fatvegan

Singapore is such a tight ship. Despite doubtful sorts of democratic processes, they've managed to run the country fairly well for 50 years or something. They have the sort of superannuation that you're not meant to have. It's run by the government, it's monolithic, and it's compulsory. Chile, on the other hand, has exactly the sort of system you're supposed to have. The World Bank even helped them build their system, and the World Bank is basically the authority on what you're supposed to do and not supposed to do. But during the 1980s annual management costs in Singapore where 0.1% of total assets and in Chile they were 2.3% of total assets. Singapore runs a much better quasi-dictatorship, than silly old Chile's fair-dinkum dictatorship.