Confucianism & Rule of Law
Our deceased sage, LKY was asked, what is Singapore’s economic advantage? LKY: “Such as where the Rule of Law (my emphasis), intellectual property and security of production systems are required, because for them to establish that, it will take 20 to 30 years. We are concentrating on bio medicine, pharmaceuticals and all...
Global flow of Capital
Noam Chomsky said, there are perhaps two honest politicians in the world today. One is Bernie Sanders, and the other Yanis Varoufakis. Varoufakis was the former Greece Finance Minister who resigned after Greece caved-in to the Trioka. Here, I am reproducing some of his thoughts on the flow of capital. As most things in life,...
Iceland & Post Globalization
An interesting but often ignored in the globalization debate is the story of Iceland. One of the most memorable reply to the question why Iceland didn’t fail as many had predicted came from former President of Iceland, Olafur Ragnar Grimmson: “We were wise enough not to follow the traditional prevailing orthodoxies of the...
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