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That is why many country like to study the "Singapore Model"
It is every Despot's dream to be able to reap huge profits, gain international recondition (By Buying it), suppress the population's ability to think or act, and still Stay in power for ever.
There are countries that are studying "Uniquely SINGAPORE"
And I fully agree with your analysis.
Even so, with Capitalism + Communism Mix style management, if the mission objective is not for the people, it'll form up a Elitist Class of people.
Even so in Socialism, and Communism, there will always be some people more equal than others. Human Nature will never change, its been like this for aeons, perhaps millions of years or more, until the Dictatorship of Proletariat comes, as stated by Karl Marx.
My views are even when there is a Revolution by the Worker Class / Salariat / Proletariat, there will be someone who rise to power, and form up a Elitist Class of people again..., just like Lenin, Mao, etc... the list goes on.
The cycle will keep on continuing, until the destruction of mankind itself...
Democracy, this system is not perfect as well...
To increase public opinion, government will increase spending on domestic services, and cut taxes (TEMPORARILY), and once the intended government is in power again, domestic spending reduces, and taxes increased even higher than before...
At the end of the day, it's all about POWER & CONTROL. Whatever the form doesn't matter, whatever the name of the government it doesn't matter, it's all about POWER & CONTROL.
I can think of one very big country that is following the "Uniquely SINGAPORE" political economic management model, aka Communism + Capitalism with a taste of Socialism hybrid... CHINA.