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there is a pendulum to these things. it does take cycles. does it take stuff away from people and still be popular. we have, at this table a personification of the complexity of the spread we have a man who is a multibillionaire and the american dream. he earned it all the hard way from nothing and yet when they see the kind of wealth you have, there are people who resent it. i don t think they have the right too. i think they have the right to demand a safety net, they have the right to demands a decent life, but have no right to try to take your wealth away. that s just called jealousy and it destroys one of the most important engines of capitalism but the perception of the disparity of wealth has become greater than ever before because of the media. it is a real problem. i wanted to ask steve, how do you deal with that in your personal life and how do we deal with that institutionally. in fact they don t.
i can t do anything about what other people think. my counterpoint to jealousy or envy is the only constituency that is successful business person has are the jobs he s created in the people who work for him and the opportunities of better life for people who are involved with his business family. the fact of the matter is, the distribution of privilege on this planet is outrageously imbalanced. the five of us at this table are part of a group, americans, that sit in one tenth of 1% of the almost 8 billion people that occupy this planet. just being in this country we are privileged beyond any fair measurement of distribution. it has always been so. what really matters is not to fret over the disparity because it will never change.
what we focus on is the only thing that s ever created a better life for human beings in the history of humanity is the demand for their labor. the more there is the better the life. it leads us to the simple question, what is the purpose of government? to create an environment where the demand for human labor goes up and people have a better life. i have been part of that process as being part of the commercial and the country. it has given me a great deal of satisfaction and it has insulated me from giving a damn about what people say who are jealous. i think we have to focus on what we do in our time on this planet to make things better. i-pronoui-pronou n will bring this down about 10000 feet. you asked about government. where do we stand now on government? the public s opinion. one department, how can you tama government and have respect and regard for a
this one is overhead. when i see a bubble, i run from it. i agree. i don t know. but competition with the government on what is the government s most inherent power to print money or not print money, cause inflation, because the value of the dollar to go down, we are now having competition. we will see competition in every aspect of life and it s like everything else, you ve got out of a good and a bad and we have to control it. about competition in the intelligence area. we will find that too. private companies are doing intelligence work. it s inevitable. it gives us the opportunity for competition which we created in this country. it didn t depend on your last name or your royalty connection. you can make it whatever you want it. it s pretty much still the same as long as a legal. should every thing be unregulated?