*Some Chicago Boyz know each other from student days at the University of Chicago. Others are Chicago boys in spirit. The blog name is also intended as a good-humored gesture of admiration for distinguished Chicago boys including those pictured above (we claim no affiliation), and others who helped to liberalize Latin American economies.
 
 

 
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Quote of the Day

Posted by Lexington Green on May 25th, 2008 (All posts by Lexington Green)

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The Russians, Chinese and Indians aren’t just a new collections of fools. They will no more drive humanity off a cliff than we did. With 3 billion new capitalists come 3 billion new answers.
 
Many will only see needs and demands. Some will see innovation and vision.
 
One point history makes clear: when markets are allowed to operate, efficiencies emerge. When markets are prevented or perverted (like in the socialist bloc), disaster triumphs.

Thomas P.M. Barnett

 

This entry was posted on Sunday, May 25th, 2008 at 3:17 pm and is filed under Entrepreneurship, Quotations. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

3 Responses to “Quote of the Day”

  1. Jonathan Says:
    May 25th, 2008 at 5:42 pm

    Excellent.

  2. Lexington Green Says:
    May 25th, 2008 at 5:51 pm

    Tom is totally on the ball on these issues.

  3. Virgil xenophon Says:
    May 25th, 2008 at 10:48 pm

    As in the Tata perhaps?–although the greenie religious zealots think such things signal the end of the world rather than improving the lives of countless millions.

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