So ultra-capitalistic that this tiny island has turned into by the hybrid regime yet there is no free market to a large extent? Yes, there is no free market to a large extent. Many prices are politically determined.
There are choices available for example in choosing a telco for our cellphone plan & internet plan. However the freedom to choose is an illusion as all the 3 telcos are controlled by the hybrid regime.
Hybrid regime dictates:
- Salaries of Peasants
Open floodgates wide & flood in hordes of cheaper foreigners to suppress the locals salaries & replace them. Plenty of natives should have realized by now that their salaries are politically determined.
- Cost of housing
Manipulate public housing costs till absurd levels to bleed the peasants retirement savings dry. Private housing prices soar upwards as a consequence as well as rental for housing & business space.
- Driving Costs & Public Transportation Fares
Manipulate no. of permits required to buy vehicles. Public transportation companies are govt-linked which the hybrid regime will dictate fare prices.
- Food Costs
Never build hawker centres for 26 years to force peasants into paying more for food in high rental coffeeshops.
- Healthcare Costs
Don't build hospitals as the hybrid regime floods in foreigners. Supply stagnant while demand explodes.
- Communication Costs
The 3 telcos are govt-linked companies. Their prices are pretty much similar for their offerings.
By controlling those key prices affecting the lives of peasants & the costs of doing business, the hybrid regime (PAP = Pay & Pay) basically dictates the high costs of living by ensuring the peasants are bled dry through Pay And Pay policies & its associated companies.
There's no escape from politically determined prices for the above essentials for the peasants who live & do business in the tiny island. For major shipping companies like Maersk & Evergreen which are the 1st & 2nd largest shipping companies in the world, there's freedom of choice for them. Both ditched S'pore & moved over to the johorean port(Malaysia) of Tanjung Pelepas.