06-09-2019, 07:33 AM
I’m saying that free market tends to lead to your definition of “phoney capitalism” just as unbridled capitalism tends to lead to massive poverty-wealth divide that will destabilise the society
The idea of creating competition is not new to Singapore as Singapore Inc tried to do that under Goh era. 2 Broadcast stations, competition in public transport including train lines, privatising shop houses to let market decide secondary price and rental etc
I leave it open for us to contemplate if such idealistic pursuit of competitive environment actually works in real life, without understanding the incentive nature of man, global competing forces, or structural constraints, not to mention policy goals.
The idea of creating competition is not new to Singapore as Singapore Inc tried to do that under Goh era. 2 Broadcast stations, competition in public transport including train lines, privatising shop houses to let market decide secondary price and rental etc
I leave it open for us to contemplate if such idealistic pursuit of competitive environment actually works in real life, without understanding the incentive nature of man, global competing forces, or structural constraints, not to mention policy goals.