A Quote by Joao Lourenco
We are going to combat corruption, and we are going to underscore the fact that we want the private investors to be a major part of our future economy.
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One of our priorities is to have an enabling environment for private investment, both domestic and foreign investment, and that means we are going to officially combat corruption because we believe that this scourge, this illness, hinders our efforts to attract private investors.
Private equity investors are an integral part of the economy and should be celebrated for making our country wealthier.
I'm one of those people who believes that part of the greatness of the United States is our private sector. It's what we do as private citizens for ourselves and our companies. And our economy is essentially the wonder of the world because, in fact, it's produced so much for us over the years.
I'm one of those people who believes that part of the greatness of the United States is our private sector. It's what we do as private citizens for ourselves and our companies. And our economy is essentially the wonder of the world because, in fact, it's produced so much for us over the years. That's not government that does that.
The future generation is not going to judge India just on the basis of one election. There are greater things by which the country is judged. The future generation is going to want a strong economy.
I do know that the effect of the tremendous cutbacks on education that we're seeing are going to create a major problem for the country if we don't provide the opportunity to a huge swath of our society. These impacts are going to have an effect across national security, it's going to have an effect across our social services, and of course on the economy, in broad terms. So there is, I think, at least a level of concern that we ought to have at this point in our history.
We are going to secure this country. We are going to manage it properly. We will continue to improve the situation, security, economy, and fighting corruption.
They'll [China] probably be a fully developed nation. The road there just is not going to be that easy. You're going from a macromanaged, top-down economy to a market-managed, micromanaged type of economy, with all the potential corruption issues, SOE [state-owned enterprise] reform, and market reform that come with it.
I want to say something, and it may sound harsh, not to you, but to the American people. In a sense, in my view, the business model of Wall Street is fraud. It's fraud. I believe that corruption is rampant, and the fact that major bank after major bank has reached multi billion dollar settlements with the United States government when we have a weak regulator system tells me that not only did we have to bail them out once, if we don't start breaking them up, we're going to have to bail them out again, and I do not want to see that happen.
The future of private enterprise capitalism is also the future of a free society. There is no possibility of having a politically free society unless the major part of its economic resources are operated under a capitalistic private enterprise system.
Poetry is probably the last gift economy. Part of the negotiation is to understand that you're going to do something you really want to do, so you're going to take whatever life comes with that.
We believe SpaceX will become the world leader in space transport, and we want our investors to be part of that future.
Just as the PC bled back into industrial economy, I think the Internet is going to bleed back into our overall economy and have a transformative effect on major sectors that we don't yet foresee.
What I'm most excited about is the future of human spaceflight and the fact that this is going to be the future; this is what we're going to do for the foreseeable future.
I think capitalism will not disappear, but it's going to increasingly not be the exclusive arbiter of economic life. It's going to have to find value in interacting with the sharing economy on many levels. And this hybrid system that's already emerging among millennials is going to be a mature system where, by midcentury, part of the day will be in the capitalist market, part of the day in the sharing economy, depending on your marginal costs.
Private equity capital in each of those markets Europe and Asia - while those markets have very different characteristics - fills a niche where either strategic investors or the public markets don't go, or don't want to go for some particular reason. I think that's going to continue to be the case going forward.
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