Capitalism

While the anti-capitalist riots continue in Hamburg it should be noted that China opened it markets to capitalism in 1978 and since then over one billion people have been freed from poverty. Additional millions in other Asia countries like India have benefited from market economies. In the 30 years from 1980 to 2010 China’s per capita GDP has gone from $1,000 to $8,000. This is a striking example of the power of free market capitalism.