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Singapore high on Crony-Capitalism Index
The Crony-Capitalism Index is a measurement of crony capitalism designed by The Economist newspaper based on the “work by Ruchir Sharma of Morgan Stanley Investment Management, Aditi Gandhi and Michael Walton of New Delhi’s Centre for Policy Research, and others” in 2014. It aims to indicate whether the livelihood of the people from a certain country or city with a capitalist economy is easily affected by crony capitalism.
Not surprisingly, Singapore was ranked 5th in the world last year in terms of practising crony-capitalism [Link], as evidenced by what the AGO has found in its audits of the grassroots organisations (GROs) in Singapore.
PA is a statutory board overseeing the GROs in Singapore. The GROs include Citizens’ Consultative Committees (CCC), Community Club/Centre Management Committees (CCMC), Residents’ Committees (RC) and their sub-committees. PA sets the Financial Rules for GROs and provides administrative support for them, among other things.
The relationship between PA and PAP is a close one. The chairman of PA is none other than the PM himself, who is also the Secretary-General of PAP.
The late Lee Kuan Yew once said that the PRCs have been sending teams of officials from China to study Singapore for years. He told of a lesson the Chinese learnt, “They discover that the People’s Action Party has only a small office in Bedok. But everywhere they go, they see the PAP – in the RCs, CCCs and CCs.”
http://www.tremeritus.com/2015/07/17/7-businesses-connected-to-ex-ccc-chairman-struck-off/
The Crony-Capitalism Index is a measurement of crony capitalism designed by The Economist newspaper based on the “work by Ruchir Sharma of Morgan Stanley Investment Management, Aditi Gandhi and Michael Walton of New Delhi’s Centre for Policy Research, and others” in 2014. It aims to indicate whether the livelihood of the people from a certain country or city with a capitalist economy is easily affected by crony capitalism.
Not surprisingly, Singapore was ranked 5th in the world last year in terms of practising crony-capitalism [Link], as evidenced by what the AGO has found in its audits of the grassroots organisations (GROs) in Singapore.
PA is a statutory board overseeing the GROs in Singapore. The GROs include Citizens’ Consultative Committees (CCC), Community Club/Centre Management Committees (CCMC), Residents’ Committees (RC) and their sub-committees. PA sets the Financial Rules for GROs and provides administrative support for them, among other things.
The relationship between PA and PAP is a close one. The chairman of PA is none other than the PM himself, who is also the Secretary-General of PAP.
The late Lee Kuan Yew once said that the PRCs have been sending teams of officials from China to study Singapore for years. He told of a lesson the Chinese learnt, “They discover that the People’s Action Party has only a small office in Bedok. But everywhere they go, they see the PAP – in the RCs, CCCs and CCs.”
http://www.tremeritus.com/2015/07/17/7-businesses-connected-to-ex-ccc-chairman-struck-off/
