Re:The cost of keeping Singapore squeaky clean
by CryptoPunk on Wednesday October 31, 2018 @12:50AM
(#18343445)
>>Singapore is ruthlessly capitalist, and can be a terrible place to be if you're poor or a foreign worker.
That's an overly simplistic and inaccurate analysis. The protection of private property rights, and the freedom to contract, which collectively you call "ruthlessly capitalist", is what generates the economic opportunities that allow people in Singapore to hire foreign workers.
Without the market rights you are critical of, many of those foreign worker jobs would not exist. If you think the foreign workers would be better off in their home country, you have a naive understanding of migrant labor.
That's an overly simplistic and inaccurate analysis. The protection of private property rights, and the freedom to contract, which collectively you call "ruthlessly capitalist", is what generates the economic opportunities that allow people in Singapore to hire foreign workers.
Without the market rights you are critical of, many of those foreign worker jobs would not exist. If you think the foreign workers would be better off in their home country, you have a naive understanding of migrant labor.