After a few days or more reflective and philosophical pieces we will return to Economics and Finance later today. The conclusion of our detour was that economic progress - when properly managed - is everything but a root of evil.
The problem is not so much economic development itself b...ut more the mismanagement by governments. To a certain extent this is no surprise. After all: dozens and more of politicians either entered the political arena because they had no appetite or talent for business and vice-versa tons of business people did only have an appetite for money in their own pocket and not the combined pockets of all citizens in a country.
The few exceptions of politicians that ran their country like a business, with strict planning and proper management, indicate that Obama's YES WE CAN does also apply to economic development.
Best example to date: LKY's Singapore, but the way in which the Chinese leaders - starting with Deng - redesigned their economy was also impressive. And there are more examples.
The Man Who Made a Country
LKY: Biggest Statesman of the Century or Biggest Businessman?