“By embracing free trade, capital formation, vigorous meritocratic
education, low taxes, and a reliable judicial system, Lee raised the per
capita income of his country from $500 a year to some $52,000 a year
today. That’s 50 percent higher than that of Britain, the colonial power
that ruled Singapore for 150 years. Its average annual growth rate has
averaged 7 percent since the 1970s.” [National Review]
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