23 Nov '12, 3pm

SDP: China might want to look elsewhere: Singapore DemocratsThe ruling Communist Party of China has expressed in...

SDP: China might want to look elsewhere: Singapore DemocratsThe ruling Communist Party of China has expressed in...

The ruling Communist Party of China has expressed interest in adopting Singapore’s politico-economic model. China’s state media have been carrying reports talking about how the country can promote shared prosperity while retaining dictatorial rule. Unfortunately, Beijing is looking in the wrong place – at least about the "shared prosperity” bit. Various economic indicators consistently show that the headline-grabbing wealth generation in Singapore does not benefit the population in an equitable manner. Income disparity in Singapore is one of the highest among advanced economies, higher than even that of the United States. While the billionaires from around the world descend upon the island to take advantage of the low tax regime, many local Singaporeans work and live in poverty. In 2012, Singapore was listed by the Economist Intelligence Unit as the 9th most expensive city...

Full article: http://yoursdp.org/news/china_might_want_to_look_elsewher...

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