Socialism Revisited
In 1967, LKY had pleaded with President Lyndon Johnson to remain committed to the Vietnam War and also that we needed to export to US (cotton textiles) and to attract their private capital. Quid pro quo LKY did several interviews in US supporting Lyndon Johnson’s position which was becoming unpopular with American students...
The Problem with Rent Seekers
The signs are ominous, taxi drivers are in a dying industry. The move towards the driverless car is here: 1. French Company Indut and NTU tested a self driving electric vehicle at CleanTech Park. 2013. 2. Singapore-MIT Alliance for Research and Technology (SMART) launches first Singapore-developed driverless car designed for...
The Endowment Effect on PAP supporters
There was an experiment where students were asked to choose between chocolate bars and mugs; 44% chose the chocolate bar. Then some were given chocolate bars, and they were asked whether they would exchange it for a mug, 90% chose not to, likewise for those given the mug only 11% chose to exchange. Linguistically this has been...
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