The Chinese are about to take away that one thing those in the English speaking world take for granted that they would always be able to always have an advantage in, and that's their native English language. Better watch out for this one! They'll outdo you in English as well as math, science and everything else unless you work harder!

Jay Walker explains why two billion people around the world are trying to learn English. He shares photos and spine-tingling audio of Chinese students rehearsing English -- "the world's second language" -- by the thousands.

Jay Walker is fascinated by intellectual property in all its forms. His firm, Walker Digital, created Priceline and many other businesses that reframe old problems with new IT. In his private life, he's a bibliophile and collector on an epic scale.