The Good News about the “Aught” Decade
The raging economic growth rates of China and India are well known, though their rise is part of a broader trend in the economic development of poorer countries. Ideals of prosperity, freedom and the rule of law have probably never been more resonant globally than they’ve been over the last 10 years, even if practice often falls short. And for all of the anticapitalistic rhetoric that has emerged from the financial crisis, national leaders around the world are embracing the commercialization of their economies.
Full editorial on the fruitful decade by Tyler Cowen in The New York Times.
This is a very interesting editorial. Puts the global picture in perspective.
Good counter to all the people saying how awful the decade was.
Tyler’s message is that capitalism is thriving. I hope he is right.
“And yet another roesan why the rich and privileged should pay more to support the government that protects them preferentiallly.”As always you have this wrong. the “rich and privileged” already pay more, not only in higher taxes, but in larger contributions to the campaigns of their favorite politicians.While I don’t agree with occupational licensing in any form, I don’t believe, as you seem to, that the “rich and priviledged” such as “physicians, lawyers, physical therapists, optometrists and other higher-end professions” are for some roesan underserving of their higher incomes and wealth.