Taxi and private hire fares should be left to market forces?
Mr Harry Ong believes that taxi and private hire fares should be left to market forces, that high fares will attract more drivers thus driving fares down. (ST Forum, 11/5/22) I am afraid his belief that the free market will correct itself is badly misplaced. The fact is that many sectors of the free market have been cornered...
The Carnage Wrought By A Rentier Society
Yang Zhenhao shared this with me today. It demonstrates the evils of a rentier society. It is the ordinary man who ultimately suffers. “I feel that you are the best person whom I can share this with. Yesterday while having lunch at the kopitiam foodcourt at Jurong East Mrt station, I noticed that so many foodstalls had closed...
Trade disputes between America and China
Someone said that China depends on the American market. China will suffer a severe economic downturn when America imposes more sanctions on China. I disagree. China has a large domestic market and a strong manufacturing capability. For the past several years, it has adopted a strategy of "dual circulation". It is developing...
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