America's economy "encourages" adaptation · Transcript

WarrenDo you agree with a conventional wisdom that maintains that the age of classical industrial America has passed? The world evolves in a way in a market society, so people do what they're best at. And this country has done very well in recent years, something like software, where Microsoft has been leading or on Intel or something. I mean, we have done very well. Ten years ago, the American public was sort of down on itself or 15 years ago in terms of what the economy could do. And here we are with our unemployment rate in Nebraska, it's under 3%. And, you know, you look at the countries of Europe that we're supposedly going to beat us into the ground, or you look at Japan. And I think the American economy encourages adaptation. I mean, Singapore may be better. But in terms of major, large economies, I think the American economy does awfully well in encouraging adaptation to what people want, delivering it to them and in ever-increasing amounts. You know, I view that as all to the goods. So I don't regard any industry as sacred. I regard innovation and freeing up the able people to able in terms of a production of goods in a market economy to spend 12 hours a day. I don't see Andy or Bill letting up at all in terms of where Intel and Microsoft are now. I don't see Roberto Boyceweather at Coca-Cola or Microsoft. Michael Eisner, Disney, or any of those people, they don't work 40-hour weeks. They work 70 or 80-hour weeks. And I think that system works very well in this country, and I don't worry particularly about the specific products that are turned out.