In the fifth installment of our continuing series Talking Schmidt we bring you the most insightful lines from Google Chairman Eric Schmidt.

Schmidt, who is promoting his new book The New Digital Age with his coauthor Jared Cohen, responded to UK politician Ed Miliband’s call for “responsible capitalism” earlier this week.

He reminded Miliband that Google is a country… ahem, company powered by profit and projects like wearable computing and self-driving cars better serve Google than forfeiting more of its profits to various governments.

“Google is a capitalist country … company,” he corrected himself, to laughter from the audience. “It’s easy to say you would like us to have to have less profits and have that somewhere else. We will comply with the letter of the law, but we’re trying to avoid being doubly and triply taxes, which would prevent us investing in some of the wilder things we do.”

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