“In China and India, the pain has been minimal. That is because the economic effects of the earlier systems created such devastation. Think of the phrase, ‘I’ve been down so long, it looks like up to me.’ Think of China today and China in 1973 under Mao. The positive change has been greater than any seen in recorded history, and on a scale that was inconceivable in 1980. Every month, urban living space sufficient to house the population of Philadelphia gets built: 1.5 million people. When we are talking China and India, we are talking something in the range of 35% of the world’s population moving out of either Communism or Fabian Socialism.”
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