The Laughing Man

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before. The income of the average Ethiopian has doubled in a decade; the number of people living in extreme poverty has dipped below 10 per cent for the first time in history; malaria mortality has plummeted; war has ceased altogether in the western hemisphere and become much rarer in the Old World, too; frugal LED lights have replaced both incandescent and fluorescent bulbs; telephone conversations have essentially become free on Wi-Fi. Some things have got worse, of course, but most trends are positive. All this is due to innovation.
How Innovation Works: And Why It Flourishes in Freedom
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