On Nov 30, 5:33*pm, wrote:

http://www.youtube.com/watch?v=MBB7l-SfoK4


"More and more money is being invested in a wider array of research
and development all over the world. There are millions of projects by
inventors looking to improve a product or service. Some changes will
be small and some will have enormous implications. When the steam
engine was being invented, there were just a handful of inventors who
understood the steam engine and could work on one. Today, we have the
luxury of having thousands of scientists, engineers, programmers, and
inventors working on all manner of projects large and small. And as
cheap and fast broadband becomes ubiquitous in the developing world,
we will be adding tens of millions more to the process. A few of these
multiplied millions will invent radical new products, adding to the
pace of change.

"As our knowledge expands, as our tools grow in number and decrease in
cost, our ability to find useful products increases at an ever-growing
rate. The tools that our current and future horde of inventors will
create will allow for all sorts of new products and discoveries.

"There are thousands of such tools, big and small, being created by
scientists and inventors in research labs all over the world every
month in scores of different industries. Each one allows the next
group of inventors to create even more and better tools and ultimately
products. Globalization is not just a manufacturing and sales process.
It is also an intellectual process, as scientist from many parts of
the globe can collaborate on a project, each bringing their
specialized knowledge to the project. That allows scientists in
smaller countries or in countries without significant resources to add
to the sum total of brainpower being thrown at a project.
All this means change is going to come faster than ever before. And
with these new changes will come renewed economic growth, and millions
of new jobs in the US and all over the world.

"Today's current crisis will pass, just as past crises have. And this
will not be the last crisis or recession of our lives. We will sadly
create whole new ways to foment a crisis. But in 20 years, no one is
going to look back and say I wish I could go back to the good old days
of 2007. We will then be living in the most exciting age in the
history of man.