In yet another instance of things you know that ain’t so, it turns out that the world’s poor are getting rich faster than the rich. Basically, the economies of developing countries are growing over twice as fast as those of developing countries.
The net result is that the income of developing countries “will continue to converge with those of wealthy countries. This would imply that countries as diverse as China, Mexico and Turkey would have average living standards roughly comparable to Spain today.”
Stupid developing countries! Why can’t they stay down in their gutters so celebrities can adopt their babies and protesters can trash Starbucks franchises in their name?
I blame George W. Bush.
(Hat tip: Instapundit)