6 Challenges Singapore will face

6 Challenges Singapore Face Recently, a trip to The Future of Us Exhibition got me thinking of how will Singapore be like during SG100. The exhibition portrayed a very dynamic yet unrealistic future of Singapore. Yet as we take a moment to look back at the past 50 years of transformation,

Minimum Wage Laws

In light of the upcoming General Election for Singapore, many political parties are campaigning to entice citizens to vote for them. Among a bundle of policies being promoted by different parties, one of which is the implementation of a minimum wage of $1,000 by the workers party. “Such a move would not only help the…

The Great Depression – A Monetarist’s View

After such a long period, the topic on the cause of The Great Depression has yet to reach a definite answer. The Marxists contended that the depression was unavoidable under free-market capitalism as there was no restrictions on accumulations of capital which when over-accumulate will tend to lead to a crisis. On the other hand,…

Free Market Capitalism and Wealth Inequality

Many countries around the world avoided free market capitalism due to many reasons one of which is that it leads to wealth inequality. Is it really that case? Well, the truth is, where there is wealth, there is inequality. Inequality is a real problem and it cannot be eliminated. A society that puts equality before…