4 ms·
Singapore is an excellent example of how easy it is for governments to encourage a vibrant economy. 40 years ago it was literally a third world country. They
by mrschwabe 15y ago
Singapore is an excellent example of how easy it is for governments to encourage a vibrant economy. 40 years ago it was literally a third world country. They changed strategy and it wasn't rocket science. Less taxes, less interference = thriving business environment.
- cdf 15y ago"Less interference"? The Singapore government left their fingerprints everywhere here. If you want to hold Singapore up as an example, you are really advocating the government poking their nose into everything. How would you like to have all your telcos, transportation companies, media companies, all owned or controlled by the government? Welcome to Singapore.
- mrschwabe 15y agoTrue, true - my bad - the tax structure is pro-enterprise but you're exactly right the government there is overreaching. And not setting a good example for civil liberties either - a bag of weed can get you sent for execution!