Capitalism

A cursory glance at online political discourse in Singapore today will yield a common buzzword: inequality. This word paints a heart-wrenching image of a mass of people left behind in this rapidly digitalising age of global capitalism. Ask any idealistic university undergraduate how this problem can be solved, and the same politically correct answer will…

Critics frequently accuse markets and capitalism of making life worse for the poor. This refrain is certainly common in the halls of left-leaning academia as well as in broader intellectual circles. But like so many other criticisms of capitalism, this one ignores the very real, and very available, facts of history. Nothing has done more…