Two countries split from the same colonial body in 1965. One picked economic freedom. The other picked handouts and racial spoils. You already know how this ended.
Singapore had no oil, no farmland, no hinterland. Just a swamp and a port. Lee Kuan Yew looked at that and trusted trade, low taxes, and hard money. Central planners hate what he did.
Malaysia went the other way. In 1971 Kuala Lumpur launched the New Economic Policy, a state program handing quotas, contracts, and university seats to ethnic Malays. Politicians decided who got what. A commissar fantasy dressed in liberal language.
Now let's look at the numbers. In 1965 both places sat around $500 per capita. Today Singapore clears $84,000. Malaysia sits near $13,000. Same climate, same starting line, one sixth the result.
The Singapore dollar holds its value because the Monetary Authority of Singapore manages it against a currency basket and refuses to print its way out of trouble. The ringgit has lost roughly two thirds of its value against the Singapore dollar since 1981.
You cannot subsidize your way to wealth. You cannot redistribute what you never let people produce. Every ringgit funneled through a quota is a ringgit some bureaucrat spent on his own vision instead of a customer's.
Malaysia bet on planners deciding outcomes. Singapore bet on people deciding for themselves. The gap between $84,000 and $13,000 is your answer.
@culligantwinm@jimiuorio Of course I do. I have children. SS is just a promise from a politician. They got us here. If you can point me to a politician with a plan that involves cutting spending id say that’s a start. I’m just pointing out the inevitable.
@barneyxbt All true.
Everyone that knows this was screaming about the digital creation of fiat money for 20 years.
I feel for those that are recently learning about how inflation works.
The revelations six years later are pouring out so quickly that it is impossible to keep up much less mentally process all this:
* The Director of National Intelligence has documented 120 US-funded/owned biolabs in 30 countries many of which are manufacturing and manipulating infectious diseases.
* Senator Rand Paul's committee has released the receipts concerning US funding/backing of the manufactured SARS-CoV-2 virus/vaccine as part of this program.
* Senator Johnson has produced definitive evidence that US public health agencies knew of the grave dangers of the shot to everyone but said nothing.
* Many officials are privately admitting/proving that the whole point of lockdowns was to preserve population immunity for the shot and block other avenues toward wellness.
* Hardly any of this makes the national news and one wonders if the public mind has any awareness at all.
@MarcoFoster_@KyleKulinski I’m so happy that Elon is creating jobs for dipshits like this, in addition to rocket scientists and engineers.
Being an engagement farmer pays better than blowing Bubbles, doesn’t it?
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