The author hits it spot on about Singapore. It would probably have more in common with Apple than IBM--efficiently run, capitalist (to an extent), but is more or less a one-party system, as is common in East Asia (with the exception of Australia). Singapore is perhaps the best example of the so-called Apple 1984-ad state of information purity directives. OK, maybe that is an exaggeration. It is more likely the result…
Comments like this are what make a binary voting system inefficient. Two thirds of your comment is spot on and pretty much exactly what I came here to say. When I initially viewed your comment it had been down voted and I debated whether or not I should vote it back up. But there are some glaring unfairnesses in your assessment that make me take pause. Suggesting that Hong Kong is the freest state in the region is ki…
Source: http://asiancorrespondent.com/hong-kong-blog/freest-econonom...
For the 16th straight year Hong Kong has ranked top of the ladder as the freest economy in the world, according to the Index of Economic Freedom by the Heritage Foundation. [...]
This lofty ranking is generally attributed to the efficient processing of business applications, low tax rate and disciplined fiscal management by the government.
1. Starting a business in Hong Kong takes only six days while the rest of the world's average is 35 days 2. Hong Kong's weighted average tariff rate is zero per cent in 2008 3. Individuals enjoy a sliding scale tax rate between 2 and 17 percent 4. Maximum tax rate for businesses is pegged at just 16.5 percent 5. Import duties for beer and wine were removed in 2008 6. Tax revenue as a percentage of GDP stood at 14.2 percent 7. Inflation was generally low, averaging 3.5 percent between 2006 and 2008 8. There are no limits and no screening on foreign ownership when setting up foreign firm (except broadcasting) 9. There are no requirements on current transfers, access to foreign exchange and movement of profits.