Monday, October 20, 2014

This year Economics Prize and our GLCs

Jean Tirole had done the work decades ago on competition which could have been immensely useful for helping us avoid the manner we privatize and run our state monopolies. Now we have companies like Singtel, SMRT, Mediacorp etc, that basically sucks. All that he feared and warned about had come true for us. There is now no excuse for not knowing how to fix this.

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