That’s because ‘it is known’ is bullshit. Singapore is one of the most socialist places on the planet. - Most people work for the government for example. PSD (

That’s because ‘it is known’ is bullshit. Singapore is one of the most socialist places on the planet. - Most people work for the government for example. PSD (public service is the largest employer). Temasek, controlled by the Singapore Minister of Finance owns the every major local company (Singapore Airlines, Captialland, DBS, JTC, etc). - The housing market is 80% HDB and directly government controlled - The tax system is very progressive with foreigners paying a lot and locals collecting a lot of subsidies. People in the US swoon about capitalist wonderland when in reality Singapore is the strongest case for government run economy you can probably find because it a actually works quite well to keep the country competitive and extract maximum value for the population. Go ahead, verify it.