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. Read More
Anti-Americanism from abroad would not be such a problem if Americans were united in standing up for their own country. But in this country itself, there are those who blame America for most of the evils in the world. On the political left, many fault the United States for a history of slavery, and for continuing inequality and racism. Even on the right, traditionally the home of patriotism, we hear influential figures say that America has become so decadent that we are “slouching towards Gomorrah.”
But the critics are wrong about America, because they are missing the big picture. In their indignation over the sins of America, they ignore what is unique and good about American civilization. Read More
Rest in peace Mr. Lee Kuan Yew.
Modern day Singapore would not exist without this extraordinary man. Just like America's founding fathers, he was willing to do some of the hard things that make a nation prosperous. Free markets, capitalism, anti-welfare, and no minimum wage helped Singapore prosper. Despite the lack of individual liberty for Singaporeans, the man understood free markets and capitalism and his economic policies were the reason he was able to turn Singapore from a third world country into a first world country in a matter of a few decades. He elevated the lifestyles of all Singaporeans significantly. Read More