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Funny you say this. The Singaporean government owns huge chunks of the media, they run the pension system, almost all real estate is managed via the HDB, Temase
by ashconnor 3y ago
Funny you say this. The Singaporean government owns huge chunks of the media, they run the pension system, almost all real estate is managed via the HDB, Temasek holdings owns large portions of Singapore's largest companies and makes up over 50% of their GDP.
Does it have a laissez-faire economic system? To a degree. But it also has a level of state intervention that would make France blush.
- purrcat259 3y agoRecent governments in Malta have been moving in this direction so maybe there's a playbook :). The issue we face is that given how tiny and few we are (approx 500k Maltese, excluding what are referred to ad TCNs or third country nationals), is that its hard for the government to do anything without looking like someone favoured their cousin's wife's uncle's nephew.