Scott Galloway

In addition, when people ask me what's the difference when I speak here in the UK,

What's the difference between the UK and the US?

I say the same thing.

You're the ones that stayed.

The word risk defines our success.

We're more willing to take risks on capital.

We're more willing to start crazy, stupid businesses.

People are much more promiscuous with their own capital, thinking maybe someday I'm investing in the right Google.

People are much, much more risk aggressive, giving up a good job and moving to San Francisco and taking a lower salary and more equity in a startup, and just along the lines of risk.

The number of new business permits or new business applications in 2004, not that long ago, was 150,000 new business applications.

This year or last year, it was half a million.

Triple the number of people have decided to try and start their businesses.

Some of that might be because they're fed up in the corporate world or they don't have any choice, but whatever it is,

It's just striking how many people are starting businesses.

When I graduated from business school in 2002, 92, there were only two entrepreneurs in my entire class, and my co-founder was the second.

No one was starting businesses.

Just to be the optimist here, there is a really solid case here around what could go right.

The American ethos of risk-taking and understanding of technology,

Every innovation and technology has over the medium and the long-term created more jobs.

The market responds with good government policy.