In case you missed it, please do check out Jacob Hjortsberg’s excellent essay on Singapore over at Capital Matters.

[L]ike other social democracies, Singapore is organized around a corporatist system of centralized wage bargaining. The state assumes the role of ensuring that industrial relations are characterized by labor peace, cooperation, and avoidance of strikes, and that capital and labor exchange class struggle for harmonious industrial relations, to bring about increases in prosperity over time.

Singapore is the favorite semi-authoritarian society of many Western libertarians. Hjortsberg very ably explains the ways in which the Singaporean way is at odds with classical liberalism and hints at why that is nonetheless so attractive to many inside and outside of the country.

Do read the whole thing.