In the last decade and a half, India and China have both engaged in extensive economic reforms, in effect bringing their joint population of some 2.3 billion into the worldwide system of capitalism and free trade. Those 2.3 billion people, many of whom are extremely well educated, are by and large willing to work harder and for less pay than are Americans. Are India and China's expanding and modernizing economies threatening America's long global dominance of science, technology, and industry? If so, what should we do about it? Peter Robinson speaks with Craig Barrett, Stephen Moore, and Peter A. Thiel.