Stiglitz on US learning from SG

Thank you Stiglitz for helping us buy some time as we put our house in order. He had most likely through ignorance made many mistakes in this commentary. Well it put us in a very good light vis a vis his country the USA.

The Americans wouldn't be copying or adapting our ideas anytime if at all. They will find they don't work very well. We know if we leave them as it, it will grow into very huge problems.











Update: 1:05pm

Kirsten Han has a better critique of Stiglitz NYT article than I have. In fact she spoke my mind but as usual I don't try too hard with writing. Unless I can collect my thoughts quickly on a subject, most of them remain unwritten.

Update: 5:20pm

Found this at Yahoo, 'YOUR VIEW: 'S'pore government trying its best to level playing field'' The writer was right but not in recent times. That's years ago. With the 2013 budget the government is trying to get us back on track again but I am not sure massive transfers is the way to go as it would eventually create a dependency culture. Often making less money but keeping a person's dignity because he/she has a job is better than the whole country becoming far richer but sustained with massive handouts to those who suffered from the dislocations.