Monday, March 4, 2013

The pendulum is swinging back

The EU had just led the way and the Swiss is coming up behind rather quickly. Perhaps popular pressure will eventually force the Anglo Saxon economies down the same path.

Conceptually, the pendulum is starting to swing in the other direction. In practice this is just one of countless examples to come, and this isn't even among the first. Occupy Wall Street was symbolically.

I am interested because Singapore is more sensitive to what happens externally than domestically. Honestly the free markets trend as it is taken to excess will eventually destroy our social fabric. We just have to last long enough for the pressure to be off. No thanks to this clueless government but they just might be lucky.

Update: 10:50am

Not bad that ST is sensitive enough to feature it.

1 comment:

  1. It would not be long before some "hired hand" professional/academic comes out with some spurious arguments why the Swiss initiative is wrong and will hurt our economy.

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