Well clearly Apple is a role model of the American innovation whereby it produced all these products - iPod iPhone iPad - that are really now dominating all the technology arena in the world.

What is needed now is a transformation of the major systems of production more profound than even the sweeping post-World War II changes in production technology.

The number one benefit of information technology is that it empowers people to do what they want to do. It lets people be creative. It lets people be productive. It lets people learn things they didn't think they could learn before and so in a sense it is all about potential.

In the industrial revolution Britain led the world in advances that enabled mass production: trade exchanges transportation factory technology and new skills needed for the new industrialised world.

Product management really is the fusion between technology what engineers do - and the business side.

It reflects a prevailing myth that production technology is no more amenable to human judgment or social interests than the laws of thermodynamics atomic structure or biological inheritance.

I love what the Valley does. I love company building. I love startups. I love technology companies. I love new technology. I love this process of invention. Being able to participate in that as a founder and a product creator or as an investor or a board member I just find that hugely satisfying.

Despite all our gains in technology product innovation and world markets most people are not thriving in the organizations they work for.

Capitalist production therefore develops technology and the combining together of various processes into a social whole only by sapping the original sources of all wealth - the soil and the labourer.

I put £150 000 into the stage production of Grease and have got back £1.5 million so far. It has been a fantastic success.