Everyday life

Inequality and the need for a new social compact

Singapore Perspectives 2012
Singapore inclusive: bridging divides
Background paper: Inequality and the need for a new social compact

by

Manu Bhaskaran
Ho Seng Chee
Donald Low
Tan Kim Song
Sudhir Vadaketh
Yeoh Lam Keong

http://www.spp.nus.edu.sg/ips/docs/events/p2012/SP2012_Bkgd%20Pa.pdf

Brilliant insightful piece. Drawing on very recent research, economic policy papers and behavioural economics and psychology. A timely paper indeed.

Some takeaways

  • neoliberalism is rubbish
  • governments are “necessary to regulate, stabilise and legitimise markets”

Came across this report while reading Singapore Inc. Needs a Rethink, Economists Say in wall street journal online (by Chun Han Wong).

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