Free Trade Agreements (FTA)
FTAs are actually investor rights agreements, rather than free trade agreements. Investors pumping hundreds of millions of dollars into a foreign country want a guarantee that their investments will be protected by the government. As to freeing up trade, tariffs between major trading nations are already very low or non-existent....
Economic loss following a bad decision
One cruise was called back a day earlier due to an infected passenger (it turned out to be a false alarm). 1,600 passengers spoiled their holiday. The next cruise was cancelled. Perhaps another 1,600 passengers spoiled their holidays. All for what? For over reacting to a mild infection. The common sense approach is to confine...
Wake Me When Davos Is Over
If you read Adam Smith in the "Wealth of Nations" you will find that he recommends to be careful of the capitalists when they get together in clubs: they all conspire to rise the prices of their goods. He wrote that "People of the same trade seldom meet together but the conversation ends in a conspiracy against the public, or...
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- Singaporeans R Free Riders on The fate of Singapore
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