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Rumors of the American demise... have been greatly exaggerated.

I have to tell you that the innovation and the technology and the entrepreneurship of the world still lies in the United States of America.

But if you look at WorldCom, which is the biggest failure to date, they grew dramatically, they were buying companies that were bigger than they were and they were doing it off inflated stock.

The economic situation, the high cost of undertaking manufacturing, the supply chain - which is, by the way, dying out also as manufacturing undergoes hardship - make the U.K. not the first place you would look at to make a manufacturing investment.

A manufacturing resurgence is what will give local communities and small towns across America a fighting chance for survival. Many of today's American entrepreneurs come from those very places but make their wealth elsewhere. We need to change that.

I'm a strong believer that you can build great companies in time of both greed and fear. But you have to be paying attention and operating under the right assumptions. You don't have to believe history repeats itself, but you should accept that history rhymes.

There were a lot of manufacturing jobs lost over a long period of time and particularly after - during the Great Recession. We've had some recovery in manufacturing employment as the economy's recovered.

Since 2000, we have lost 2.7 million manufacturing jobs, of which 500,000 jobs were in high-tech industries such as telecommunications and electronics.

You lose manufacturing jobs, you rarely ever get them back again.

Large companies are not going to disappear. Multinational companies with tens of thousands of employees are not going to disappear. In fact, many of them are getting larger because they can benefit from economies of scale.