How Capitalist Is Singapore Really? – People's Policy Project


13 bookmarks. First posted by VaguelySteamy march 2018.


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.
kb_society  singapore 
march 2018 by rootis0
THE CHINESE HAVE ALL THE MONEY THERE LOL
Singapore 
march 2018 by maoxian
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IFTTT  Feedly 
march 2018 by sbmandal
Bernard Spragg / Flickr In the Heritage Foundation’s Index of Economic Freedom, Singapore ranks as the second most “economically free” country in the world just…
from instapaper
march 2018 by kslimbs
How Capitalist Is Singapore Really?
from twitter
march 2018 by bytebot
How Capitalist Is Singapore Really?
from twitter
march 2018 by jokeefe
The case of Singapore is more than just a funny gotcha to use against right-wingers. It actually raises an interesting question about what it is people care about when it comes to “capitalism” and “socialism.” Is capitalism primarily about markets or private ownership? Relatedly, is socialism primarily about ending markets or promoting collective ownership? Often these things are bundled together, but they are logically and practically separable. Singapore (and Norway, among others) shows that it is quite possible to collectively own the means of production while also using price systems to assist in the allocation of productive factors. This is what market socialists have been saying for a hundred years.
capitalism  socialism  housing  review  critique  Singapore  PeoplesPolicyProject  2018 
march 2018 by inspiral
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.
Singapore  housing  best-of-2018 
march 2018 by elrob
good 'ole socialist Singapore - - I miss its efficiencies at times (and its airport - who wouldn't miss Changi?)
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march 2018 by aarontay