Move the Fence, Do Not Demolish It: My Submission to the COE Public Consultation
- Library
- November 2, 2026
Singapore should move away from an increasingly obsolete engine-and-power COE classification towards a value-based one. But the failure of the present boundary does not, by itself, establish that the purpose behind maintaining differentiated access has disappeared.
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Singapore should move away from an increasingly obsolete engine-and-power COE classification towards a value-based one. But the failure of the present boundary does not, by itself, establish that the purpose behind maintaining differentiated access has disappeared.
Eighteen months after my April 2025 tariff essay, I revisit what I got right, what I missed, and what tariffs, DeepSeek and the AI investment cycle reveal about a broader economic principle: systems adapt around constraints.