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.
3 thoughts on “Quote of the Day”
Tom is totally on the ball on these issues.
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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