Excellent comment. I'd also point that there are democracies in the world that are orders of magnitude worse places to start a business than Singapore. Singap

Excellent comment. I'd also point that there are democracies in the world that are orders of magnitude worse places to start a business than Singapore. Singapore is consistently rated by the World Bank/International Finance Corporation as the number 1 country in the world to do business[1]. That covers the ease of starting a business, contract enforceability, getting credit, and other metrics that are necessary precursors to getting started. Although China's rise has been the largest in absolute economic terms, Singapore has probably been the fastest. 1. http://www.doingbusiness.org/data/exploreeconomies/singapore/ http://www.doingbusiness.org/data/exploreeconomies/singapore...