"Singapore is indeed a country where rich people run pretty much everything and where the finance sector holds primacy. It's also an autocracy run by a dynastic series of strongmen who have expropriated 90% of the land on behalf of the state, which owns nearly all the nation's housing, and whose sovereign wealth fund has a serious stake in most of the country's significant businesses.
"Singapore is a template for what China hopes to become: a state that uses surveillance, selective law enforcement, and claustrophobic control over individual behavior, in tandem with market systems, to create wealth and (above all else) stability -- perpetual rule for the people on top."
"Singapore is indeed a country where rich people run pretty much everything and where the finance sector holds primacy. It's also an autocracy run by a dynastic series of strongmen who have expropriated 90% of the land on behalf of the state, which owns nearly all the nation's housing, and whose sovereign wealth fund has a serious stake in most of the country's significant businesses.
"Singapore is a template for what China hopes to become: a state that uses surveillance, selective law enforcement, and claustrophobic control over individual behavior, in tandem with market systems, to create wealth and (above all else) stability -- perpetual rule for the people on top."