Cost-of-living is political
In an exchange that is worth some attention, we have Ng Kok Lim giving a rebuttal to an economist (Martin Bodenstein) from NUS on the latter’s justification of his version of neoclassical economics which is a form of neocolonial economics. Bodenstein gave a response (it appears in the comments section below NKL’s post) which...
Can the Internet democratize Singapore?
Friends, The quotes below come from a piece that should be read carefully and pondered over: “Can the Internet democratize capitalism?” by Yanis Varoufakis. The essay first appeared on his blog. Quote 1: Singaporean workers have no real political freedoms (e.g. no free press). Their citizenship is curtailed by an oppressive...
Property rights (3)
Part 3 – Inadequate Compensation Ivy Singh-Lim, 24 August 2011 We live in a beautiful and blessed country. My father was a very large land owner in Singapore. Just to tell you how large an estate we owned, the whole of Simei belonged to my family. The Government acquired 95% of our land which was equivalent to 6 million...
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