The current focus of this age of knowledge, as you know, is in the communications arena. With mind-boggling speed, we see technology so rapidly improving our ability to develop and disseminate information, and there is emerging a global information utility, which we call the Internet. Some day, we shall be able to access and relay information almost anywhere around the world, at any time, at no cost. There is really no way to over-state the impact of all of this on our economic development. Now, there are predictions that within 20 years or so, we shall have completed this information or communications era.
Futurists seem rather certain about what is next.
They call it an era of 'biotechnology,' and it has begun. You have some exciting years ahead. You know, the rapid progress being made in this age of knowledge is particularly notable here in America. And that, I must tell you, is because America is the one country in the world with the most freedom to innovate, with the greatest economic incentives for people to discover and build business enterprises. And America is the place with the fiercest competition, seeking to satisfy consumers in the marketplace.