Since the end of world war ii stop joining conversation by former defense secretary james mattis. For more Schedule Information at booktv. Org or consult your program guide. Including the evolution of everything and the rational opposite. This new book, primary focus of our conversation today, is the how Innovation Works. He has been a member of the house of lords. Good to chat with you today. Guest thanks, jim. Great to be with you. Host i noticed from doing events and podcasts, listeners love when i read so ill read a few sentences i cobbled together from your book, as a lead any question, i you rate. Innovation is the most important stat missed loose understood. The reason that most people today live lives of pros apart and wisdom compared with ancestor. Theres freedom to change, experiment, imagine, invest and fail. Liberals argued that since at least the 18th century that freedom needs prosperity but it would argue that they have never found the connection by which one causes the
Matt innovation is one of the least understood. Is the reason most people say, live in prosperity and wisdom. In the main ingredient in the secret sauce in these innovations is freedom. Freedom to exchange experiment in imagine invest in fail. Liberals have argued that from the 18th century that freedom means prosperity but i would argue if never found the neck mechanism to drive change in which one causes the other pretty innovation is that drug chain, the missing link. Innovation is a child of freedom and the parent of prosperity. Matt, you think you have written a contrarian book in 2020. There seems to be a growing belief. Living standards have been stagnant for decades, both only helps the elites rated and innovation comes from smart planners implementing industrial policy carefully chosen sectors. Matt this is a contrarian book. It is because i said that innovation is the product of free people exchanging ideas freely. And yes we are experiencing innovation although, i do argue f
Department officials, john and awardwinning author, shelby steele. At first, heres a portion of the 2013 interview with George Schultz freed secretary of state during the Reagan Administration he talked about his book issues on my mind. And the issues on my mind, you write that when it comes to terrorism, this country must think hard about the moral stakes involved and if we truly believe in our Democratic Values and our way of life, we must be willing to defend that. Passive measures are unlikely to suffice. Needs of our active defense must be considered and given the necessary political support. Estate if you have a Law Enforcement approach, you say okay, but a terrorist attack happened. Then we find out who did it. And then we try them in the u. S. Court. And we find them guilty. Then they go to jail. What has that accomplished. A certain deterrence but in the meantime, tara stark has taken place. In the terrorist act like 911 can kill a lot of people. So if you know something is co
Disinformation and propaganda, President Trumps rhetorical assault on beijing steps up a gear. The u. S. Senate passes a bill to the last Chinese Companies on european and delist Chinese Companies on european indexes. The bank of england president said get of rates are not being ruled out. Plus, cut to junk. Angela merkel says a decision on the lufthansa bailout should be expected shortly after the German Airline becomes the latest to lose its Investment Grade status on the s p. Take a look at futures this morning. We do see losses in futures. Euro stoxx 50 futures down a little bit more than 1 . 0. 6 6 . Ures falling we see drops on u. S. Futures, as well. S p, and nasdaq futures all down by more than 0. 5 . Anna, the gmm . Anna lets have a look at the gmm. Quite a mixed picture in the Asian Session after some gains in europe and the u. S. Yesterday. Lifted in part by some better corporate reporting in the u. S. We see a little bit of nervousness around geopolitics and the ongoing ten
In issues on my mind, and you write about when it comes to terrorism. We must think hard about the moral stakes and falls. If we truly believe in our Democratic Values and way of life, we must be willing to defend them. Passive measures are unlikely to suffice. Means of more active defense and deterrence must be considered and given the necessary political support. You say if you have a lawenforcement approach okay, let an attack happen and then we find out who did it and try them in a u. S. Court and if we make them guilty and the endless Appeals Committee go to jail. While, what does that accomplish . In the meantime the terrorist act has taken place and an act like 9 11 can kill a lot of people so if you know something is coming at you, why not stop it from happening . In other words, prevention. And when i first said that in 1984, it was very controversial but after 9 11, people have said of course, we should be trying to stop that from happening. And so i think this doctrine of tr