Quote of the Day

“China leads the world in homeowners, internet users, college graduates and, by some counts, billionaires. Extreme poverty has fallen from three-quarters of the population in 1984 to less than 1 percent today. China has risen so quickly that an 18-year-old’s chances at upward mobility today vastly exceed those of his or her U.S. counterparts. Eight hundred million people in China have been lifted out of poverty since 1990, and per capita income grew by 500 percent from 1980 to 2014. And China’s walled-off internet, widely predicted to fail, has instead thrived.” — from today’s New York Times.