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housing subsidy beneficiary
@FakeMarinetti
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Upper middle class IYI midwit dummy , angehende Haus- und Volkswirtin
1100 she/her
Joined February 2020
@unes33501870 Now I'm gonna cook some Malaysian curry and end this discussion. Was nice talking to you!!
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@unes33501870 I just wanted to make clear that Singapore has very heavy government control over nearly everything, which is pro-business, but it's still directed by the government.
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@unes33501870 It's very much not open to immigration anymore but China basically matched all of these criteria as well and you wouldn't call that an example of low intervention capitalism or whatever when all the investment is state directed. Like it is in Singapore.
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@unes33501870 That's an innovation index, most innovative people in Singapore are employed by large established foreign corporations looking to profit from the best educated population in the world
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@unes33501870 I probably agree with you on most policy issues if you're a free market liberal and like the Singaporean healthcare system, but I'm very autistic about that country and dislike seeing it branded as an example of free markets at work, which is just not the case
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@unes33501870 GEM Monitor: Singapore is behind every Nordic country and a full 20 points behind Sweden.
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@unes33501870 What it means in praxis is encouraging FDI spending with wage suppresion and a very competitive tax code and a lax regulatory regime
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@unes33501870 Yeah, it's kind of tricky isn't it, but it's still money allocated by the government instead of people themselves, and debt using CPF money as collateral is instrumental in funding the very high public expenditures Singapore sees
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@unes33501870 blockages around spending tax money in democratic societies. Singapores continuing growth is mostly a result of very large public sector debt growth, that is hidden from ratings agencies by the CPF-Ministry of Finance split
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@unes33501870 Yes, the government makes the spending decisions for people, resulting in less welfare, poorer and fewer housing, and obviously a far less liberal society. They compensate this by stripping desperate immigrants of their rights and making them serve Sinkies at below-market rates.
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