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Singapore to cane scammers as billions lost in financial crimes

freemalaysiatoday.com

21–30 of 110 posts

Re: Singapore to cane scammers as billions lost in financial crimes

#21
post #6

Singapore is an odd country. The only country, to my knowledge, that had independence thrust upon it without its consent. Extremely prosperous compared to its neighbors. An autocratic, single party state where the government is so popular that they need to rig their elections against themselves to get dissenting voices. One of the most militarized countries (#3 by military spending per capita) in the world, yet their…

> "The country also passed a new law earlier this year that would allow the police to control the bank accounts of individuals who they suspect to be scam targets and limit what transactions they can do." This is crazy to me. How far are we willing to go in terms of restricting freedoms for safety?

But this is just part of how Singapore is different than America and Europe. China has even stricter controls in terms of limiting what individuals can do with their bank accounts (you can't transfer money to non-Chinese-citizens at all!).

Western countries put enormous value on personal liberty — America probably the most so, but even EU countries are extremely liberal in a liberty sense compared to historical norms, and even compared to some well-functioning economies today like China and Singapore. It's interesting, since I think the idea of personal liberty is so deeply engrained in many of our consciousnesses that we couldn't conceive of living like that. But... plenty of people do, and they're happy about it.

Re: Singapore to cane scammers as billions lost in financial crimes

#22

Singapore is an odd country. The only country, to my knowledge, that had independence thrust upon it without its consent. Extremely prosperous compared to its neighbors. An autocratic, single party state where the government is so popular that they need to rig their elections against themselves to get dissenting voices. One of the most militarized countries (#3 by military spending per capita) in the world, yet their…

> What would you even call their socioeconomic system? They're not exactly doing neoliberal capitalism, their government is far too involved for that. They're not socialist, they've got free enterprise galore. The autocracy+militarization+heavily meddled with big business thing most resembles fascist states It's just State Capitalism, isn't it? Like China. A market-based economy with free enterprise, but no illusions…

China does have illusions of egalitarianism, though. They don't call themselves the "Communist" party without reason. And enterprise, to my understanding, is much, much freer in Singapore than it is in China.

Re: Singapore to cane scammers as billions lost in financial crimes

#23
post #17

Singapore is an odd country. The only country, to my knowledge, that had independence thrust upon it without its consent. Extremely prosperous compared to its neighbors. An autocratic, single party state where the government is so popular that they need to rig their elections against themselves to get dissenting voices. One of the most militarized countries (#3 by military spending per capita) in the world, yet their…

> What would you even call their socioeconomic system? China economically functions similarly to Singapore, with long documented connections and explicit emulation. In 1978, Deng Xiaoping already began this and hundreds of thousands of Chinese officials and leaders were trained there and in industrial parks with the explicit goal of knowledge sharing with the dream of "planting 1000 Singapores". [0, 1, 2, 3] > fascis…

You might want to freshen up your history lessons with maybe some less revisionist sources, because Mussolini-wise I have some bad news for you.

Re: Singapore to cane scammers as billions lost in financial crimes

#24
post #12
post #8

Earlier quoted context omitted.

If you live in Singapore: don't ask us! If you disagree, vote against the government, and/or get out on the streets and protest! If you don't live in Singapore: it's not your problem.

It’s practically a one party state, no? And I’ve heard lots of stories of protesters getting disappeared after the police arrest them. Easy to say these things.

They are a one party state, but not for lack of trying. It just turns out that turning a country from a fishing village to a world-class economy in a couple decades buys you a lot of good will from the voters.

Re: Singapore to cane scammers as billions lost in financial crimes

#25

Singapore is an odd country. The only country, to my knowledge, that had independence thrust upon it without its consent. Extremely prosperous compared to its neighbors. An autocratic, single party state where the government is so popular that they need to rig their elections against themselves to get dissenting voices. One of the most militarized countries (#3 by military spending per capita) in the world, yet their…

It could really just be the money.

Re: Singapore to cane scammers as billions lost in financial crimes

#26

Singapore is an odd country. The only country, to my knowledge, that had independence thrust upon it without its consent. Extremely prosperous compared to its neighbors. An autocratic, single party state where the government is so popular that they need to rig their elections against themselves to get dissenting voices. One of the most militarized countries (#3 by military spending per capita) in the world, yet their…

[deleted]

Re: Singapore to cane scammers as billions lost in financial crimes

#28
post #23
post #17

Earlier quoted context omitted.

> What would you even call their socioeconomic system? China economically functions similarly to Singapore, with long documented connections and explicit emulation. In 1978, Deng Xiaoping already began this and hundreds of thousands of Chinese officials and leaders were trained there and in industrial parks with the explicit goal of knowledge sharing with the dream of "planting 1000 Singapores". [0, 1, 2, 3] > fascis…

You might want to freshen up your history lessons with maybe some less revisionist sources, because Mussolini-wise I have some bad news for you.

I'm not defending any of those people. Mussolini was a monster who used gas in Ethiopia and many other things, yes. But that wasn't the topic. Fascist Italy didn't do "racist scapegoating" and blame internal problems on people of other races.

Re: Singapore to cane scammers as billions lost in financial crimes

#29
I've been in banking for quite some time of my life and hands down, there is no country in the world that makes bankers with let's say questionable skills in risk assessment and decision making more afraid. Millions in fines, maybe more? Zero fucks given. Messing with regulators in Singapore? Not worth it. Wouldn't be surprised if they send or have sent people out to tell the somewhat gory stories of the canings in Singapore.

Personally, I don't believe in preventive effects of draconian punishment, but I also don't believe in cokeheads. Being a cokehead in Singapore means risking facing the mandatory death sentence for posession of more than 30g of cocaine, which depending on the habit is a months supply max for some.

Re: Singapore to cane scammers as billions lost in financial crimes

#30
post #17

Earlier quoted context omitted.

> What would you even call their socioeconomic system? China economically functions similarly to Singapore, with long documented connections and explicit emulation. In 1978, Deng Xiaoping already began this and hundreds of thousands of Chinese officials and leaders were trained there and in industrial parks with the explicit goal of knowledge sharing with the dream of "planting 1000 Singapores". [0, 1, 2, 3] > fascis…

Eh, that's giving Mussolini more credit than he deserves. A core component of his platform was conquering swathes of Africa on colonial grounds.

It isn't "racist scapegoating" to conquer places in Africa, because it's not blaming some race for internal problems.
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