In his native country Australia, media mogul Rupert Murdoch recently delivered a speech about the future of India and China and their importance in remaking the global order. From AP:
He said China and India are great countries whose people are only recently emerging from long histories of being “incarcerated by communism or caste.” The rise of their economies is creating a new middle class that would be three billion strong within 30 years and that is setting a new benchmark for global competitiveness.
“The world has never seen this kind of advance before,” Murdoch said. “These are people who have known deprivation. These are people who are intent on developing their skills, improving their lives and showing the world what they can do.”
Murdoch, whose New York-based conglomerate includes Twentieth Century Fox, Fox News Channel, Dow Jones & Co. as well as newspaper stables in Australia and Britain and the online networking site MySpace, described the global financial crisis as one of many challenges facing Australia.He said China and India are great countries whose people are only recently emerging from long histories of being “incarcerated by communism or caste.” The rise of their economies is creating a new middle class that would be three billion strong within 30 years and that is setting a new benchmark for global competitiveness.
Read more of CDT’s coverage of Murdoch.
