A not terribly successful American President was right when he said that “the business of America is business.” In fact, today it would be safer to say that the business of the world is business.

Whether through globalization, or just through the individual entrepreneurship of citizen in the developing world, business is the one force that seems to counter unrest, instability, joblessness, and even extremism.

Wisdom and experience tells us we will not stop extremism in the Middle East, or other violent regions, with just guns, drones and military force. But it just may be that fostering entrepreneurship and job creation may be one answer.

Leading this school of thought is former State Department official Steven Koltai.  Koltai is also the author of Peace Through Entrepreneurship: Investing in a Startup Culture for Security and Development.

My conversation with Steven Koltai: