haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Wealth Over the Edge | WSJ.Money Spring 2013 - WSJ.com
What do rich people see in Singapore? Maybe a government that agrees with them that creating wealth is better than destroying it with redistributionist policies. It probably doesn't hurt that a very tight lid is kept on crime.
I believe I read recently that when Lee Kuan Yew first joined government in Singapore, the per capita GDP of Singapore was about $1000. Now it is over $50,000. He is in semi-retirement but still very important in the country.
A country with essentially no resources other than its people and its crossroads location shows how it can be done.
It will be interesting to see if it can resist "modernizing" and "democratizing" forces that might challenge its pro-economic development stance.
At least since WW2 democracy has been linked with economic progress. But lately, the biggest and oldest democratic states are pretty much broke and on life support of one kind or another. The states with rapid growth are sometimes not democratic at all, such as China, or imperfectly democratic such as Singapore, Russia, etc.
We will have an interesting next few decades.
Ha
What do rich people see in Singapore? Maybe a government that agrees with them that creating wealth is better than destroying it with redistributionist policies. It probably doesn't hurt that a very tight lid is kept on crime.
I believe I read recently that when Lee Kuan Yew first joined government in Singapore, the per capita GDP of Singapore was about $1000. Now it is over $50,000. He is in semi-retirement but still very important in the country.
A country with essentially no resources other than its people and its crossroads location shows how it can be done.
It will be interesting to see if it can resist "modernizing" and "democratizing" forces that might challenge its pro-economic development stance.
At least since WW2 democracy has been linked with economic progress. But lately, the biggest and oldest democratic states are pretty much broke and on life support of one kind or another. The states with rapid growth are sometimes not democratic at all, such as China, or imperfectly democratic such as Singapore, Russia, etc.
We will have an interesting next few decades.
Ha
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