+1 for Not nationalising the transport system. But it's wrong to think that we have a free-market transport system now. Because it's still a monopoly, aided by govt regulations.
From a yahoo article:
PM LEE:
Rebutting Low again, on his question as to why the government can’t nationalise public transport and utilities to make costs lower for Singaporeans, Lee posed this comeback: If it were so simple, why other countries in the world haven’t done that?
“Why is it many countries that used to do it have decided this is bad? If the government solves all problems, then why in China, did Deng Xiaoping have to do liberalisation and opening up, and upturn so many things which Mao Zedong believed in, and depend on the market and profits and depend on people getting wealthy and bringing the country forward?“ Lee asked.
“If the government can do everything and all will be well, then the North Koreans should be the most prosperous people in the world!” he declared.
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