http://www.ritholtz.com/blog/2011/11/niall-ferguson-china-masters-the-killer-apps/
6 killer apps that made the west ahead - now shifting to east
1 competition
2 advance of science
3 private property right (rule of law is shifting to rule of lawyers in the US)
4 advance of medicine that doubles life expectancy
5 consumer society
6 work ethics in capitalism
On #3, rule of law is shifting to rule of lawyers in the US. Mean time, China is missing this one!
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