Here is the scariest statistic I found in researching the revision to my book, The Post-American World:
Apple is considered the most innovative company in America by far. It has the second largest market capitalization in America after Exxon. It has transformed industries and our lives.
Apple has about $70 billion in revenues. The company that makes Apple's products called Foxconn is in China. They have about the same revenue - $70 billion dollars.
Apple employees 50,000 people. Foxconn employs 1,000,000 people. So you can have all the innovation you want and tens of thousands of engineers in California benefit, but hundreds of thousands of people benefit in China because the manufacturing has gone there.
What does that mean? America needs to innovate even more to keep pace. Check out my article in TIME on this subject.
Tune in Sunday at 8pm ET/PT for a GPS special, "Restoring the American Dream: How to Innovate."
Finally, come back here to the Global Public Square online on Sunday for the launch of our new "Global Innovation Showcase" highlighting the new ideas and innovations that will change our world.
What's your the scariest statistic?