Doing it correctly

" The right wing in the United States is so doctrinaire the even the mildest promotion of the general welfare is denounced as radical proletarianism.

For some reason folks are shocked that the Republicans are anti-social even in times of severe economic stress.

The poverty of solutions coming from Republicans- tax cuts anyone- is stunning. But this underscores the fact that the conservative doctrine of government isn’t about government at all.

They don’t have a philosophy of governance of the people in the classical sense. They have an economic doctrine focused on wealth accumulation that they present as national policy. "

— bellumregio, NY Times
http://krugman.blogs.nytimes.com/2009/03/04/marginal-marginalizers/?apage=2#comments

And in the case of the USA, accumulation of wealth NOT for the state but for the few Super wealth holders (be it individuals or corporations).

In Singapore, the richest entities currently are Temasek and the GICs, which still belongs to the state (the latter expressly so and the former, implicit). I hope we are still ok.

07 March 2009