Singapore is a successful example of Socialism
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From the State owning most of the land, most of the housing, and a big percentage of the economy in sovereign wealth funds and state holding companies Singapore is exactly what 19th century market socialists like John Stewart Mills had in mind https://www.peoplespolicyproject.org/2018/03/09/how-capitalist-is-singapore-really/ The Singaporean state owns 90 percent of the country’s land. Remarkably, this level of ownership was not present from the beginning. In 1949, the state owned just 31 percent of the country’s land. It got up to 90 percent land ownership through decades of forced sales, or what people in the US call eminent domain.
The Singaporean state does not merely own the land. They directly develop it, especially for residential purposes. Over 80 percent of Singapore’s population lives in housing constructed by the country’s public housing agency HDB. The Singaporean government claims that around 90 percent of people living in HDB units “own” their home. But the way it really works is that, when a new HDB unit is built, the government sells a transferable 99-year lease for it. The value of that lease slowly declines as it approaches the 99-year mark, after which point the lease expires and possession of the HDB unit reverts back to the state. Thus, Singapore is a land where almost everyone is a long-term public housing tenant.
Then there are the state-owned enterprises, which they euphemistically call Government-linked Companies (GLCs). Through its sovereign wealth fund Temasek, the Singaporean government owns a large share (20% or more) of 20 companies (2012 figure). Together these companies make up 37% of the market capitalization of the Singaporean stock market. The state also owns a large share of 8 real estate investment trust (REIT) companies (2012 figure), which they call GLREITs. The value of the GLREITs make up 54% of the country’s total REIT market.
The sovereign wealth fund Temasek doesn’t just own domestic assets. It also is invested broadly throughout the world, especially in other Asian countries. In March of last year, Temasek had a net portfolio value of S$275 billion, which is equal to around 62% of the country’s annual GDP. To put this figure in more familiar terms, Temasek’s total holdings are equivalent to if the US government built a $12.4 trillion wealth fund.
Call me old-fashioned, but I don’t generally associate state ownership of the means of production with capitalism. One way to see whether libertarians or conservatives actually think Singapore’s system is uber-capitalistic is to imagine how they would respond to someone who ran a campaign in the US aimed at bringing the country up to the Singaporean ideal.
A Few Admiring Words for “Crypto-Socialist” SingaporeMalaysia gained independence from the UK in 1957, then Singapore was maneuvered into joining the Federation of Malaya in 1963. However, it was expelled two years later.
Singapore shall forever be a sovereign democratic and independent nation, founded upon the principles of liberty and justice and ever seeking the welfare and happiness of her people in a more just and equal society.Now, more than five decades later, Singapore is acknowledged as the country with the highest quality of life in Asia, and one of the highest in the world. It has strong and effective government, extremely low corruption rates, and some of the best social policies on Earth.
It is also, wrongly, perceived by many in the West as an ‘extremely capitalist’, business-oriented nation.
About time to ‘re-visit’ Singapore!
What has been achieved here since independence? What was the dream, the vision of Lee Kuan Yew (LKY), the country’s first Prime Minister, who governed with an iron fist but also with great foresight, determination and compassion?
Is Singapore really a ‘Mecca’ of capitalism, or is it, perhaps, a crypto-Communist or at least a socialist country; a ‘ban Communism but do it their way’ kind of nation?
Yes, the country is ‘transparent’, ‘open for business’, a great ‘magnet for foreign companies’. But investment does not disappear in deep pockets of local elites; instead everyone benefits here. And the government decides who is welcomed and who is not, and in which direction the country should be developing. Singapore is a curious hybrid of a controlled and planned economy, and of what is known as ‘free market’.https://dissidentvoice.org/2018/09/a-few-admiring-words-for-crypto-socialist-singapore/
It is also, wrongly, perceived by many in the West as an ‘extremely capitalist’, business-oriented nation.
About time to ‘re-visit’ Singapore!
What has been achieved here since independence? What was the dream, the vision of Lee Kuan Yew (LKY), the country’s first Prime Minister, who governed with an iron fist but also with great foresight, determination and compassion?
Is Singapore really a ‘Mecca’ of capitalism, or is it, perhaps, a crypto-Communist or at least a socialist country; a ‘ban Communism but do it their way’ kind of nation?
Yes, the country is ‘transparent’, ‘open for business’, a great ‘magnet for foreign companies’. But investment does not disappear in deep pockets of local elites; instead everyone benefits here. And the government decides who is welcomed and who is not, and in which direction the country should be developing. Singapore is a curious hybrid of a controlledand planned economy, and of what is known as ‘free market’.I have some 25 years of history with Singapore. I do research in its libraries and archives; I admire its world class art institutions, brilliantly diverse food. And I simply enjoy healthy brisk walks through its vast public spaces.
Sometimes I am not hundred percent sure what precisely Singapore is, but I always know what it isn’t – it never succumbed to that brutal, heartless, primitive and uneducated turbo capitalism of other Southeast Asian countries like Indonesia, Malaysia, the Philippines and Thailand.https://dissidentvoice.org/2018/09/a-few-admiring-words-for-crypto-socialist-singapore/
- There's nothing natural or organic about the way Singapore came into being: a British fort and port island commandeered in exchange for backing a coup on the mainland. Singapore's history holds more in common with the British Colonial trading ports- Hong Kong, Shaghai, Canton than the Malaysian and Indonesian cultures surrounding Singapore and like those Chinese ports, Singapore's traditional economy was capitalism in its purest incarnation- trade and industry was king, human rights an afterthought.
- Singapore has no natural room to grow. Any new land has to be be dredged. Singapore has the second highest population density of any nation (after Monaco) and the lowest fertility rate in the world. [6] [7] Singapore offers generous tax benefits to lure a large 43% population of foreign nationals.
- Singapore's greatest resource is it location and an economy largely built on entrepot trade which has been historically successful but Singapore is obviously structurally vulnerable.
- Singapore produces less than 10% of its own food.
- Singapore's largest economic sectors are historically boom/bust:
- oil refinement
- banking (famously a haven for hiding illegal funds)
- tourism
- gambling
- The means of production can't be genuinely owned by the people without some kind of democratic political system by which proletariat exercises that ownership and manages the benefit.
- Singapore can't be said to be particularly socialist because Singapore is not particularly democratic. The people have little say in the management of their city-state.
- A few proofs that Singapore is not democratic include:
- The ruling party- The People's Action Party, has never been out of power since the Proclamation of Singapore in 1965.
- All important executive power was retained by Singapore's founder Lee Kuan Yew for 46 years from 1965 to 2011 and now that power has been inherited by Lee's eldest son, Lee Hsien Loong.
- The Prime Minister has the power to approve or disqualify parliamentary candidates and many seats PAP candidates run uncontested. The Prime Minister frequently disqualifies dissidents and rival power candidates. The current President of Singapore ran uncontested after all of her rivals were disqualified by a new law. Within the PAP, the Lees have never been challenged for the Prime Minister's office.
- Singapore has no right to free speech or free assembly. People who wish to address the public must register with the Prime Minister's office 30 days ahead and then speech is limited to the "Speaker's Corner" a small podium in a public park surrounded by security cameras. Any public assembly of more than 5 people must be approved by the Prime Minister's office.
- Singapore has no habeus corpus law or any right to a trial. Some dissidents and activists have now been held in prison for more than 30 years without being charged with a crime.
- All media is licensed by the state and the government owns a controlling interest in most media- internet, newspapers, television.
- It is illegal the chew gum or drink bottled water in Singapore. It is illegal to be gay. It is illegal to be naked in your own home unless the shades are drawn. "Monty Python" and "Sex and the City" are two of the many, many TV shows banned in Singapore. "Zoolander" and the Southpark movie are two of the many banned films. Listening to "Puff, the Magic Dragon" or Katy Perry's "I Kissed a Girl" is punishable by fines or imprisonment.
- It is illegal to go on strike in Singapore. All unions were consolidated into a single, state controlled union in 1961.
- How can it be said that the people of Singapore own say, the oil refinery industry in Singapore when they are actively prevented from meeting to discuss that industry, when the State decides what information about the oil industry a Singaporean may know?
- The language of Socialism is often adopted by autocracies and Singapore is little more than that- a hereditary autocracy with almost all real power invested in a single man. State control ought not be mistaken for control by the people just because the state is relatively benevolent and the people relatively placated.
- Singapore has been the most expensive city in the world to live in for the last 6 years. [8]
- Singapore has the highest percentage of millionaires in the world but also one of the highest wealth gaps. An overwhelming proportion of then wealth is held by wealthy foreign residents enjoying low tax rates. Singapore has no capital gains or luxury tax and the top tax rate is 22%. The lower and middle classes receive two and a half times the public subsidies they did just ten years ago. Live-in domestic servants are common in Singapore.
- Singapore has no minimum wage or unemployment benefits although substantial public assistance is generally available.
- Singapore does not self identify as a socialist economy and is not recognized as particularly socialist by most rankings. On the other hand, Singapore is consistently ranked at the top of lists of capitalist countries. [9]
- As noted above, labor unions and all labor organization is either a function of the state or illegal. The state determines a worker's wage and hours.
- Yes, education and healthcare are essentially free but citizens have little say in the priorities or allocations of those public institutions. These should be seen as the advantages of an effective nanny state rather than the advantages of an empowered proletariat.
- dropped by PRO- extend
- dropped by PRO- extend
- dropped by PRO- extend
The sovereign wealth fund Temasek doesn’t just own domestic assets. It also is invested broadly throughout the world, especially in other Asian countries. In March of last year, Temasek had a net portfolio value of S$275 billion, which is equal to around 62% of the country’s annual GDP. To put this figure in more familiar terms, Temasek’s total holdings are equivalent to if the US government built a $12.4 trillion wealth fund.
Call me old-fashioned, but I don’t generally associate state ownership of the means of production with capitalism. One way to see whether libertarians or conservatives actually think Singapore’s system is uber-capitalistic is to imagine how they would respond to someone who ran a campaign in the US aimhttps://www.peoplespolicyproject.org/2018/03/09/how-capitalist-is-singapore-really/
"i never said that it was a model that others could graft onto their society completely, when did i say that? "
- PRO has conceded this point while refuting an invented, exaggerated variation (see OBJECTION#4).
"Singapore is a strange bird"
"Singapore is not a traditional form of socialism"
"it [Singapore] is something unique granted thats my point "
- PRO concedes that Singapore is not particularly democratic
- PRO argues that Singapore isn't considered a dictatorship.
- Democracy is a relative value, everything is shades of grey Arguing that a wolf's pelt is not entirely black does not serve as evidence refuting the claim that the wolf's pelt is not particularly white. Refuting the opposite extreme does not prove the position.
- For evidence, PRO submits an article from the website theindependent.sg- that is, content that has been approved by Singaporean government for distribution. The site does not offer any information about its publisher or editorial board. "The Independent News" is not a Singaporean newspaper. The "contact us" link is broken. This source may be safely disregarded as untrustworthy.
- For further evidence, PRO submits a UK company's 2018 ranking as 66th out of 167th as evidence of democracy. PRO's own source notes:
"The Democracy Index has been criticized for lacking transparency and accountability beyond the numbers. To generate the index, the Economist Intelligence Unit has a scoring system in which various experts are asked to answer 60 questions and assign each reply a number, with the weighted average deciding the ranking. However, the final report does not indicate what kinds of experts, nor their number, nor whether the experts are employees of the Economist Intelligence Unit or independent scholars, nor the nationalities of the experts."
- PRO argues that Singapore has many Socialist aspects
"what i did say is that much of the praise of Singapore for being a successful capitalist model aren't honest, because Singapore has many Socialist aspects to its pro market society "
- Let's recall that PRO prior cut & pastes don't serve as examples of what PRO said in prior rounds. In fact, PRO has made no original argument. PRO did not say that "much of the praise of Singapore for being a successful capitalist model aren't honest" but then, neither did Matt Bruenig. Bruenig wrote:
"It is true of course that Singapore has a market economy. But it’s also true that, in Singapore, the state owns a huge amount of the means of production."
- CON has pre-futed PRO in R1:
- Bruenig seems to be of the opinion that state control of the means of production is the same thing as the people's control of the means of production. CON calls this mistaking autocracy for socialism.
- PRO seems to be arguing that Capitalism vs. Socialism is a zero sum game: that successful public projects serve as evidence against successful private projects. It is up to PRO to establish the truth of this dynamic in order to prove the point but in CON's experience, all democratic economies are dependent on a balance of these two economic forces- each cannot sustain without support from the other. In non-democracies like Singapore, free markets and public ownership are both illusions that can be disrupted at the will of the state or in Singapore's case, at the will of Lee Hsien Loong. Before we can discuss socialist vs capitalist, Lee and the People's Action Party must demonstrate they are willing to share power.
- PRO has conceded that Singapore is unique but
"I never even implied it was a model anyone could take straight off a shelf and apply to any society, but there are many aspects that universally applicable"
- PRO offers two examples but only backs one with evidence:
- Taiwan
- China
- PRO backs this with a Wikipedia entry for the Communist Party of China:
"Since the decline and fall of communism in Eastern Europe, the [Communist Party of China] has begun establishing party-to-party relations with non-communist parties. These relations are sought so that the CPC can learn from them. For instance, the CPC has been eager to understand how the People's Action Party of Singapore (PAP) maintains its total domination over Singaporean politics through its "low-key presence, but total control." According to the CPC's own analysis of Singapore, the PAP's dominance can be explained by its "well-developed social network, which controls constituencies effectively by extending its tentacles deeply into society through branches of government and party-controlled groups." [1]
- PRO's citation is rather telling: it does not say that China admires Singapore's Socialism, quite the opposite. What China admires about Singapore is its total control of its people, which China seeks to emulate. This is an example of Singapore as a successful example and exporter of autocracy, not socialism. To be clear, if your country is exclusively controlled by one man or one family Socialism is not a possibility. You can't have community control over the means of production if the community has no control. What Xi Jinping seems to have learned form the example of Lee Kuan Yew is how to be dictator for life while talking keeping everybody sedated with lots of talk about economic growth and social reform. I suppose if we must tolerate dictators we should prefer them benign but free markets and community decision-making are only achieved by liberal democracies, which neither China nor Singapore seem to fathom.
- PRO conceded in R3 that Singapore is not democratic but dropped CON's argument that refuting dictatorship does not increase evidence of democracy. CON criticized both of PRO's sources and PRO offered no defense.
- PRO has not addressed CON's important contention that Socialism is not possible without Democracy.
From the positive economic angle, we follow the capitalism way. We use every learnt economic knowledge to provide good wage, affordable housing, social welfare, elevate ourselves on the production ladder, etc to remain competitive as we grow high income.
In a nutshell, from my perspective, Singapore will try every means to bring in quality FDI, technologies, and expertise first and decide on how to best share the pie later. Unfortunately, many countries did the first part well but not the second part.
- PRO conceded that Singapore is unique but argued that Singapore is admired by Taiwan and China. CON documented that China does admire Singapore as a model for political domination but not as a Socialist model. No evidence for Singapore's influence on Taiwan was offered.
- Singapore is a fluke: an artifact of empire now sustained by oil and gambling and shady banking. Singapore is an unsustainable island projected to lose more than a quarter of its precious land mass to sea level rise over the next 80 years while the oil dependent country does little to save itself. Nations emulate Singapore at their peril.
- PRO conceded in R3 that Singapore is not democratic but dropped CON's argument that refuting dictatorship does not increase evidence of democracy. CON criticized both of PRO's sources and PRO offered no defense.
- There is not point to talking about market socialism or the balance of capitalism and socialism in a society without the freedom of speech or assembly. Lee Hsien Loong controls the means of production, not Singaporeans. Lee Hsien Loong controls supply and demand. Should Singaporeans dare to go on strike or protest for a higher wage and they will discover who is in control- as labor leaders now decades in prison without charges or trial have discovered before.
- PRO has not addressed CON's important contention that Socialism is not possible without Democracy. Pro's online interview with one random Singaporean (let's hope) confirms CON's complaint well enough:
I think the near-single-party government also played a big role because the normative policies need not give in to populism but continues to be anchored on foresight and good judgements.
- PRO's intention for this debate is fairly clear- to show that Singapore, long a fast-growing darling for Capitalists to uphold, relied far more on the equitqable distribution of public funds and than the Heritage Foundation would care to admit. CON has shown here that the old chestnuts of Capitalism vs. Socialism only apply to healthy democracies where economic tools are used to balance prosperity. Without Democracy, all talk of free markets or public control of production are mostly illusion, subject to the whims and good character of autocrats and oligarchs.
- CON recommends that VOTERS find that arguments favored CON in this debate- particularly given the paucity of original content.
- CON recommends that VOTERS find that sources favored CON because PRO's over-reliance on sources instead of argument hurt PRO's cause.
econimics has nothing to do with human rights you engage in an argument or irelevancy
human rights record is irelevant we arent debating human rights we are debating economics
singapore has no oil of its own
Singapore is the pricing centre and leading oil trading hub in Asia. The oil industry makes up 5 per cent of Singapore's GDP, with Singapore being one of the top three export refining centres in the world. In 2007 it exported 68.1 million tonnes of oil. The oil industry has led to the promotion of the chemical industry as well as oil and gas equipment manufacturing.
According to the Human Rights Watch, due to its role as a financial hub for the region, Singapore has continually been criticised for reportedly hosting bank accounts containing ill-gotten gains of corrupt leaders and their associates, including billions of dollars of Burma's state gas revenues hidden from national accounts.[74] Singapore has attracted assets formerly held in Swiss banks for several reasons, including new taxes imposed on Swiss accounts and a weakening of Swiss bank secrecy. Credit Suisse, the second largest Swiss bank, moved its head of international private banking to Singapore in 2005.
Singaporeans are ranked second in the world for per capita gambling losses $891.16 per person per year. Singapore ranks third in the world for gambling revenues per number of tourists. 44% of all Singaporeans gambled in 2014. If you look at all those famous Singapore skyline pics those are casinos lining the waterfront
https://img.theculturetrip.com/768x432/wp-content/uploads/2016/05/gf70r2-1.jpg
singaoe has no oil or gambling and is known the world over for honest banking btw
both chinas use singapore as a model to folow
Call me old-fashioned, but I don’t generally associate state ownership of the means of production with capitalism. One way to see whether libertarians or conservatives actually think Singapore’s system is uber-capitalistic is to imagine how they would respond to someone who ran a campaign in the US aimhttps://www.peoplespolicyproject.org/2018/03/09/how-capitalist-is-singapore-really/
Ill be scoring 2 points off you soon :)
Expect retorts when jabbing at other people. Particularly those who love their speech.
25% i meant 25% not 225
lol said the man with a 0% victory rate so far i have won one debate, i'm learning, you just wait.. i'm only getting stranger learning from mistakes
Im sure many of the 330million Americans can.
Nice win/loss record. Those map skills are really helping!
https://www.peoplespolicyproject.org/2018/03/09/how-capitalist-is-singapore-really/
can you even find Singapore on a map yanks?