must learn it discorrupt ourselves before somebody else does it for us. joining us now. an award winning global correspondent for the economist now based in chis in china. he is the author of "need, speed and greed." welcome, veejay, i love that title, by the way. >> thank you. >> we will get into need, greed and speed, today, i hope. >> thank you. >> this is pivoting off of what the president wag talking about. innovation shouldn't be thought of just as nancy new ganlets but a different frame of mind. >> absolutely. this is one of the main fallacies i tackle in the book. we think of innovation meaning invention, technology, ip, gadget, glover teixei gadgets, gismos. innovation simply put is fresh thinking but create value.

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