are few jobs in the world that are more fun than being the head of Urban Development for a great and thriving city.
If you don't have that science and technology and brains as an input, as you don't have in large parts of Latin America, if you don't focus your education on that, if you don't find your 10,000 best scientists, but you do find your 10,000 best soccer players, the consequences are, you become a World Cup Champion in Soccer, like Brazil, but you don't become Korea, which earned 1/5 of what a Mexican did in 1975 and today earns five times more.
Within the United States, there is a real division between the PhDs given in science and math to the Asian community, to the traditional white community, and then to African-Americans and Hispanics.
When I grew up, I simply didn't have mentors that said, "Science is important. Science helps you build a country. Science makes a country powerful." And that's such a simple thought, but when you think about what's powered Taiwan and Korea and Silicon Valley and Cambridge.
Venture capital is about .02% of the U.S. economy invested, and it accounts for 11% of total U.S. jobs and 21% of U.S. economic output. And the reason why is because these companies can get very big, very quickly.
China has, all of a sudden, found a way of putting the best of the best to work to build an economy that is growing at 10% to 12% per year, and now India is following. And those changes and how quickly they've come out of this mess, how little debt they have, is really important.
One of the things that really worries me, in part about Mexico, in part about Latin America, and in part about the Hispanic population in the U.S. and Canada. It's the lack of awareness of this whole science world.
If I had a wand and could put statues in different places, one of the statues would go to a man who just died, called Norman Borlaug, who came up with the Green Revolution.
We traditionally in this world didn't have enough calories to feed all of us and had huge famines, not just in Africa, but had them across India, across Southeast Asia, and across China. Because of Borlaug's work at Simit and because of this we have huge excess, until very recently, in agricultural produce and the prices went through the floor.
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