[Scythian]

Malaysia falls one spot to No. 3 in The Economist’s crony-capitalism index for 2023, Singapore at No. 4..


Russia remains at the top of the list of 18 countries measured by the index followed by the Czech Republic. Russian oligarchs’ wealth accounted for close to a fifth of its GDP.

Singapore sat at number four in the index, where the total wealth of the country’s billionaires that profited from “crony."

Overall, the wealth of crony billionaires had risen from US$315 billion or 1 per cent of GDP 25 years ago to US$3 trillion (RM13.37 trillion) today or double in GDP terms, according to the UK-based business magazine, which noted that almost two-thirds of the increase came from the United States, China, India and Russia.

[Sticw]

Sg govt never pofma this?

[Scythian]

Sg govt never pofma this?

The Economist issued the first Crony Capitalism Index  many years ago.

[Manthink]

The Economist issued the first Crony Capitalism Index  many years ago.

I am abit surprise to see the Communist China falling behind in this Crony ranking from the likes of smaller ASEAN countries, democracies like India, UK and famously neutral Switzerland...

[Scythian]

I am abit surprise to see the Communist China falling behind in this Crony ranking from the likes of smaller ASEAN countries, democracies like India, UK and famously neutral Switzerland...

Why The Economist thrusts Singapore cronies into the limelight?

Obviously, CPF members savings, the largest stand alone single cash cow being exploited

[Rainforest]

Sg govt never pofma this?

Hahaha

[Scythian]

.
How come Malaysian Govt can improve while Singapore can't?

They done it within short one year - Singapore leaders cannot do.

[Scythian]

.

Left W/O improvement for donkey years, Singapore leaders should start learning from Malaysia.

Something must be done asap

[Manthink]

Why The Economist thrusts Singapore cronies into the limelight?
Obviously, CPF members savings, the largest stand alone single cash cow being exploited

Why Scythian fail to check Economist's story is nothing new about SG nor about "thrusting" the Republic into what he consider as "limelight".

Obviously his Australian experience for some unexplained reason has increase his hate on SG....

[grotesqueness]

Sg govt never pofma this?

Cannot cause it will end up in USA court not PAP kangaroo court where those judges in USA doesn't not suck PAP elite cocks

[aiptasia]

Everything in Singapore is owned or has active participation by the government ie Temasek. I bet you China has more free enterprise than the likes of Singapore. It is never the Pappies' interest to build a local version of a Samsung, Huawei, Sony, etc as it becomes too powerful for them to control. Hence, the high ranking.

[Scythian]

.
Malaysia has improved shows Singapore is getting from bad to worse.

SG leaders not arresting the situation.

[Manthink]

Malaysia has improved shows Singapore is getting from bad to worse.
SG leaders not arresting the situation.

Why then you leave M'sia, like millions already had ?

Yes, I agree SG has gone from bad to worst for being overcrowded. 

https://www.straitstimes.com/asia/brain-...r-minister

[Scythian]

Cannot cause it will end up in USA court not PAP kangaroo court where those judges in USA doesn't not suck PAP elite cocks

President Biden told PM Lee, you are not invited to The White House.

110 participants don't need your attendance @ the democracy meeting.

Americans do not welcome autocrat to USA, most democratic country.

[grotesqueness]

President Biden told PM Lee, you are not invited to The White House.

110 participants don't need your attendance @ the democracy meeting.

Americans do not welcome autocrat to USA, most democratic country.

PM lee reply

Heng ar

I can hypnotized Singaporean to get them pay me my greedy million dollars paycheck

Heng ar

No need USA democracy to pay me my greedy million dollars paychecks

Heng ar.......

[Scythian]

PM lee reply

Heng ar

I can hypnotized Singaporean to get them pay me my greedy million dollars paycheck

Heng ar

No need USA democracy to pay me my greedy million dollars paychecks

Heng ar.......

So what if Singapore swap places with Malaysia to become No.3 in 2025.

Singaporeans have no say.