Don't you know yr govt abandoned socialist ideals long ago after they got married to laissez-faire capitalism and globalisation at all costs? Once a govt believes in letting market forces set the prices of everything, every activity, every entity has to justify its P&L or it gets terminated. This was the thinking of Milton Friedman who won a Nobel prize for his theory. The Sinkie govt was a fan of MF. That is the cause of rising healthcare and rising electricity bills in the US, and the poor aged who has a pacemaker who can't afford to pay his electric bill will be left to die. This is the Republican's idealogy which of course benefited the rich, the big businesses and the capitalists. Singapore is following not too far behind.