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I was surprised to see you say "The government owns much of 'private' enterprise". Singapore is known as one of the most economically free countries in the wor
by barmstrong 16y ago
I was surprised to see you say "The government owns much of 'private' enterprise".
Singapore is known as one of the most economically free countries in the world, consistently outranking the U.S.:
http://en.wikipedia.org/wiki/Index_of_Economic_Freedom_historical_rankings http://en.wikipedia.org/wiki/Index_of_Economic_Freedom_histo...
One measure of the percent of private industry the government owns is the tax rate (just as an investor would earn a percent of profits based on his ownership, so does the government). As the article points out, Singapore's tax rate is 12% while the U.S. is 44%.
You mention some specific companies which I'm not familiar with, but overall, wouldn't it be more accurate to say "the government owns the least amount of private enterprise compared to almost any country in the world?"
- avoidinglawsuit 16y ago"In 2008, The Economist reported that Morgan Stanley had estimated the fund's assets at US$330 billion, making it the world's third largest sovereign wealth fund." That's in addition to Temasek Holding's ~US$100 billion. http://en.wikipedia.org/wiki/Government_of_Singapore_Investment_Corporation http://en.wikipedia.org/wiki/Government_of_Singapore_Investm...
- Avshalom 16y agoI'm pretty sure Newy mean 'owns' in a pretty literal sense http://en.wikipedia.org/wiki/Temasek_Holdings http://en.wikipedia.org/wiki/Temasek_Holdings
- barmstrong 16y agoGotcha - yur right.