SINGAPORE’S FREE MARKET CAPITALISM VS. INDONESIA’S SOCIALISM
These two countries are within a few miles of each other. In fact, you can see the other’s islands from the shores of each country. But the two countries could not be more different. Singapore engages in free market capitalism and their Economic Freedom Rank is 2nd in the world. At the time of this writing they are the 3rd richest country in the world per capita. Indonesia, on the other hand, is governed by a socialist government. Indonesia’s Economic Freedom Rank is 99th in the world and they are the 3rd poorest country in Asia. Imagine having to live in the poverty of Indonesia and witness from your shores Singapore’s prosperity on a daily basis. How frustrating to think that you were born just 28 miles too far from that free market capitalism.
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