Friday, September 27, 2013

Rags to Riches

This is an interesting documentary titled "IT figures" shown on channel news asia that decodes Singapore's journey from rags to riches.

In the video, it discusses things like why are the rich getting richer and the poor getting poorer? 

Singapore is wealthy but why don't we see it distributed to majority of the people?

Economic concepts like GDP, wage sharing, Gini Coefficient are also discussed in a simple and illustrative way. I feel they had done a very good job to explain these concepts in a easy to understand way. Most people would be able to understand it. 

Watch it here (Channel news asia has removed the video. So sorry to those who missed it.)

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  1. Poor only have their Human Asset while the Rich have both Human Asset and Financial Asset.

    Financial Asset can grow beyond recognition. How can Rich not be Richer?

    Read more? Human Asset and Financial Asset

  2. Hi Uncle CW,

    It was reported that there were more millionaires in Singapore and most of them got their wealth through stocks and properties. The poor stay poor and work harder while the rich get richer.

    Thanks for sharing the article. Nice illustrations with a good meaning.

  3. I love this series. Hope they will have season 3 !

    1. Hi Alex,

      I love it too. They really did a good job in explaining the concepts in a clear and concise way. Would love to see season 3 also.

  4. Strange, this link is no longer available and it's only a week old. CNN must have removed it . . I miss watching it.

    1. Hi Unknown,

      You're right. They removed it. :(