In terms of mispriced expectations, it's unprecedented for 1/3 of the world population (<2bn people - India & China) to smoothly transition from 3rd/2nd to 1st

In terms of mispriced expectations, it's unprecedented for 1/3 of the world population (<2bn people - India & China) to smoothly transition from 3rd/2nd to 1st world economies without massive internal 'social unrest' (&/or war). Yet that is what we appear to expect... Hope it's the first time.