Here's a remarkable piece by Professor Tyler Cowen in the New York Times. I could not agree more. And here is his follow up blog post. I love how he ends the piece:
Again, I'd like to stress the general point that most American-born economists are not sufficiently cosmopolitan in their thinking and writing.
What he essentially argues is that the world has become a much happier place over the last 10 years. Multitudes in India, China, Brazil and Indonesia have become come out of extreme poverty and moved up into the middle class.
History will probably judge this decade as one of the most successful in human history. Because the third world is filled with humans too.