/liberty/ - Liberty

>>79665

In the long term, no. Democratic forms of government incentivize elected officials to promise rewards for the group of people that make up their voterbase at the expense of the groups who do not. Politicians that follow this strategy are more likely to win than the "principled" ones who do not, and before too long it will turn out like all other democracies; providing gibs and killing long-term economic growth and freedom in the name of short-term expedience.

>>79669

Singapore managed to prevent the development of a welfare state though due to the economic prosperity that the free market was offering them already.

>>79672

Gibs don't always take the form of welfare, at least not right away. Mark my words, the next time Singapore sees any kind of crisis, financial or otherwise, you'll see the rise of a politician that intends to "fix" it through some kind of state preferential treatment. It might just be a few tax breaks, maybe a subsidy here and there. But the rot will set in, and when it does it will fester and grow.

>>79673

The problem is they don't produce much on their own being an island city state, they have to rely on market value for profit and anything that would degrade the efficiency of the market would impact it disproportionately.

>>79677

>japan suggesting train instead of seppuku

>>79672

>He doesn't know that Singapore has a massive housing programme and the state provides 80-something percent of all housing.

kek

>>79684

Well that prevents housing bubbles.

>>79690

I'm not bitching about trains, just saying that seppuku is the more quintessentially jap suicide method.

>>79715

Not sure if sarcasm…

>>79736

If the government controls all the housing and destroys the marketplace with too great a supply (at the cost of quality) doesn't that prevent a bubble from forming?

>>79753

I guess if the economy gets rekt so completely a bubble can't even form you're technically correct. However, the government artificially inflating supply and making mortgages available to more people than were qualified to pay them off was one of the contributing factors to the 2008 housing crisis. The other major factor was the Fed keeping interest rates artificially low, which had essentially the same effect: more people were taking out loans and making investments than the market could in actuality support, creating a bubble that would eventually collapse.

>>79755

That was a half-assed solution though, if the commie is correct the Singapore government just goes full socialism on their housing market and doesn't use loans which means that it is drain on the national budget instead of something on paper being treated as an asset.

>>79732

Singapore is more socialist than Venezuela