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2012/07/23

China Quotation of the Day: Now that China has embraced Capitalism...

From Luigi Zingales' book called From A Capitalism for the People: Recapturing the Lost Genius of American Prosperity:

"The good news is that, over the past 65 years, American values have spread across the globe. Most communist countries and autocracies have become democracies. Today, 55 percent of the people in the world live in democracies. Now that China has embraced capitalism, only 2 percent of the people in the world live under truly communist regimes. And much of the world has embraced basic market principles. Generalized education has become the rule not the exception: a full 71 percent of the people living in OECD countries have high school degrees. In short, America has succeeded in nation-building after all...not by force but by example."
 BookTV: Luigi Zingales, "A Capitalism for the People"


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