Skip to content

Category Archives: Economics

Follow the money

So the Big Boss Man himself says that:
Western-style liberal democracy is not a prerequisite for growth; instead what is needed is stability of governments… Citing a report by the World Bank, Mr Lee said countries with different systems - from single-party governments to multi-party democracies - can achieve sustained growth, but this must come with [...]

Funny, but still true

In The Know: Are America’s Rich Falling Behind The Super-Rich?
Sounds familiar?

Shame on you Telstra

.flickr-photo { border: solid 2px #000000; }
.flickr-yourcomment { }
.flickr-frame { text-align: left; padding: 3px; }
.flickr-caption { font-size: 0.8em; margin-top: 0px; }

Newspaper Advertisement in Australia, originally uploaded by Mail Order Bride.

Yes, play the nationalist card. That just makes you look and smell so good.

Why Mr Wang is wrong: telling only half the story

Mr Wang says:
On labour freedom, the study gives Singapore the world’s highest score, and makes the following comments:
“The non-salary cost of employing a worker is low, and dismissing a redundant employee is costless. Regulations on increasing or contracting the number of work hours are very [...]

What “the market” demands

This post is cross-posted at Singapore Angle.
Globalisation and neo-capitalism have little regard for talent and merit that do not help sustain them. Hence, while Singaporeans believe that all our talents will be justly rewarded, globalisation is a fussy benefactor that only rewards what the market demands.
– Terence Chong
This post examines three issues: the “old” social [...]