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How did China manage to end absolute poverty

Summary:
Hawks vs the Doves  The Western way to wealth : imperialism, wars of acquisition, piracy. A zero sum game. China’s way to weath: invest to grow the economy: invest in infrastructure and the people (education) - a plan for all poor countries. People create wealth. A wealthy Africa means more customers. Win, win. Invest in protecting the environment - the long term returns will be good. [embedded content]

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Hawks vs the Doves 


 The Western way to wealth : imperialism, wars of acquisition, piracy. A zero sum game. 

China’s way to weath: invest to grow the economy: invest in infrastructure and the people (education) - a plan for all poor countries. People create wealth. A wealthy Africa means more customers. Win, win. Invest in protecting the environment - the long term returns will be good. 




Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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