Confucianism & Rule of Law
Our deceased sage, LKY was asked, what is Singapore’s economic advantage? LKY: “Such as where the Rule of Law (my emphasis), intellectual property and security of production systems are required, because for them to establish that, it will take 20 to 30 years. We are concentrating on bio medicine, pharmaceuticals and all...
Lack of transparency in government’s budget means its position cannot be challenged
"Singapore had $190b cash (Budget) surplus between 2005 to 2014?" is the headline of a TOC article. Is this such a surprise? Is there even a need to add a "?" at the end of the statement? That the government has run cash surpluses far beyond what is reported in the budget and what the state-controlled media dutifully reported...
Global flow of Capital
Noam Chomsky said, there are perhaps two honest politicians in the world today. One is Bernie Sanders, and the other Yanis Varoufakis. Varoufakis was the former Greece Finance Minister who resigned after Greece caved-in to the Trioka. Here, I am reproducing some of his thoughts on the flow of capital. As most things in life,...
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