Capitalism over Democracy
Following the collapse of the Soviet Union 30 years ago, American economic advisers convinced Russia’s leaders to focus on economic reforms and put democracy on the backburner – where Putin could easily extinguish it when the time came. This is no trivial historical contingency. Had Russia become a democracy, there would...
Jacinda Ardern would put our incompetent and overpaid Ministers to shame
If you have been following the news in the past few weeks, you will know that everybody seems to be suffering. F&B businesses are facing drastic increases in electricity prices, whilst the lower income are feeling the pinch when food and drink prices at hawker centers are on the rise. Yet, the PAP seems to be deaf when they...
Checks and balances – a practical approach
Many people think that it is useful to have an effective system of "checks and balances". In reality, this system has its drawback. It can result in paralysis. Nothing can be done. The real problems are not addressed. This is the state of affairs in America. There is a case for "checks and balances" to stop the bad decisions...
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