Free market

Nick Kristof wrote an op-ed in the NY Times showing that 2017 was the best year in history for the world. Fewer people lived in poverty, fewer children died, life expectancy increased and disease was on the wane. One of the causes is the growth in free market economies. Africa’s rapid growth is down to industry and free markets Africa is going to go from a $2 trillion economy today to a $29 trillion economy by 2050 China, the world's second-largest economy, is on a very long march from a closed communist system to some form of capitalism. India's economic-reform era is actually an era of a revolution of choices created by markets. In fact, many now believe that choice and competition are the ultimate antidote to many economic problems in the country