SG Talk

Singapore Climbs to 3rd Place on Crony Capitalism Index, Fueling Concerns Over Close Ties Between State and Big Business

https://theindependent.sg/singapore-cron...ndex-rank/

now then realize?

(08-04-2024, 02:16 PM)Bigiron Wrote: [ -> ]Singapore Climbs to 3rd Place on Crony Capitalism Index, Fueling Concerns Over Close Ties Between State and Big Business
https://theindependent.sg/singapore-cron...ndex-rank/

So what's new? Iswaran's case shows the close relationship that our politicians enjoy with our captains of industry - including many who are their former classmates, friends and of course, family members. 

The leaders come and go from GLCs.
Goh Chik Tong was from NOL

After that David Lim went to NOL

It's like musical charis for our.elites

Not much difference from colluption

The Economist's measurement of crony capitalism is a joke. They just label entire sectors as crony sectors. Really crazy.

I think quite a few articles have written about this particular useless measurement from The Economist.

OK, found one: https://www.academia.sg/academic-views/s...e%20below).


https://en.wikipedia.org/wiki/Crony-capitalism_index

(08-04-2024, 05:52 PM)Levin Wrote: [ -> ]https://en.wikipedia.org/wiki/Crony-capitalism_index

Some of the countries' ranking are lower due to the following:

The index has been criticized as being a misnomer, as it does not actually calculate the full situation as to what constitutes as crony capitalism, by leaving out crucial sectors or situations such as South Korea's chaebols, Japan's zaibatsu, or lobbying by American companies to the United States Congress such as Google, Facebook and Apple in return for favorable policies and tax schemes, among others.

(08-04-2024, 05:21 PM)sgbuffett Wrote: [ -> ]The leaders come and go from GLCs.
Goh Chik Tong was from NOL

After that David Lim went to NOL

It's like musical charis for our.elites

World's Musical chairs Champion

(08-04-2024, 02:16 PM)Bigiron Wrote: [ -> ]Singapore Climbs to 3rd Place on Crony Capitalism Index, Fueling Concerns Over Close Ties Between State and Big Business

https://theindependent.sg/singapore-cron...ndex-rank/

I thought it's No.1

.
News Recorded 1% of Singaporean families owned almost 40% of Singapore's wealth..

(08-04-2024, 02:25 PM)wulala Wrote: [ -> ]now then realize?

The same scenario like money laundering. Years back, someone already whistle blow and they said no such thing. Now then knows.

The method of defining cronyism is not entirely logical but there is some basis. For example, have you wondered why the property developers got an extension to the absd deadline?

Dont make me laugh when the team speaks about meritocracy.

(08-04-2024, 05:25 PM)WhatDoYouThink! Wrote: [ -> ]Not much difference from colluption

In Malaysia, the politicians steal public funds when they are in power. 
In S'pore, our leaders are more savvy; they decide each other's mega salary so it is legalised. 

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Singapore is in a mess and politics is not as clean as Singapore image

Singapore imposed sanction on Russia

But someone still allowed to buy a very large volume of cheap Russian diesel