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Singapore is an interesting illustration of economic freedom where it matters, and pragmatism where the free market might not be such a good idea. For example, Singapore's sheer lack of land means that it would be asking for trouble to have a totally free market in land. Therefore title is leasehold only and property rights almost non-existent - Singapore's urban planners get to do pretty much what they like where they like. A typical Anglo-style free market and property rights in land would seriously undermine Singapore's efficiency and competitiveness, because it would be a rentiers and speculator's paradise. Lee Kuan Yew is a genius and I wish he had been leader of a far larger nation - I think the pragmatism regarding land would have been unnecessary. I would love to know what he thinks - would he agree with Houston-type urban land markets given adequate land space?
That is a very interesting finding about public sector efficiency. I understand that public sector jobs in Singapore are filled by a kind of short contracted tenure, and generally people are let go after its expiry - 4 years or so. This removes the opportunity for bureaucratic empire-building and featherbedding. The excuse that valuable knowledge is lost each time someone new is hired instead of an incumbent being held, obviously does not matter. Pay is good and the jobs popular - but employees have to have their eye on their employment prospects when they are back out into the private sector.
it is possible for very small states with economies rebalanced heavily towards global services (finance etc) to achieve very low CO2 emissions.
And the increase in the price of housing is due to libbewwal-lefty urban planning policies!!!! In most countries these policies are explicitly central planning policies. In the USA it is more complex, but the fact remains that the political freedom to develop housing on legally bought rural land just about anywhere, without central planners forbidding you, is what keeps housing systemically affordable.
Lies go several times around the world while the truth is still getting its boots on. "Capital is not back: A comment on Thomas Piketty’s ‘Capital in the 21st Century’ Odran Bonnet, Pierre-Henri Bono, Guillaume Camille Chapelle, Étienne Wasmer 30 June 2014 ABSTRACT "Thomas Piketty’s claim that the ratio of capital to national income is approaching 19th-century levels has fuelled the debate over inequality. This column argues that Piketty’s claim rests on the recent increase in the price of housing. Other forms of capital are, relative to income, at much lower levels than they were a century ago." http://www.voxeu.org/article/housing-capital-and-piketty-s-analysis
Exactly! Even "white flight" has always been socio-economic flight. People of colour flee locales with crime and failing schools as soon as they are able to, too. In the UK there are white-trash neighbourhoods from which upwardly mobile hard-working Indians flee as soon as they are able. Glaeser and Vigdor's "The End of the Segregated Century" is well worth reading. Guess why there are no major racial tensions in modern automobile-dependent suburbs in the late-growing sunbelt cities, even when there are substantial minority populations as there now are in many such locations? Those minority populations are those who have self-selected to move away from the problem locations, which are now overwhelmingly correlated with legacy urban cores, breakdown in marriage rates and increases in fatherlessness, and libbewwal-Democrat local administration. A similar situation exists in the UK's white-trash neighbourhoods, which are lefty-Labour strongholds.
We also need to be awake to crony rentier gains in urban land. Paul Cheshire and various colleagues have been calculating the factor by which land prices per square foot in UK cities, have inflated since the 1947 Town and Country Planning Act, relative to US cities that have no fringe growth constraints. In 1984 the factor ranged from 120 to 320. By 1999 the high end of the range was 700. The latest figures from Cheshire et al has the high end (London, of course) at 900. Of course there is so much "equity" to be wiped out by reforming the urban planning system, that reform is absolutely impossible. Like with smoking, the Surgeon-General's Warning for "smart growth" should be: "DON'T START"!
Paui Revere never SAID "The British are Coming". He said "The Redcoats are coming"!!!!!! These days we would say "The Feds are coming".
Oh, for goodness sake. When "The British were coming". the inhabitants of America WERE "the British". It was "their own government" that was "coming"!!!!!!!!
".....the world’s inability to trust that the UN inspectors could ever realistically certify Saddam clean of his nuclear, chemical, and biological weapons programs......" And they never did. Every report they issued right up till the invasion, listed numerous points on which Saddam was non-compliant, failures to account for known purchases of WMD ingredients, and known previous quantities of manufactured WMD's. There are UN weapons inspectors such as Tim Trevan, Rolf Ekeus, and Demetrius Perricos who have written and spoken out on this point for years. The Reports were on the UN's website for years for all to see. It is the MSM that has been lying all along. The chant should be "People died as the media lied about the basis for war"
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