There has never really been a global recovery since 2008, only a big and desperate gamble to spend our way out. But it’s not just about the money, money, money

Our belief that we can innovate ourselves out of real-world crises may lead us astray

The mark of a great society is not its ability to create wealth, but its willingness to share its success with the less successful. Singapore needs to turn the tap on.

It is not a logical inevitability that governments will mess up the distribution of goods and services. It is merely a tendency that governments generate a degree of inefficiency. Inefficiency is not in itself a condemnation, while efficiency should be seen as an advantage rather than a definitive end, as there are inevitably other social goals that must be considered. Similarly, the efficiency of the free market is not proof that it is the “correct” method of economic distribution.

Fairytales have their own opinions on the biggest issue in economic justice: what is a fair distribution of resources? The arguments of the two most important political philosophers of the 20th century, John Rawls and Robert Nozick, can be seen, with uncanny resemblance, in the classic Grimm fairytales, Cinderella and Rumpelstiltskin.

Why trade imbalances matter to us The 2008 economic crisis moulded a new economic paradigm, which in turn caused a systemic shift in the global balance of power. Its ramifications were particularly pronounced for Singapore. The bleak times exemplified the dangers of relying too heavily on foreign investments, and showed that there is a strategic [...]

We are here to talk about a chocolate factory. Not just any chocolate factory—the chocolate factory. Willy Wonka’s Chocolate Factory.

Perhaps a little fiscal austerity is not so crazy after all.

The most worrying thing about fiscal austerity is how it’s all coming at the same time.