Dr. Fernando Morales on Nostr: If you're referring to the state owning all the land, then yes, but it's the same ...

If you're referring to the state owning all the land, then yes, but it's the same case everywhere. Once you've signed your deal with the state, there's pretty robust property right protection laws. Basically, the only thug in town is the Singapore government but they'll let you carry about your economic business and you don't have to worry about other thugs coming in and destroying/stealing everything.

Some governments protect property rights better than others. Those that do it best and allow decent amount of economic freedom tend to boom.