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https://www.telegraph.co.uk/politic...ore-based-anti-capitalist-dogma-not-evidence/
In 1965, Singapore went through its own “no-deal Brexit”: an ill-tempered split with the Malaysian federation. The smart money, back then, was on Malaysia. Foreign policy experts and FT columnists assured one another that the city-state was too small to make a success of independence.
In the event, 1965 was the beginning of Singapore’s take-off: the moment when, as its founding premier Lee Kuan Yew was later to put it, it “plugged into the international economic grid”.
I spent last week in Singapore, marvelling at its cloud-capp’d towers and gorgeous palaces. Free-marketers have always loved the place: a swampy equatorial island, dependent on imports even for its food, water and electricity,...
***
Paywall article.
In 1965, Singapore went through its own “no-deal Brexit”: an ill-tempered split with the Malaysian federation. The smart money, back then, was on Malaysia. Foreign policy experts and FT columnists assured one another that the city-state was too small to make a success of independence.
In the event, 1965 was the beginning of Singapore’s take-off: the moment when, as its founding premier Lee Kuan Yew was later to put it, it “plugged into the international economic grid”.
I spent last week in Singapore, marvelling at its cloud-capp’d towers and gorgeous palaces. Free-marketers have always loved the place: a swampy equatorial island, dependent on imports even for its food, water and electricity,...
***
Paywall article.
