"I know that for many people, this is a frightening vision. They feel left out by new technology, threatened by a younger generation who have grown up on-line. I understand those fears. But we can't turn our backs on change. If we do, the world will not wait for us, it will overtake us.

Of course one response would be to let people fend for themselves. We cannot let that happen. We cannot tolerate the creation of an information underclass. It would be both unfair and inefficient.

So there is a clear role for public policy. Not the old role of state subsidy, intervention or planning. But a new role: Promoting competition, minimising regulation and equipping people with the skills they need. A policy that believes fairness and prosperity go together. That helps everyone to make the most of change. That is what I want to talk to you about today."
 
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