Video: Leapfrogging Nations


Sometimes we presume the guy next door is poorer than we are, and that it will always stay that way.  But people in a free society have income mobility (which also means the rich can lose their money!).  In a similar way, the ranking of the world’s nation is not a given.  Years ago, Argentina was far wealthier than South Korea, which was a third world country.  Here are some of my thoughts about the ways in which the prosperity-ranking of nations changes over time. (Sorry if this sound is a little low, I accidentally hit a switch on the sound system so you will have to turn it up a bit.)  Watch the video here: