Planet Money reports on Asia’s millionaires: “For the first time, Asia’s millionaires have more money than Europe’s millionaires, according to a new?report.” Asia’s millionaires now control $9.7 trillion, compared to European millionaires’ $9.5 trillion. Furthermore, “[e]ight of the world’s 10 fastest-growing millionaire populations are in Asia.” Perhaps Gary Becker is right about the world’s new “center of economic gravity.”[%comments]
The Millionaire Not Next Door
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I am chinese , my country is very corrupt.Most of the millionar bride our government officers.The chinese economic growth mainly based on the government investment or the high price of the estate.Rich government, poor people! very bad.
Always put your belief in doubt, that’s the good thing to do. Remember how long it took asian countries like China, Vietnam to finally adopt capitalism? We are still in the process of building a better world, and ‘how’ is yet a question without an ideal answer. China can be right or wrong.