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A comment on Timothy Snyder on How the Collapse of the Soviet Union Took America by Surprise. Parent comment

Re:Timothy Snyder on How the Collapse of the Soviet Union To... by ziggyzecat on Sunday September 22, 2024 @06:14AM (#41616035)
Singapore
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Re:Timothy Snyder on How the Collapse of the Soviet Union To... by hatenberg on Sunday September 22, 2024 @06:27AM (#41616076)
Singapore has a great coat of paint over its economic system so westerners think it’s pure capitalism but that’s a mirage.

- The majority of locals work directly (PSD, Government, Education) or indirectly (Temasek / GIC owned entities like CapitalLand, Surbana, Singapore Airlines, the three local banks, etc.

- 80% of the property market is directly under government control (HDB), with 20% heavily regulated but “free”

I could go on, but Singapore works precisely because it’s not free for all capitalism but a tightly controlled economy that makes sure the country benefits

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Re:Timothy Snyder on How the Collapse of the Soviet Union To... by orwin on Sunday September 22, 2024 @09:43AM (#41617022)
Singapore is like the 5th most communist country in the world.
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