Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue them?

[Dreamer1]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

Economist magazine ranks S'pore 4th in the world for cronyism, ahead of China, Indonesia and India. PAP dare to sue them?
Quote late Mr Lee Kuan yew: “An absolute or unrestricted right of free speech would result in persons recklessly maligning others with impunity and the exercise of such a right would do the public more harm than good. Every person has a right to reputation and that right ought to be protected by law. Accordingly, a balance has to be maintained between the right of free speech on the one hand, and the right to protection of reputation on the other. The law of defamation protects such right to reputation, and, as we have shown, it was undoubtedly intended by the framers of our Constitution that the right of free speech should be subject to such law.”

SUE,SUE, SUE, SUE, SUE, SUE, SUE, fucking ang mos' economist

 

[batman1]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

Botak will grin sheepishly :Heng Ah,I thought kenna No.1

 

[jw5]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

Botak will grin sheepishly :Heng Ah,I thought kenna No.1

Heng ah, they never do the ranking for nepotism.

 

[hsienloong]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

Heng ah, they never do the ranking for nepotism.

It's so obvious when GCT and LHL starts to play "MY ONE YOUR ONE" with the people and the Oppositions
you know its a game of nepotism and cronyism. "ARE YOU ON MY SIDE OR ON THEIR SIDE" politics.
I mean who the fuck is GCT and LHL if their mother gave a fart instead of a birth.
They are disgraceful humans who take advantage of their position and abuse it.

Oh.. and "DISHONORABLE" as well.

 

[jw5]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

It's so obvious when GCT and LHL starts to play "MY ONE YOUR ONE" with the people and the Oppositions
you know its a game of nepotism and cronyism. "ARE YOU ON MY SIDE OR ON THEIR SIDE" politics.
I mean who the fuck is GCT and LHL if their mother gave a fart instead of a birth.
They are disgraceful humans who take advantage of their position and abuse it.

Oh.. and "DISHONORABLE" as well.

The "if you're not for me you're against me" mentality was not started by them. This mentality is so ingrained and prevalent in sinkies that even supposedly intelligent albeit impressionable ex scholars and civil servants have been influenced by it.

 

[hsienloong]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

http://www.theonlinecitizen.com/201...-crony-capitalism-singapore-fourth-economist/


singapore_crony
Malaysia second highest in crony capitalism, Singapore fourth: The Economist
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By Sara Yong on May 7, 2016 International

Russia takes the top spot for its percentage of billionaires’ wealth coming from crony capitalism, according to data compiled by The Economist on 5 May 2016. Following close behind in second place is Malaysia. Singapore appears as well, as the fourth country on the list.

The crony-capitalism index by The Economist ranks countries according to the percentage of country’s billionaires who have accumulated wealth from cronyism. A total of 22 countries were compared in the study.

For chart topper Russia, billionaire wealth accounts for 21.3% of the country’s GDP and 18.0% of the GDP is wealth stemming from the crony sector. In Malaysia, while billionaire wealth as a percentage of its GDP is significantly lower than Russia at 13.3%, crony sector wealth accounts for 13% of its GDP.

economist_crony

Singapore is ranked the fourth country with the most crony capitalism, following Philippines in the third place. 14.8% of Singapore’s GDP stems from billionaire wealth. 10.7% stems from wealth by cronyism.

Of all 22 countries in the study, the cleanest country with the least cronyism is Germany, with crony sector wealth accounting for a mere 0.2% of the country’s GDP.

The Economist notes that “worldwide, the worth of billionaires in crony industries soared by 385% between 2004 and 2014, to $2 trillion” and predicts that should energy and commodity prices rise, so will the wealth of crony capitalists.

It further notes in its editorial that developing economies account for 43% of global GDP but 65% of crony wealth.

"Of the big countries Russia still scores worst, reflecting its corruption and dependence on natural resources. Both its crony wealth and GDP have fallen in dollar terms in the past two years, reflecting the rouble’s collapse. Their ratio is not much changed since 2014. Ukraine and Malaysia continue to score badly on the index, too. In both cases cronyism has led to political instability."

Explaining why Singapore is ranked so poorly in the crony index, "Try to pay a backhander to an official in Singapore and you are likely to get arrested. But the city state scores poorly because of its role as an entrepot for racier neighbours, and its property and banking clans."

If LHL dare not go after LWL for defamation, the whole government can shut the fuck up already.

 

[Papsmearer]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

I mean who the fuck is GCT and LHL if their mother gave a fart instead of a birth.
They are disgraceful humans who take advantage of their position and abuse it.

U mean if they mothers swallowed instead of taking a creampie?

 

[virus]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

Such serious matter no one speak up. That is the loudest confirmation.

 

[KNNBPCB]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

If LHL dare not go after LWL for defamation, the whole government can shut the fuck up already.

his brotherly love will convince him not to....................................

 

[krafty]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

this is the hard fact, lky needs credible cronies around him so he award his own inner circle of cronies first before the harvest is given to ordinary peasants.

 

[frenchbriefs]

Re: Economist magazine ranks S'pore 4th in the world for cronyism. PAP dare to sue th

How come singapores crony sector represents 14.9% of the gdp while germany cronyism is less than 0.2%?its obvious whose been letting the rot grow.