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Perhaps concentrated wealth will inspire a nation of innovative problem-solvers. But if the view of many economists is right - that it sometimes discourages innovation - then we should worry.

Technological innovation is indeed important to economic growth and the enhancement of human possibilities.

We begin to change the world when we stimulate long-term prosperity using technology. There is not a problem that's large enough that innovation and entrepreneurship can't solve.

Innovation makes the world go round. It brings prosperity and freedom.

If you are realistic about how our present society works, the economic clout - and a lot of the political clout, frankly - is in the business sector. And it's the locus of innovation.

Prosperity comes from the private sector.

Economic growth must be the central issue because it is only through growth that the devastating threat of national bankruptcy can be averted. Furthermore, it is only by reviving American economic growth that the West's global predominance can be sustained, and peace and freedom kept secure around the world.

Most of us understand that innovation is enormously important. It's the only insurance against irrelevance. It's the only guarantee of long-term customer loyalty. It's the only strategy for out-performing a dismal economy.

If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.

And innovation and entrepreneurship is the opportunity and best opportunity we have to grow the economy.