David Brooks on World Prosperity

November 27, 2004

David Brooks has an interesting column on world prosperity today that flies in the face of conventional wisdom. Here’s his lede:

I hate to be the bearer of good news, because only pessimists are regarded as intellectually serious, but we’re in the 11th month of the most prosperous year in human history. Last week, the World Bank released a report showing that global growth “accelerated sharply” this year to a rate of about 4 percent.

He better not persist with such optimism if he wants to keep his coveted position at the New York Times.