Most capitalist country

My friend from Sweden, who had worked in Singapore for a few years previously, came back for a short visit. He was surprised at the high cost of living here. He said that milk powder in Cold Storage cost 4 times the price in Sweden. Most of the other items here are more expensive than Sweden.

He also said that Singapore has become the most capitalist country. I asked him to explain this statement. He saw two 20 year old condominiums in Holland being torn down to build new condominiums that are higher and smaller. While this can bring profit to the developer, it is wasteful to tear down a building that is still relatively new and replace it with smaller apartments in taller buildings. This must reduce the quality of the living space, for the sake of short term profit.

I agreed with this view. I have always been against the practice of tearing down relatively new buildings.

Tan Kin Lian