Niall Ferguson mesmerised by appearances in Asia fails to see the tectonics of class stuggle in China and India - the rise of the power of the working class in China and the dangerous precariat in India and the demise of the world capitalist imperialist system

See Minqi Li for a analysis of contradictions in China rather than Niall Ferguson's capitalist euphoria.
http://democracyandclassstruggle.blogspot.co.uk/2008/11/rise-of-china-and-demise-of-world.html

Concerning Gujurat, Ferguson's example of capitalist euphoria India see Arundhati Roy in the video above Capitalism a Ghost Story for another more informed view of India's development.