25% of Singapore’s major company shares are state owned. Compare with Germany at 11 %, and the US less. Singapore also has a huge state owned SFW which is antithetical to laissez-faire capitalism.
Singapore is a good example of modern feudalism. The ruling family controls everything and if you criticize them you will go to jail.
It is not capitalism at all, and if you think it is, you don’t understand capitalism.
Most Freepers wouldn’t do well there.
http://www.voxeu.org/article/state-owned-enterprises-global-economy-reason-concern
Singapore....
It is working great...whatever form of capitalism it is.
There is no drug problem, no street crime.
No one who wants to work is without a job.
There are 2 million EXCESS jobs in a country of 3.5 million.
(In USA that would mean 175 million excess jobs than people)
Infrastructure makes USA feel like a 3rd world country.
Highways, airport, cruise terminal, hospitals, hotels, etc are world class.
I will take this form of capitalism in a NY minute.