Tuesday, March 29, 2016

Go East, Young Man or Woman, Go East

The Economist - it's easier to become a billionaire in Asia than the USA:
The American dream of going from rags to riches appears more achievable in developing Asia than in America itself, which seems ever more in thrall to vested interests.
Not only are more billionaires being created, they are less reviled:
This may be because emerging-market billionaires seem more dynamic: more than half of them are under 60 compared with less than a third in the rich world. But it is partly because in the emerging world ordinary people have been getting richer alongside the billionaires; in the rich world ordinary people have seen their incomes stagnate.

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