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Tuesday, 19 March 2013
Stiglizt on Singapore
Singapore always felt safe in your embrace; in many, many
ways it continues to be the world’s most remarkable town. It a tiny triangular tropical island, total
land mass about 27,000 NFL football fields.
Economically it’s a star having the third best GDP per
capita and an actual turnover of $300 Billion annually. Consider that Canada
has nearly ten times the population and resources beyond the imagination. But
Canada has a GDP only six times larger than Singapore. In 1987 Singapore
decided to build a subway system from scratch. Today it has 169 Kilometres, and
is run as a profitable crown corporation. In 1987 Toronto had about 60 Km of
Subway, today it has 69.
Joseph Stiglitz adds
to the course of voices saying if you want to build a sustainable society, seek
out Singapore. More love from the 1%. Rent policy for the people.