We have to talk about the elephant graph in the room. It shows that all the world’s poor and the very richest in rich countries increased their income a lot between 1988 and 2008. But look at the west’s middle class – nothing. They are the losers of globalization. Dead wrong. Numbers can play tricks if you don’t look at the whole picture. Here’s Free To Choose Media Executive Editor and Cato Institute Senior Fellow Johan Norberg on how.
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