Singapore, where the government owns most of the land and housing and a stake in most business is the American right's "capitalist ideal"

Mocking laughter seems an appropriate response for that level of idiocy. But, on the slim chance that they’re genuinely ignorant rather than just disingenuous, start here:

Or, for a more polite version, try:

Or if you want some quotes with it, see:

Ten seconds of Googling will provide an almost limitless selection of other sources.

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