though even putting aside that singapore is in a unique position as a city state it has pretty extreme government intervention in certain areas

yeah the government decides what markets can or not operate

over 30% of singapore's workforce is employed in the state sector (higher proportion than venezuela) and about 75% of land and housing is nationalized

what percentage of home owners?

i dunno

from wiki - More than 80% of Singapore's population live in HDB flats. HDB Flats in Singapore are sold on a 99-year lease agreement. The remainder is rental flats reserved for those who are unable to afford to purchase the cheapest forms of public housing despite financial support.

There are a number of eligibility conditions in order for a flat to be purchased. A buyer must be a Singaporean citizen, or permanent resident and be 21 years of age and have a family. Singles below 35-years of age, and non-citizens are not allowed to purchase new HDB flats. Other requirements concern household status, time requirements, income and other special requirements.[9] The apartment flats are typically sold on a 99-year leas

singapore just runs things in the vein of east asian dirigisme/state capitalism a la post-deng china or south korea under park chung hee but while exploiting its strength as a small city state around an important port which gives it a strong niche in acting as a hub for trade and foreign investment

like Israel in a way

existing under the sole guardianship of the US

UN: "Coronavirus lockdowns and quarantines must respect rights"

the US would give no fucks about it if it wasn't for their military

*"State capitalism"*

whatever you want to call it

Well, for one, if it contains the word "state", then I don't want to call it "capitalism"

authority is delegated to investors in firms who are still subordinate to state orders

how does one protect capital ?

is there some provider?

some *state?*

so you don't think the economic success of south korea was produced by capitalism 🤔

I just know that capitalism cannot be done by the state, literally

interesting

By definition it's impossible

Sorry to burst your uneducated butthurt bubble

its okay to have independent opinion

It's okay to have a wrong opinion like yours

like i said im happy with your independent opinion

That's why you dislike it so much yeah

Very happy

cool

awesome

capitalism

/ˈkapɪt(ə)lɪz(ə)m/

noun

an economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state.

"an era of free-market capitalism"

does capitalism not need state intervention? Like when it's time to regulate free markets? protect capital and it's interest? enforce standards?

or we can operate within the framework of the state and exclude it cos mUh cApITaLiSm

I’m not sure you understand what capitalism is if you believe that state intervention is a product of it

what happens when company A reneges on a contract with company B causing losses?

The more the state intervenes in the market (i.e. regulates it) the less free the market becomes, hence reducing capitalism, and increasing socialism.

Bad for them

Exactly

In a purely capitalist setting every individual or group of individuals would have complete self-ownership of everything they possess, including the right to protect their property.

what if my protection is bigger than yours and i wipe you out