Americans, like many citizens of rich countries, take for granted the legal and regulatory system, the public schools, health care and social security for the elderly, roads, defense and diplomacy, and heavy investments by the state in research, particularly in medicine.

Political and legal institutions play a central role in setting the environment that can nurture prosperity and economic growth.

The key is to somehow find a way of tackling rent-seeking, crony capitalism, and corruption - legal and illegal - and build fairer, more equal society without compromising innovation or entrepreneurship.

International cooperation is vital to keeping our globe safe, commerce flowing, and our planet habitable.

The people who hate immigrants are people who have never met them!

People on left have to better understand what are the benefits of inequality, and people on right have to understand better what the dangers are... It has to become properly hardwired into the American democratic debate in a way that it hasn't really been.