America has run the world for at least the past 50 years, and when you're at the top that long, you forget what it's like in the valley. There are 5+ billion people out there now who are willing to study harder, work harder for less money and be more industrious than we are. And we're linked to them by technology. With telecommunications, you can have your bookkeeping done in Madra, India, for less than it costs here. Today technology can replace whole new industries, so you have to stay flexible. To survive today, you have to be able to walk on quicksand and dance with electrons.

Summary

This quote emphasizes the notion that America, being a dominant global power for decades, has grown accustomed to its position of privilege and may underestimate the ambitions and capabilities of other countries. With the rise of technology and global interconnectedness, there is a recognition that a large population of ambitious individuals around the world are willing to work harder, for less, and seek success in new industries. To stay relevant and competitive, individuals and organizations must be adaptable, embracing technological advancements and navigating the ever-changing landscape of the global economy.

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