🇬🇧 "In 1985, Singapore’s per capita GDP was US$6,500, as against Britain's US$8,200... By 1995, Singapore’s per capita GDP of US$26,000 had surpassed Britain’s US$19,700.
Our workers earned more than the British workers. They also owned their own homes and had more savings (in Central Provident Fund and POSBank accounts) than the British workers."
— Lee Kuan Yew, detailing the ultimate irony of Britain's rapid decline (2000).
In just one decade, the former colony had economically eclipsed its master, validating Lee's warnings about the welfare state.
Borderless Asia
🇬🇧 "In 1985, Singapore’s per capita GDP was US$6,500, as against Britain's US$8,200... By 1995, Singapore’s per capita GDP of US$26,000 had surpassed Britain’s US$19,700.
Our workers earned more than the British workers. They also owned their own homes and had more savings (in Central Provident Fund and POSBank accounts) than the British workers."
— Lee Kuan Yew, detailing the ultimate irony of Britain's rapid decline (2000).
In just one decade, the former colony had economically eclipsed its master, validating Lee's warnings about the welfare state.
Watch the latest video on Lee's thoughts on why the UK declined: https://youtu.be/scJirMIDRhg
1 month ago | [YT] | 173