Andrew Bannister

Naive optimist

[Andrew Bannister @Bannisterious]

@AfricaFirsts That’s great but I wonder how many South Africans would make the Nigerian side

[Andrew Bannister @Bannisterious]

@Rendani666 Tragic

[Andrew Bannister @Bannisterious]

The difference between governing ideologically and intelligently. Neighbours with GDP difference of

[Handre @Handre]

In 1965 Malaysia kicked Singapore out of the Malaysian federation, and Tunku Abdul Rahman thought he had won. He had dumped a port city with no oil, no farmland, no fresh water, and two and a half million people crammed onto an island smaller than Lake Tahoe. Sixty years later Singapore's GDP per capita runs past $84,000 while Malaysia limps along under $12,000. The man who got expelled built the richest patch of dirt in Asia. The man who did the expelling built the New Economic Policy.

Let's study what happened.

Start with what Singapore lacked. No resources. No hinterland. No domestic market worth the name. By every theory that says a nation needs raw materials to prosper, Singapore should have starved. Instead Lee Kuan Yew made his country a place where capital felt safe. Low tariffs. Easy entry for foreign firms. Courts that enforced contracts instead of shaking down the parties. Corporate tax dropped to 17 percent, personal rates capped at 22, no tax on most capital gains. Money flowed in because money is not stupid.

Malaysia chose the opposite. The New Economic Policy was racial central planning dressed up as fairness. Bumiputera quotas demanded that ethnic Malays hold 30 percent of corporate equity, that government contracts favor Malay-owned firms, that universities admit by race rather than ability. The state picked winners by bloodline. Predictably, the productive Chinese and Indian minorities took their capital and brains elsewhere, much of it to (where else) Singapore. You distort prices and incentives long enough, the talented people leave. They always leave.

Lee Kuan Yew was not perfect. The man jailed opponents, sued journalists into poverty, and ran a soft authoritarian state with a fondness for caning. He banned chewing gum, which is the kind of thing a control freak does when he runs out of real problems. Singapore is no libertarian paradise. The government owns Temasek and GIC, sovereign wealth funds sitting on close to a trillion dollars combined, and public housing covers 80 percent of the population. Plenty there for a free market thinker to dislike.

But here is the lesson Malaysia missed. Lee understood the difference between an interventionist government and a parasitic one. Singapore's state stayed mostly out of the price system. It kept inflation low, the currency credible, the bureaucracy clean, and trade open. Transparency International ranks it the fifth least corrupt country on earth. Malaysia sits at 57th, with a former prime minister, Najib Razak, currently serving time for looting 1MDB to the tune of billions. One country treated public office as a trust. The other treated it as a buffet.

Capital responds to incentives, not slogans. When Singapore guaranteed property rights and kept the rules predictable, Exxon and Shell built refineries, banks set up regional headquarters, and the port became the busiest transshipment hub in the world. When Malaysia told investors that race would override merit and that the rules could change whenever a minister felt like it, the smart money discounted everything by a risk premium. Over fifty years that premium compounds into a $70,000 gap in living standards.

[John Cleese @JohnCleese]

Eureka!! Hope you all are enjoying the World Cup

[Andrew Bannister @Bannisterious]

@RonaldLamola @DrTedros Why waste your time with Bill Gates employees

[Andrew Bannister @Bannisterious]

@DrRitaDed Ritarded

[Andrew Bannister @Bannisterious]

@sansurszpr0fiI Or inspire them

[Andrew Bannister @Bannisterious]

@ChrisHatt11 Because it didn’t cost him a cent - we paid for it

[Andrew Bannister @Bannisterious]

@IfindRetards Parody account

[Andrew Bannister @Bannisterious]

@OscarChalupsky @emirates @PeiSheng_boat Your an inspiration

[Andrew Bannister @Bannisterious]

@NadiaFerreira85 Average Eskom salary now over R85k/month!

[Andrew Bannister @Bannisterious]

@WesternPulse88 They didn’t even have children!

[Andrew Bannister @Bannisterious]

@WesternPulse88 @grok is this true?

[Andrew Bannister @Bannisterious]

@Abramjee “Thanks for taking yourself out”

[Andrew Bannister @Bannisterious]

You won’t see this reported in mainstream media

[Robert W Malone, MD @RWMaloneMD]

The DoJ announces that the SPLC paid klan members a monthly salary to stay in the KKK and recruit new members. That a non-profit would do this is sick and sad. Just what were they thinking?

[Andrew Bannister @Bannisterious]

Redi why have you never spoken against the “Trusted News Initiative” which it seems all mainstream media outlets joined in December 2020? I have asked most of the South Africans media and they all ignored me except Media24 which did finally admit to it in correspondence. You could not say anything that might lead to “vaccine hesitancy” in the media. You could not discuss alternative treatments. Local Dr Shankara Chetty published his treatment protocol in August 2020 and used that to successfully treat over 10k patients and received almost zero coverage. You may have noticed that 2 years of lockdowns decimated many businesses and our economy.

[Andrew Bannister @Bannisterious]

@ChumaSamk91253 @Patriot_S_A @MaetisaTeb9961 His son

[Andrew Bannister @Bannisterious]

@Patriot_S_A @JustXavierB He was the son of Jerome “Donkey” Booysen.

[Andrew Bannister @Bannisterious]

@jamesstyan I drink Johannebsurg water daily