Will populism affect the economy badly?
Someone asked me - Mr. Tan, I see the trend towards populism in many countries. I am afraid that this trend will be bad for the economy and for the social cohesion. I gave him this reply. Over the past three decades, the world has grown to be more unequal. Most of the wealth has gone to the super rich - the top 1% of the population....
Gambling
My friend saw the article in the Straits Times about the NRIC episode. He said - you are a public figure. Do not be seen gambling. I replied - I do not mind being seen in the jackpot machine in Genting Dream. (We go on cruise together). I am no hypocrite. If people can gamble on a cruise, so can I. There is nothing wrong about...
Open Electricity Retail Market
The liberisation of the Singapore Open Electricity Retail Market (OERM) only came into being fully in November 2018 and extended to all consumers by zones and until today when I have posted my comments, 5 out of those 22 electricity retailers have quitted. Those 5 companies thst have exited the OERM are Red Dot Power, Energy...
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