Too bad he´s wrong. There will be billions of socialist slaves, not middle class consumers.

With wealth comes laziness and envy. And votes bought.

Reagan was President during my teen years. We could sure use him now.

So, what is the goal of global Socialist/Communist movement?

Is it to prevent such a boom from happening, or to attempt to take credit for it while installing some form of global governance?

My God, but I miss Ronald Reagan.

He was the only Republican I´ve ever seen who was absolutely fearless about stating the TRUTH, both to enemies abroad and America´s enemies in the Democrat Party/Democrat Media complex.

Simple, #4. To confiscate by force the money and property of those who earn it, and distribute it to those who don´t, thereby giving the latter the incentive to keep in power those who do the taking.

Sound familiar?

Very interesting, my only complaint, the link to the full conversation isn´t working.

It must have come as a bit of a shock to poor Gorby when he realized Reagan wasn´t the dunce he was made out to be.

Jesus told us that the poor and the hungry would always be with us. It doesn´t take a genius to understand that most of the population boom is in the under-developed countries where the masses are kept poor and uneducated in order to enslave them to corrupt government officials.

Perhaps Mr. Meyer is off on this one as it relates to the present and future times.

"•By the way it’s going to be a five billion-person middle class. This will become the most powerful force in the world. Their demand for our goods and services will set off an economic boom…"

Change the word "our" to "these" and then pound the Americentric assumption from your head and I can agree with him. The demand for goods will be huge, billions will ascend from poverty but the goods and services will very likely NOT be made in America nor porvided by Americans.

The goods and services will be provided by economies not caught in suicidal regulatory swamps. Money is not hindered by borders, and in the future the markets clamoring for goods will not be only Western Europeans and Americans. It will be a much larger portion of the globe.

By the way, they will be middle class societies because their people will be working. They will make their own goods and provide their own services and they will do it far more cheaply and efficiently then we can. They will be selling to us, not the other way around.

Excellent interview. One of my favorite Reagan moments was when he walked out of the Reykjavik meetings with Gorbachev. The MSM went berserko. The result was classic.

I love the Reagan ´rats´ story, about the difference between communists and scientists. Can you imagine the impact that must have had on Gorbachev?

Nice review of what happened with Reagan.

That remains the most glorious time of recent American history.... IMHO.

This fellow must be over 65, and clinging to the America we grew up with. It´s over. We need to take a look at the REAL world and see where we CAN fit anymore. Unless we can reign in Obama with the mid term elections, we´re looking at a whole different world than this guy is imagining.

Mr. Meyer may be missing in the Democrat´s socialist/communist America of today, the same inevitable economic implosion and collapse that he foresaw in the communist Soviet Union. As Maggie Thatcher said, they eventually run out of other people´s money, and when we run out of China´s money, the jig is up. In fact, even before that, when Mr. Bernacke´s rigging of interest rates runs out of steam, and the rates rise, as they must, America´s ability to service her debt will fail, as so will she. Obama´s debt has driven a stake through the heart of the American economy.

#14 in full agreement.

It is difficult to have any hope for the future when 57% of the American people think Obie is doing a good job. This after he taxes the producers, and gives huge tax breaks to his rich friends and crony companies. Then flies to Hawaii to complete a 7 million dollar +++vacation.

57% are fools.

Reagan was great because he would not allow the media to make him feel guilty for being conservative. On the other hand, he accepted a huge amount of spending in order to get his military spending. He signed the Ted Kennedy Amnesty. And he jacked up Social Security taxes on thirty-somethings to pay for his generation´s cushy deal. A mixed bag, for sure.

Herbert E. Meyer may be genius but the reporter interpreting him - Jerry Bower - appears to be a classic open-borders business theory wonk. I´ll have to pass on any insights he may claim to have about Reagan.