The Heritage Foundation’s 2009 Index of Economic Freedom: Singapore, #2. (This was triggered by a A news reporter in that country who was just sentenced to twenty years hard labor for reporting on the country’s Tamil rebel force. In that country, that means “supporting terrorism”. Sound familiar?)
Freedom House ranks Singapore at 4.5 (on a descending scale of 1-6, 6 being the worst) on the freedom scale, placing it in league with Haiti, Uganda and Pakistan.
The moral: Economic freedom often goes hand-in-hand with oppression. Another way of phrasing it: Economic freedom = rule by wealth.
Piece of Mindful 
Singapore is unique in many ways. This example doesn’t support your conclusion.
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