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Billionaire wealth % of GDP has increased for most countries from 2001 to 2022

1 interesting observation:

Malaysia % of billionaire to GDP increase a lot from 2001 to 2010, but stagnant since 2010. But the developed countries (OECD) has increased tremendously.

People will think that's a bad thing, but having a low % is actually even worse. Because in Malaysia, most billionaires are billionaires because they are given "monopoly" in certain industry. But Malaysia is a small country, there is a limit to how big the monopoly can grow to, that's why billionaires % of GDP stop growing since 2010.

Unlike the billionaires in developed countries (OECD), most of them are self made billionaires. For them to become billionaires, they must create a lot of values. The values created will then flow into the economy, inspire and create more value and billionaires. It's creates a virtuous cycle of prosperity.

This differences in the % of billionaire wealth to GDP in Malaysia when compared to developed countries, arises from the intention of how our economy is formed.

Malaysia, or rather Malaysian leaders have always strive for Equality of Outcome, but most successful countries are striving for Equality of Opportunities. But are our leaders wrong for striving for Equality of Outcome? There are more nuances than just a "right" or "wrong".

Malaysia is a country formed out of alliance from different races and cultures, so maintaining safety, stability and balance is more important than being rich. This has been true historically, now and will remain to be true in the future. What is wealth when social instability will create war to destroy it right away?

You didn’t subscribe to us to see us discuss about politics and racial issues. But historical context matters for us to predict the future in investing, so here comes the real takeaway.

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