Singaporeans have been shortchanged because of the PAP‘s policy
Lim Tean said that the most urgent task is to stop the wealth transfer from citizens to the state. I cannot agree more with this. For example, HDB would build new BTO flats and sell them to Singaporeans at a discounted rate relative to the resale market prices. They consider this a ‘subsidy’, and a policy which Singaporeans...
Capitalism over Democracy
Following the collapse of the Soviet Union 30 years ago, American economic advisers convinced Russia’s leaders to focus on economic reforms and put democracy on the backburner – where Putin could easily extinguish it when the time came. This is no trivial historical contingency. Had Russia become a democracy, there would...
Damaged Reputation
Click to enlarge I was exceedingly amused by the letter written by the President of the Chinese Chamber of Commerce & Industry regarding the leak of the audio recording of Minister Chan Chun Sing’s rant at a private meeting with business leaders. His letter expressed the fear that its standing of “high repute” has...
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