Singapore is an odd country. The only country, to my knowledge, that had independence thrust upon it without its consent. Extremely prosperous compared to its neighbors. An autocratic, single party state where the government is so popular that they need to rig their elections against themselves to get dissenting voices. One of the most militarized countries (#3 by military spending per capita) in the world, yet their military has barely been used.
What would you even call their socioeconomic system? They're not exactly doing neoliberal capitalism, their government is far too involved for that. They're not socialist, they've got free enterprise galore. The autocracy+militarization+heavily meddled with big business thing most resembles fascist states, but without the typical racist scapegoating (on the contrary, they've put a frankly inordinate amount of effort into preventing racial infighting).
In most countries "The country also passed a new law earlier this year that would allow the police to control the bank accounts of individuals who they suspect to be scam targets and limit what transactions they can do." would probably set off alarm bells, but it does seem like business as usual in Singapore.
What would you even call their socioeconomic system? They're not exactly doing neoliberal capitalism, their government is far too involved for that. They're not socialist, they've got free enterprise galore. The autocracy+militarization+heavily meddled with big business thing most resembles fascist states, but without the typical racist scapegoating (on the contrary, they've put a frankly inordinate amount of effort into preventing racial infighting).
In most countries "The country also passed a new law earlier this year that would allow the police to control the bank accounts of individuals who they suspect to be scam targets and limit what transactions they can do." would probably set off alarm bells, but it does seem like business as usual in Singapore.