this post was submitted on 20 Feb 2026
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I’d blame Friedrich Hayek, Milton Friedman and their disciples on both sides of the Atlantic. Not sure if a legal system based on Roman civil law/the Napoleonic code would have slowed neoliberalism or whether it’s merely correlated with the cultural divide between the former British Empire and continental Europe.
Also, isn’t Singapore a common law jurisdiction with a solid state-backed programme of building housing?