Friday, February 13, 2009

The Age of the Middle Class

Despite the perennial complaints of economic doomsayers and statists, the reality is that the combination of globalization, technological progress, free markets, free trade, and decentralization of political power has created, for the first time in human history, a world where more than half of its population has middle-class standards of living.

Let's give ourselves a pat on the back for this great human achievement, hoping however that we stay on course, so we can achieve ever higher levels of freedom and economic progress.

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