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acrooks | 20 days ago
Singapore is a business masquerading as a country. While it is technically democratic, in practice there are some barriers preventing truly free and fair elections. That being said, the leaders in Singapore are not corrupt and truly do focus on what's best for the country. As a result decisions are made quickly, for the greater good, and are not politically driven. The leadership have the latitude to make decisions that they believe will make the country better. Sometimes these decisions don't have a lot of public support (because people are naturally more short-sighted) but, because of the political system, they don't need to rely on public support.
In the case of Singapore, I think this dynamic has led to a compounding effect of good decisions that have put the country in such a strong place today. You see this similarly with Norway's oil fund; it was likely unpopular initially to reinvest so much money into savings, but today it's paying off where they have a $2T savings account, from which they can withdraw up to 3% annually ($60B) for the needs of Norway.
rayiner|20 days ago
But what makes them act this way, lol? That's what every country wants out of its leaders. Why is Singapore able to do it? I know that's a hard question to answer...
TremendousJudge|20 days ago
I don't see why this would lead the country to being well organized. All the big businesses I've seen are very inefficient and disorganized internally, where decisions are made slowly, mostly to benefit the decisionmaker's little princedom inside the company.