EUROPE is on the brink of collapse, the Arab Spring has taken an illiberal turn, Chinese growth might be faltering, and North Korea's future is questionable. But there are a lot of reasons to be optimistic about 2012.
Bad geopolitical news and economic indicators cloud good news and omens. Disasters - whether economic, social, environmental - are rarely as bad as predicted. And there is no reason to believe that our long-term trajectory of higher living standards, better wellbeing, and more riches will change.
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