Thursday, February 21, 2008

The Age of Global Capitalism

As I always say, Capitalism has done more to lift the global population out of poverty than any other economic system in history. It delivers the goods: "The last quarter century has witnessed remarkable progress of mankind. The world’s per capita inflation-adjusted income rose from $5400 in 1980 to $8500 in 2005.Schooling and life expectancy grew rapidly, while infant mortality and poverty fell just asfast. Compared to 1980, many more countries in the world are democratic today."

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