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by raincom 4099 days ago
I am okay with a benevolent dictator. As Arrow and Sen showed that we can't talk about agrregate social interest or about the public will, it is better to have a LKY to ramp up a country.

Somehow, LKY planted all his family members in powerful roles of the government and the government run companies.

Government linked corporations (GLC) controll 60 percent of the singapore Economy. Tamasek holdings is one such. The CEO of Tamasek is the wife of the current prime minister, who is the son of LKY.

Another benevolent dictator in the making? Maybe, the elections can tell.

My friend's brother went to Singapore from India as an electrician in 2010. He was making S$550 per month, and was living in a shack somewhere in Singapore. Cheap labor imported from Malaysia, Indian, China, Thai, Burma, Phils help the government linked companies make profits. And this explains why Singapore does not have minimum wage.