Friday, September 17, 2010

Poverty trap?

Are we following America into a poverty trap? Read www.easyapps.sg/sgep/latest.aspx.

2 comments:

kk003 said...

The poverty trap happens in Japan too and i think Singapore will soon follow. Basically cost of living is beyond ordinary citizens once the rich-poor income gap widens.

Landon Leo said...

History seems to repeat itself. I have considered the possibility of the fall of the Roman Empire parallel to what America/Singapore/Japan are experiencing today.

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