The Bitter Truth: Why Asia’s Tigers Suffer while the Nordics Thrive (Part 3)

Democratic societies like Taiwan can still fall victim to an authoritarian corporate environment.

The News Lens
Date: 2018/02/07
By: Justin Hugo

This is the third in a 5 part series. You can read part 1 here and part 2 here.

Authoritarianism, tax and profit

The absence of external checks on government described in part 2 inspires little faith

Yulin Huang

given that the government has such high control of the largest companies in Singapore. Can companies be expected to act for the benefit of their workers without public scrutiny or government guidance? Evidently not, given the low (de facto) minimum wages in Singapore, and as we will soon see, the miserable social protection offered to Singaporeans.

Whereas the mistake the international community makes is misunderstanding how Singapore is run, the mistake with regards Taiwan stems from not understanding that despite being politically democratic, Taiwan is corporately and, to some extent, socially authoritarian.    [FULL  STORY]

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