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I think NAFTA, the World Bank, the WTO and all the rest of the multinational apparatus wouldn't exist if open-eyed capitalists didn't recognize there were more financial opportunities among emerging markets and developing economies than there were among stable democracies.

The Iraq War was very good for a large group of businesses. So are the water wars of South America. I think things will stabilize in a much better place but it's gonna be decades and decades.