After reading this long article in the London Review of Books, I find myself reflecting on my own experience in Singapore from 2010-2013. Here’s my take on what they do well. First, they educate everybody. Everybody is not an international math champion, despite what you might think, but everybody gets a solid education through at least a two-year vocational degree. Second, they build their economy by attracting foreign investment and being a center of trade. Third, they have rational guest worker policies for both skilled and unskilled workers. I think all this keeps the economy humming along pretty well. Then, they have rational tax policies. They help the population build wealth through a subsidized housing program (often called “public housing” in the international press, but think of it more like a condo you own with the government as your condo association. If you meet certain requirements (which include race and fertility, policies that would not translate well everywhere), you essentially get to buy your condo at a discount and sell it at full price. Then there is essentially a forced saving scheme, which is invested in the well-managed sovereign wealth fund and given back to people in annuity form at retirement age.
That’s what I liked. I felt the focus on economics resulted in a society where a lot of people really are all about money, and people are somewhat cold to each other. The idea of technocratic government and leadership development works up to a point, but it results in a certain arrogance that does not always match ability. They have comprehensive and highly efficient public transportation, but they still separate residential and commercial land uses and this results in really long commutes for people. And if you are not from there, the place just feels a bit crowded, loud and claustrophobic after awhile.
I had the fortune of experiencing an election while I lived there, and I came away thinking that their one-party-dominated system is not all that different than our two-similar-party-dominated system, at least in terms of barriers to entry and resistance to change. But overall, I think their system is working better in the interest of their people than the U.S. system in recent years.