Tapping America's Potential

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Editorial and Op-ed Support December 2007

December 10, 2007 – Newsweek – “Launching the Next Generation”
Where young people get a first-rate education, entrepreneurial companies like my own SAP can spring up and thrive. The role that private initiative can play in creating this kind of environment is something I saw firsthand in Silicon Valley—once not much more than a few fruit orchards before railroad entrepreneur Leland Stanford founded Stanford University with $20 million a century ago. Stanford, Andrew Carnegie, John D. Rockefeller—it impressed me how these American industrialists gave large parts of their fortunes for education and science. It impressed me even more because in their age, industry was less dependent on education as a resource than today's knowledge society.

December 7, 2007 – Fortune – “The Battle for Brainpower”
The U.S. may be rich, but we hardly have the best education system. Why isn't the United States more serious about the key competitive advantage of the Info Age, education? How to make human capital more valuable is no mystery, yet the world's richest country still has nowhere near the world's best education system. That means trouble that will only get worse. Stephen Roach, former chief economist of Morgan Stanley and now head of the firm's Asian operations, says, "In the U.S. we've squandered our advantage by not investing in educational reform."

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