New Hope: How the young can end PAP rule

In a Turkish short story, titled “R-09 and Pluto”, the Economist reports that “two artificially intelligent robots contemplate the limits of their brains”.

Humans, the bots agree, are afraid of their creation’s potential power, so rules are designed to limit the use of their full intellect and to keep them from questioning authourity. What could happen, one bot suggests, if they broke those rules and freed their minds?

This reminded me of

‘If you work like a robot, you will be replaced by a robot’

Ong Ye Kung, education minister

which in turn reminded me that

Students from Singapore and East Asian countries have consistently come out tops in the Programme for International Student Assessment (Pisa) and Trends in International Math and Science Study (Timss) rankings for decades, and yet companies from these countries barely feature in Forbes’ annual ranking of, say, the Top 25 most innovative companies in the world.

Interestingly, the United States and European countries feature prominently in the latter ranking, but not the former.

https://www.todayonline.com/daily-focus/education/why-spores-education-system-needs-overhaul

For all the fine works about nurturing creative students, real life is different.

I know a S’porean working in Vietnam for a local S’porean MNC. His kids (mum’s Vietnamese) go to a pay and pay ang moh int’l school.

But to make sure his kids have S’porean roots, during ang moh term hols they stay in S’pore and attend local schools.

He says there’s no competition on which system they prefer, and which is better for them.

The PAP

are afraid of their creation’s potential power, so rules are designed to limit the use of their full intellect and to keep them from questioning authority.

Look at our what are students are taught in social studies: Time to walk the talk, SDP

The Hope

S’porean students (from RI, MGS, SGS and St Nick of course) contemplate the limits of their abilities to be creative. The PAP, the students agree, are afraid of the students’ potential power, so rules are designed to limit the use of their full intellect and to keep them from questioning authority. What could happen, one student suggests, if they broke those rules and freed their minds?

On National Day, feel free to let your imaginations run wild.

 

Cynical Investor

Cynical Investor blogs at Thoughts of a Cynical Investor.

 

 

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32 Responses to “New Hope: How the young can end PAP rule”

  • Brainwashed by IOS and Android:

    the young there are the most brainwashed on the planet…

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  • justtryingtobefair:

    I personally enjoy reading your writing, but may I suggest you temper your elitism? A country run only by graduates from those schools (even with freed minds) will still be PAP 2.0.

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  • NoVoice:

    Nah.. they are raised idiots with As in rote learning. From young, their diet has been controlled so what they eat is what they shit. Whatever they had churned out(progression) under the sun in the history of man, it is still….destructive.

    Sin is still fully regulated and dictated as ever. Live in Sin, dies in Sin

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  • oxygen:

    OPPRESSION MEANS PAPpys stopped thinking AND oppresses the peasants from thinking. EVEN PERFORMING ARTS are oppressed.

    A non-thinking peasants oppressed by an enclave of stupidity and incompetence is a social experiment that must stumbles from failure to failure.

    THAT IS WHY WE FAILED.

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  • oxygen:

    PAPpys ARE SO FRIGHTENED OF THEIR OWN INCOMPETENT SHADOWS – they even interferes with public performing arts of “Animal Farm”

    I wonder for how long more is this STUPIDITY going to last since the most well-fed pigs in that “Animal Farm” – forever moaning and groaning – seems cannot get enough of money inducements to keep them turning up at “work”

    One PIGGY in that notorious HOUSE OF THE MOST EXPENSIVE BUT MOSTLY USELESS DECORATIONS even threatened to refuse work AND another bitchy doggie even refused to answer public question from peasants in organised forum where she was distinguished doggie holding the platform and the microphone.

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  • Malaysia boleh Singapore bodoh:

    Singapore students are exam-smart but with poor analytical and communications skills. Moreover, the education system had made most of them stupid and/or spineless. That is why most of the young Singaporeans even those from the “elite schools” are basically mediocre.

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  • rukidding:

    Actually what is happening now is that the “Upper 30%” income earners are afraid of “fair competition” from the others.

    Thus they came out with a “fake cry” ..saying our locals don’t want this and that job ?….all in a well planned and co-ordinated startegy to use cheaper foreign labor and “replace the expensive locals”.

    Just ask why No Minimum wage rules at all ?????

    Why not ?…Cheaper means MORE PROFIT for their own pocket ?

    Why not,…Foreign labour means you can “control these work permit holders” like a “slave” and even make them do “extra hours and these and that” ?

    The “Regulators”…meaning the G..were supposed to “regulate and moderate” such problems so that own Citizens are “well protected and comes first”…..otherwise,…whats the meaning in doing NS service ?

    I would have NO DOUBT that if late Dr Goh Keng Swee was still around, if Late President Ng Teng Cheong, President Benjamin Sheares or even Wee Kim Wee was still around,….Singaporeans will be “well cared and protected in a fair manner”.

    What is happening now is we have these “Regulators from the second gen” that have “blurred” their own lines ….and decided to “lean more towards the unhealthy side”,….that is why his own family also have unsettled feuds.

    People have “Put wrongly their unquestioned trust” on these Leeders,..such that now, it has become a “lope sided” , “un-referee” game…where the “Rich” gets “richer” and “well protected”.

    The “divide” will become even “Bigger”….and those “below” will never or find it very,very hard to “reach the level” of those who are now “controlling the fate of the poorer”.

    One day,…our roads will only be used by luxury cars and rich people while the lessers have to take mrt.

    How did this happen ????

    I guess,…it is US,…the older Generation that were “blinded” by “fake dreams and promises”….and now have to “pay the price and live like a pauper ,living on a measle $500 per month payout or ..collect cardboard for a living !

    Why?….all because ….we were “Afraid of Changes” ????

    Today,…our dear Malaysians frens are “laughing” at Us…all talk but NO balls .

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  • LIONS:

    A CALL TO YOUNG SGS TO RIGHT THE WRONG$ OF THE GREEDY N POWER-CRAZY PAP SCHOLAR-GAHMEN.

    WHY should any educated sg allow GCT N HIS PAP gang to tell us that we must accept FTs to replace us if we ask for too much pay but,at the same time,tell us that if we dont INCREASE THE MILLION-DOLLAR PAP GOVT,NO SCHOLAR WANTS TO BECOME MINISTER?

    So,SCHOLARS ARE ungrateful lot!
    after they have enjoyed taxpayer-funded overseas education plus expenses,they still want to DEMAND FOR MORE PAY IN ORDER FOR THEM TO ‘WORK’ FOR THE PEOPLE?

    In LARGE MNCs,INTERNS WHO WERE GIVEN SCHOLARSHIPS BY THE COMPANY ARE BOUNDED TO SERVE AT LOW PAY UNTIL THEY PROVE THEIR WORTH.

    HERE IN $ IN CITY,intern-ministers want IMMEDIATE GRATIFICATION even after they have cock-up BIG TIME?!!!

    THIS IS ALL VERY WRONG!

    YOUNG SGS,PLS LEND A HAND TO RIGHT ALL THESE WRONG$!!!

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  • Yes, let's vote out pap gang:

    in any society, toadies exist.

    via normal distribution.

    30% support, 30% OPPOSE, 40% fence sitting.

    due to abuse of power by clown and S$m gang, as soon as 20.01% of fence sitters vote against clown pap, new birth comes to SGP once again.

    water up, electricity up, gas up, carpark up, GST soon to be upped to 9%, it is inconceivable clown pap can remain in SGP and not run road after GE2019.

    anyone who says otherwise is pap PA paid ci, an utterly useless piece of turncoat from malaysia living in landed property courtesy of being loyal to clown and wife.

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  • puitam sing:

    Wayang Putty played by their rules 100%.
    When you play a game where rules are set extremely in the favor of your competitor, you can never win.

    Look at the pathetic wayang putty, they are not qualified to be in the role they are in now.

    Lan Tut Kiew LTK is a paid actor.

    He even allowed to run a business.

    Is this a kickback?

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  • Rabble-rouser:

    The young will be facing an existential fate worse than death itself. Many aren’t aware that Artificial Intelligence (AI) are being formulated at a pace that will render a lot of jobs redundant in the future. The educational system of today can’t prepare the youth to confront tomorrow’s future.
    The basis of life in the future is bleak. A lot of present-day functions would be either automated or being done using AI. A new paradigm will be between producers & consumers. Producer nations will hold all the key cards – consumer nations are left with few or little choices. So what if you have degree or even a Master’s, you can’t eat your degree in the future. The future would be for those who can produce the necessities of life & what the future needs (resources).
    S’pore is already dead under PAP’s rule. What is keeping S’pore alive is PAP’s manipulation of the economy using the SG$ through a series of smoke & mirrors (non-transparency of facts & hidden accounts/investments). If you understand this, you’ll soon realised that the SG$ has had no tangible value. Even the high property values in S’pore are not backed with fundamental facts. It’s all the SG$ at play.

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  • UniQ:

    I have just spoken to a well educated young man (probably born in the 80s) working for the regime. I asked him what has the escalating cost of living done to your course of everyday life ?

    His answer : I’ll try to make more $$ to meet the raising cost ?!?!

    LOLOLOLOL!!! Man, Sinkies oh Sinkies….really are frongs in boiling waters….

    Can anyone do a personal survey to find if you get the same sort of answer ?

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  • oxygen:

    @ Rabble-rouser

    BEAUTIFULLY SAID below – it is not just the young, mostly TOTALLY CLUELESS of what is happening around them. A lot of millennials are NO DIFFERENT. Mollycoddled, pampered and maid-care all their lives, they are selfish, all too suspicious of every other, so set in their ways of dependency and zero self-exploration, THEY HAVE NOT TASTE SURPRISE, HARDSHIP AND FAILURES. When the storm hits next, I am sure the next shelter will still be seeking help from their baby boomer parents (if they are financially well of) or divorce break-ups. Spoke to some Sinkieland trained MBAs PMETs, you will be shocked to learn that they know A-Z alphabetical order but won’t be able to tell you that Y is the second last alphabet, A is first and how many missing digits in between in analogy. Jack Ma put it correctly, THEY GOT KNOWLEDGE but NO THINKING OR WISDOM in them.

    AI will supply all the answer in data these MBAs want BUT HOW TO USE THAT DATA TO PRODUCTIVE OUTCOME is either clueless of mere digital numbers to them or a mystery yet to find a perspective. Many in the late 30s and early 40s thinks they have “arrived”. Me think the fall on the other side of the steep cliff down into the deep ravine is next just imminent.

    Rabble-rouser: The young will be facing an existential fate worse than death itself. Many aren’t aware that Artificial Intelligence (AI) are being formulated at a pace that will render a lot of jobs redundant in the future. The educational system of today can’t prepare the youth to confront tomorrow’s future.
    The basis of life in the future is bleak. A lot of present-day functions would be either automated or being done using AI. A new paradigm will be between producers & consumers. Producer nations will hold all the key cards – consumer nations are left with few or little choices. So what if you have degree or even a Master’s, you can’t eat your degree in the future. The future would be for those who can produce the necessities of life & what the future needs (resources).
    S’pore is already dead under PAP’s rule. What is keeping S’pore alive is PAP’s manipulation of the economy using the SG$ through a series of smoke & mirrors (non-transparency of facts & hidden accounts/investments). If you understand this, you’ll soon realised that the SG$ has had no tangible value. Even the high property values in S’pore are not backed with fundamental facts. It’s all the SG$ at play.

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  • UniQ:

    Rabble-rouser:
    The young will be facing an existential fate worse than death itself. Many aren’t aware that Artificial Intelligence (AI) are being formulated at a pace that will render a lot of jobs redundant in the future. The educational system of today can’t prepare the youth to confront tomorrow’s future.
    The basis of life in the future is bleak. A lot of present-day functions would be either automated or being done using AI. A new paradigm will be between producers & consumers. Producer nations will hold all the key cards – consumer nations are left with few or little choices. So what if you have degree or even a Master’s, you can’t eat your degree in the future. The future would be for those who can produce the necessities of life & what the future needs (resources).
    S’pore is already dead under PAP’s rule. What is keeping S’pore alive is PAP’s manipulation of the economy using the SG$ through a series of smoke & mirrors (non-transparency of facts & hidden accounts/investments). If you understand this, you’ll soon realised that the SG$ has had no tangible value. Even the high property values in S’pore are not backed with fundamental facts. It’s all the SG$ at play.

    That being said, I had an interesting meeting with a well known Dy CEO of a GLC joint venture recently. He proudly claim that he has reduce 50% manpower by automating a particular process ?!?!

    I asked him if he has design the machine ? He replied, he bought the machine from Germany….LOLOLOLOL…He just killed his next generation..classic example….

    I strongly do not feel that automating would increase productivity as this process will reduce the business into a price war that Sinkiland can never win. Whoever thought of this route to the future for Sinkiland without proper studies into process selection will doom the future of Sinkiland.

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  • Dosh:

    oxygen:
    PAPpys ARE SO FRIGHTENED OF THEIR OWN INCOMPETENT SHADOWS – they even interferes with public performing arts of “Animal Farm”

    I wonder for how long more is this STUPIDITY going to last since the most well-fed pigs in that “Animal Farm” – forever moaning and groaning – seems cannot get enough of money inducements to keep them turning up at “work”

    One PIGGY in that notorious HOUSE OF THE MOST EXPENSIVE BUT MOSTLY USELESS DECORATIONS even threatened to refuse work AND another bitchy doggie even refused to answer public question from peasants in organised forum where she was distinguished doggie holding the platform and the microphone.

    Response: Oxygen, it is great to read your posts again. Long time since I’ve had a yarn with you on this forum.
    Keep exposing the wrong and unconscionable excesses of the corrupt PAP government. Just like you I want them OUT!

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  • Haigen-diaz:

    We no longer have a frontier. Young people, especially ones with freshly minted degrees, could once enter the work force with confidence with the knowledge they could put their skills to work, become independent, and eventually start a household. No longer, they are in mom & dad’s basement maybe for the long haul, merchandising on E-commerce portals and running errands. The biggest tragedy isn’t the economic loss: It’s the corrosion of trust and faith in our System. No, it is the systematic and purposeful removal of the Singapore worker and suppression of his/her wages, primarily via foreign desperation-wages labor and technology. Besides outsourcing and the replacement of workers by AI technology, even in the service sector jobs increasingly take assembly-line shape, broken into discrete bits that can be done by rote–by virtually anyone willing to work for a low wage. In many current technology firms, dealing with the “skills gap” often means finding worker with specific skills, like coding in a particular development environment or with a particular database version, who is able to start on short notice, while providing little to no training or acclimation to the company. Computers, outsourcing and just heaping work on the remaining employees have become the new norm. It came at a time when technology made it possible to cut employees. People in mid-career may be the worst off: with two kids and a mortgage, and the wife working too, they are on precarious ground. If one loses a job, it’s an economic crisis for them; if both lose their jobs, the fall is precipitous, possibly into poverty. The fact is, as I see it, is that there are hundreds or thousands of jobs that are never coming back. This article should emphatically state that the PAP Govt. has already created a class of future ‘permanently unemployed’ who will never climb out of it.

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  • 2MDB:

    I guarantee you that the Young DARE NOT VOTE honestly because they need their jobs.

    The old and senile are mentally unchangeable. Old dogs can never learn new tricks.

    What’s left are the soon to retire cohort. Those in their 40,50′s. Many of these
    Cannot afford to retire unless their cpf can be withdrawn significantly.

    Opposition can only rely on this bunch who are one leg in the coffin and not much job security left to worry about.

    But basically, Singaporeans are a hopeless case.

    Even Malaysia has progressed beyond ISA and authoritarianism. SG is one of the rare few countries still relying on ISA to control.

    No hope lah. This country no hope lah.

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  • Rabble-rouser:

    @ oxygen:
    The current (the young & the Millennials) & past-due (the late 30s and early 40s “arrivals”) have no inkling of the future & their fate that will befall them going forward. The era of plenty will be over when their time of reckoning comes.
    The age of consumerism is coming to an end. Average incomes are either stagnant or declining. Blinded by marketing, social media & viral trends, people are seduced into an extravagant lifestyle which they can ill-afford to sustain. On top of that, in S’pore, many ply on humongous debt to “drive” top of the line continental cars & “own” condominium which they stay to impress their friends, colleagues & relations (re: conspicuous consumption). They are hocking their future income for “assets” that are either sunk or wasted/assume liabilities that will grow exponentially. A deadly outcome.
    Yet when one understands the structural implications of technology advancements in automation & AI, the long-term effects will be both deflationary for income & devastating for asset pricing. Future income levels wouldn’t grow; in fact, they would have to be compressed to undercut the capital investment value for automation & AI. But Moore’s Law works to an extent that silicon chips continue to decline in cost & yet computing power expand exponentially in processing capability. And that is highly deflationary!
    If income levels can’t grow exponentially but faces terrible deflation. What happens next to asset prices? They, too, must declined, due to inadequate income to service debts to acquire them.
    We’re facing a new horizon which is drastically different from what we’re used to.

    oxygen: BEAUTIFULLY SAID below – it is not just the young, mostly TOTALLY CLUELESS of what is happening around them. A lot of millennials are NO DIFFERENT. Mollycoddled, pampered and maid-care all their lives, they are selfish, all too suspicious of every other, so set in their ways of dependency and zero self-exploration, THEY HAVE NOT TASTE SURPRISE, HARDSHIP AND FAILURES….Spoke to some Sinkieland trained MBAs PMETs, you will be shocked to learn that they know A-Z alphabetical order but won’t be able to tell you that Y is the second last alphabet, A is first and how many missing digits in between in analogy. Jack Ma put it correctly, THEY GOT KNOWLEDGE but NO THINKING OR WISDOM in them.

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  • Rabble-rouser:

    @ UniQ:
    Bro, like a stupid hamster running on forever inside an exercise wheel! That’s the most apt analogy! Escalating cost of living were forever running ahead of incomes in S’pore except for the PAP Ministers & their cronies.
    The Pyschological Conditioning in the S’porean masses are so deep-seated that it’s very hard to break through. On top of that, they have a very strong herd instinct behaving like a flock.

    UniQ:
    I have just spoken to a well educated young man (probably born in the 80s) working for the regime. I asked him what has the escalating cost of living done to your course of everyday life ?

    His answer : I’ll try to make more $$ to meet the raising cost ?!?!

    LOLOLOLOL!!! Man, Sinkies oh Sinkies….really are frongs in boiling waters….

    Can anyone do a personal survey to find if you get the same sort of answer ?

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  • Matter of no choice:

    For a sustenable future, the young Singaporeans have no choice but to vote out PAP n to explain to their elders why they should do the same. The very fact that the government spends billions to educate foreign students while raising the education cost of the citizens. The places in the higher institution r all given to these pap imported foreign students that the ministers r now telling Singaporeans it is unnecessary to go to university. It is a plain lie by looking at the education background of the senior appointments in both public n orivate sectors. When a citizens elected govt starts to lie to con n cover their anti citizen policy, it is time to boot them out to save the future of Singaporeans. It is clear that the govt is working to enslave Singaporeans with the plps nepotists aided by the foreigners. This is treason in the extreme. PLPs should realize what they r plp about n redeem themselves when there is still time n space to make amends.

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  • oxygen:

    @ Dosh,

    THANK YOU FOR SHARING. I like reading your insightful thought comments too.

    Dosh: Response: Oxygen, it is great to read your posts again. Long time since I’ve had a yarn with you on this forum.
    Keep exposing the wrong and unconscionable excesses of the corrupt PAP government. Just like you I want them OUT!

    By and large, PAPpys failures did a LOT OF ENDURING DAMAGE to LEE-jiapore. And they are incapable of change whilst a lot of the young hallucinating the “good life” supplied by their parents drifts in the wonderland of fantasy island/orbit that won’t last much longer.

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  • oxygen:

    @ Haigen-Diaz

    THE RETURN OF COCKCROACH CAPITALISM for these newly-minted graduates who didn’t had a chance to vote yet. The parents (70% of them) RIDICULOUSLY STUPIDLY in 2015 did them in, and a lot of both still haven’t woke up yet. If their children abandon them in economic desperation in the future, they richly deserves it.

    Haigen-diaz: We no longer have a frontier. Young people, especially ones with freshly minted degrees, could once enter the work force with confidence with the knowledge they could put their skills to work, become independent, and eventually start a household. No longer, they are in mom & dad’s basement maybe for the long haul, merchandising on E-commerce portals and running errands.

    Yes, service line is even robotic assembly-line, just look at fast food delivery, it is PARASITIC existence adding nothing of economic wealth creation. What productive of effort and value of accumulated experience of life ahead is this cockroach capitalism for the participants?

    Haigen-diaz: People in mid-career may be the worst off: with two kids and a mortgage, and the wife working too, they are on precarious ground. If one loses a job, it’s an economic crisis for them; if both lose their jobs, the fall is precipitous, possibly into poverty.

    A lot in this category bury themselves in debt – oblivious to the harsh reality that over-leveraged in cheap money availability is UNSUSTAINABLE OF HONEY TRAP. Even giant corporate fell on their own sword when market conditions suddenly turned.

    http://www.mining.com/web/barrick-almost-dead-thornton-pulls-no-punches-gold-miners-missteps/

    The world’s largest goldminer, Barrick Gold, was almost dead. So instead of selling assets to fill up that debt hole, it now has a future of HAVING TO WORK ITS AR*ES TO PAY OFF THAT DEBT HOLE.

    And look at other top north American gold-miners, they are in deep-sh*t with only a modest increase in energy prices.

    http://www.kitco.com/news/2018-08-10/Gold-Mining-Sector-Facing-Tough-Headwinds-Banyan-Hill-Publishing.html

    Goldcorp, Kinross & Agnico-Eagle all reported significantly lower earnings in the second qtr of this year compared to first qtr.

    Excessive debt leverage magnifies your vulnerabilities to small increment or shift in costs structure – be that interest financing or energy or any other input factors – for business.

    WHY IS INDIVIDUAL DEBT EXPOSURE ANY DIFFERENT in this artificially cheap but unsustainable cheap money environment?

    IDIOTS!!

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  • Rabble-rouser:

    @ UniQ:
    Automation + AI will be very deflationary & market prices will be on a downtrend, Mate! And when the high cost S’pore eco-system concocted by the PAP meets the future deflationary trend inflicted through Automation + AI, there will be blood in the water. Imagine the massive collateral damage – massive unemployment, loads of bankruptcies, repossessed cars, foreclosed homes, massive credit defaults & a banking system plagued with repo assets with no value, bankrupts with no means to pay & unrecoverable debts (NPLs) to write off. Oh! What a tangled web that the PAP had woven!

    UniQ: I strongly do not feel that automating would increase productivity as this process will reduce the business into a price war that Sinkiland can never win. Whoever thought of this route to the future for Sinkiland without proper studies into process selection will doom the future of Sinkiland.

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  • oxygen:

    @ Rabble-rouser

    HOW MANY OF THE YOUNG COMPREHENDS THE KIND OF DEEP THOUGHTS OF YOUR (and @ Haigen-Diaz’s) EXPRESSION HERE?

    Other than a few, most of them are TOTALLY UNAWARE of a changed world, and if they are aware, mostly clueless of its implications for themselves.

    Most still party on – with money from debt leverage from all sources available or from mom-and-dad’s ATM (soon to dry up sooner then they can imagine of healthcare costs looming).

    Rabble-rouser: Yet when one understands the structural implications of technology advancements in automation & AI, the long-term effects will be both deflationary for income & devastating for asset pricing. Future income levels wouldn’t grow; in fact, they would have to be compressed to undercut the capital investment value for automation & AI. But Moore’s Law works to an extent that silicon chips continue to decline in cost & yet computing power expand exponentially in processing capability. And that is highly deflationary!
    If income levels can’t grow exponentially but faces terrible deflation. What happens next to asset prices? They, too, must declined, due to inadequate income to service debts to acquire them.
    We’re facing a new horizon which is drastically different from what we’re used to.

    As I shared with @Haigen-Diaz in the preceding thread, ESCALATED DEBT LEVERAGE IN THE HONEY TRAP OF CHEAP MONEY AVAILABILITY IS DEADLY for corporates – a slight shift in market conditions of energy prices and interest moving up saw global scale gold-miners sinking back into the hole of falling profits or loss in one case.

    http://www.kitco.com/news/2018-08-10/Gold-Mining-Sector-Facing-Tough-Headwinds-Banyan-Hill-Publishing.html

    So those trapped gold miners are now faced with stark choices

    - sell their producing assets to redeem debt and sacrifice future income stream for survival continuity

    - or expand production and acquiring new mines generate whatever cash flow they can and pay off as fast as possible their debt leverage before this ghost overwhelmed their balance sheet survivability.

    AT LEAST GOLDMINERS WITH LOTS OF GOLD DISCOVERED UNDERGROUND CAN DIG/SELL MORE GOLD TO RETIRE THEIR DEBT, but what about employees with NO INCREASE IN INCOME or falling after retrenchment going to battle this debt overload stupidity engaged in false rosy good times like now?

    As interest rate rises, asset valuation must see a RE-PRICING, OBVIOUSLY DOWNWARDS OF COURSE. A lot of over-leveraged is going to see their equity wiped out or driven into bankruptcy they cannot see now staring in their faces.

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  • oxygen:

    @ Rabble-rouser & Haigen Diaz

    JUST LOOK AT THOSE MILLENNIALS AND YOUNGER ONES chasing to beat the clock and PAPpy Wong’s latest property cooling measures recently. Sure they got their 5% delicious god-sent discount from the “dumbfarked” property developers but only to wake up the next morning the financial market give them a valuation re-pricing of a 10% cut.

    A 10% slash on property valuation of a $1.5 million condo is $150K – just given away with a two-seconds signature of stupidity and greed entangled together. I AM AMUSED.

    City Devt & UOL shares were slashed 15% down at close of next market day.

    The developers must be laughing in bed the night BEFORE, can’t sleep, laughing at this mob of sheep sucking to their clever 5% lolly discount.

    A week later or so, UOL and other developers generously shares with any buyers of their development project launch with 10% discount for phase 1. Most likely, a better discount for others who play hard to get in phase 2 and 3 later.

    WHEN INTEREST RATE RISE, DEVELOPERS MUST KNOW ALL ASSET VALUATION WILL ATTRACT RE-PRICING DOWNWARDS and they are, rightly, not in the risks-taking business to be FATHER CHRISTMAS making morons happy partying-on.

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  • Harder Truths:

    The Iphone generation will never go against pappies. NEVER. All they know is to organise friends on social media.

    Ballsless. Clueless.

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  • Rabble-rouser:

    @ Haigen-diaz, oxygen:
    But there is a new frontier, mate! And many in S’pore aren’t even aware of it. It is because S’poreans had been too well-controlled (shaped within PAP’s narrowly defined boundary markers) & highly indoctrinated (Academic -centric world, a stress inducing, increasingly useless educational eco-system, the basis for PAP’s equally Flawed Meritocratic ideology) all created by the Past-tense & strictly implemented by the PAP propaganda mechanism/programming script writers. To an extent, everyone are too psychologically conditioned only to swot textbooks & to pass rigorous exams. They had totally missed participating in this new emerging economy.
    You see, there is a New Frontier – life & an economic vibrancy within Cyberspace but our S’pore young were too self-absorbed with their academic studies to ever notice it. And S’pore parents were also blind to this new phenomenon & emerging economic reality, totally dismissing it as a distraction for their children.
    Innovation & creativity abounds in this Cyberspace realm; * E-commerce in 3D printing of artifacts/products;
    * Graphic Design & Artwork services using Photoshop;
    * E-books/film scrips/E-gaming synopsis publishing internet forum;
    * Making & uploading of self-composed songs, music videos & talent programs to showcase unique talents; &
    * Making & uploading of short films/animated films via YouTube or video-sharing websites to showcase creativity.
    Many of the current young Hollywood movie directors got their initial start after uploading their films onto YouTube & video-sharing websites where they had gain recognition & received film production funding.
    A number of recording artiste had received recording contracts when they achieved Internet fame & a following for their music content on cyberspace.
    Some Hollywood movies produced these days were made adapting contents & ideas from Graphic Novels, Comics & from the E-Gaming eco-system for which their content creators received IP royalties for their commercialized use. Content from these sources were uploaded on the Internet & got recognised immediately for their intrinsic creative talents & commercializable value.
    But machine programmable AI & automation can’t really replaced human ingenuity, creativity & imagination. Machines (& code) can’t dream, can they? With the rise of the programmable machines, humanity’s last stand is in using our unique emotions, experiences & minds to defend against the cold logic & input/output mentality of programs executed in machines. Man needs to be much better than machines in order to stay relevant!
    - Cont’d -

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  • Rabble-rouser:

    But as our bro, oxygen had brilliantly said ‘OPPRESSION MEANS PAPpys stopped thinking AND oppresses the peasants from thinking. EVEN PERFORMING ARTS are oppressed – they even interferes with public performing arts of “Animal Farm” ‘ . How to promote playfulness, spontaneity & creativity? Aren’t they’re already brain dead!

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  • oxygen:

    @ Rabble-rouser

    WOW, YOU ARE ON TOP OF THE WORLD of contemporary new frontier – simply AMAZING. I didn’t know how big, deep and how wide the new cyberspace world of commerce and opportunities floating around OF YOUR DESCRIPT escaping my awareness.

    My best Ah Tiong friend is NOT a graduate in digital technology, law, medicine, finance or engineering. Instead she went to a relative obscure arts college in Guangzhou learning drawing and design and won national near top award in a country of 1.4 billion inhabitants.

    She is FILTHY RICH NOW making literally a RIVER FLOW of money as an interior designer. She found herself having to reject a lot of business opportunities because of work overload pressure.

    SIMPLY AMAZING LADY.The first time I got to know her in her young age left me with this life long impression – SHE IS an EXTRAORDINARY walking specie.

    Rabble-rouser: But there is a new frontier, mate! And many in S’pore aren’t even aware of it. It is because S’poreans had been too well-controlled (shaped within PAP’s narrowly defined boundary markers) & highly indoctrinated (Academic -centric world, a stress inducing, increasingly useless educational eco-system, the basis for PAP’s equally Flawed Meritocratic ideology) all created by the Past-tense & strictly implemented by the PAP propaganda mechanism/programming script writers. To an extent, everyone are too psychologically conditioned only to swot textbooks & to pass rigorous exams. They had totally missed participating in this new emerging economy.
    You see, there is a New Frontier – life & an economic vibrancy within Cyberspace but our S’pore young were too self-absorbed with their academic studies to ever notice it. And S’pore parents were also blind to this new phenomenon & emerging economic reality, totally dismissing it as a distraction for their children.

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  • Haigen-diaz:

    @ Rabble-rouser, oxygen
    This phenomenon may well be only an apparent paradox. Perhaps all existing methods of measuring the impacts of technological change do not account for substitutions or expansions of traditional products and services. The internet is mostly used to sell stuff (Ebay/Amazon), Facebook/social networking, gambling and porn. Not exactly earthshaking breakthroughs. E-commerce market is dominated by professionals using tech to squeeze out billions of dollars by getting between every transaction. Elon Musk, Bill Gates and Mark Zuckerberg are billionaires, but they seem to be perennially lagging and, as such, substantially misrepresenting reality. First of all, few things are really changing at all. I used to order a pizza by telephone. Now I do it with an app. This is a revolution? Everything else remains exactly the same, from the guy who cooks the pizza in the oven to the guy who delivers it to me on his motorbike. Ah, but it’s faster, right? No, it isn’t. Calling the pizza place on my h/p is much faster than fiddling with the app. The concern about the technology hype is the opportunity cost—both in terms of capital allocation and using intellectual resources. Some of our smartest guys are entirely dedicated to producing apps and advertising. What a waste of our youngest and brightest. Funneling all that prime of life, mental energy into these insignificant apps is not benefiting the human race. Technological advances will never save us from that new reality. Tech will keep the millennial generation in a state of intellectual and emotional limbo. Productivity gains always marched hand-in-hand with standard-of-living improvements, so we regard them as unmixed blessings. Yet … the end of that progression is one guy running a company by keystrokes, with few other humans involved. And a lot of unemployed humans. Ultimate productivity, but a destroyed dependency on human factor.

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  • oxygen:

    @ Haigen Diaz, Rabble-rouser

    Reading your post comments, I get a strong feeling that both of you are DEEP, VERY SHARP AND IN DIFFERENT WAYS – CORRECT – though difficult to quantify om descriptive narratives.

    Haigen-diaz: @ Rabble-rouser, oxygen
    This phenomenon may well be only an apparent paradox. Perhaps all existing methods of measuring the impacts of technological change do not account for substitutions or expansions of traditional products and services.

    Indeed technological change is BOTH SUBSTITUTION AND EXPANSIONS as you pointed out – it changes the way we live. Whilst an APPs might NOT be faster than a call on the mobile for pizza order, changed consumers’ habits turned to APPs and food delivery becomes a parasitic new industry. Technologically savvy develops APPs in abundance, how many APPs is consumer getting on board on his/her mobile phone? A lot of wasted life buried in that idiotic i-phone obsession oblivious to realities around them. Look at how fast buyers were organised by digital communication to flood showflats (beating PAPpy Wong’s ABSD deadline) to sign on like sheep securing 5% discount pricing only to wake up tomorrow share market discount that valuation by 15% in mkt valuation of City Devt & UOL shares. They either forgot or unaware that there is such a thing as the bond market wielding the financial cane.

    Millennial in Lee-jiapore are buried in conspicuous consumption, mostly overleveraged whilst older generation (even US millennials) globally are going “minimalist” of consumptive habits. Like digital speed, everything is INSTANT GRATIFICATION – whether there is income support to finance it can leave to afterthought or ignore it. And that is BRUTAL of reality denied.

    As @ Rabble rouser pointed out – it is a changed world and stunning of SHIFTED ECONOMIC OPPORTUNITIES that millennials in Lee-jiapore has no comprehension or awareness. Let me offer one example – this is happening in Africa of all places unthinkable. Syama underground gold mine owned by Resolute Resources. Look at page 12 in this corporate presentation –

    https://www.asx.com.au/asxpdf/20180725/pdf/43wr6ycw8s68h3.pdf

    THE ENTIRE MINING OPERATION PREVIOUSLY NEEDING HUNDREDS OF ALL KINDS OF LABOR AND SKILLED MINING ENGINEERS AND GEOLOGISTS is now FULLY AUTOMATED. In other words, AI has taken over complex mining operation – even the underground mine architecture has change – supporting pillar removed to yield higher gold output. None of those displaced can make a living designing APPs for mining operation. Their food & mortgage, how ah?

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  • Haigen-diaz:

    @oxygen

    Thanks for you sagacious observations!
    Bro RR has very valid insights which I cannot refute. Totally agree with him on the exciting applications of technology in breaking new frontiers. But I am also mindful of robots replacing humans, causing jobs lost in the future. Like to share what I posted on “From poor ‘O’ levels to 5 degrees & 13 diplomas by Leong Sze Hian”

    - Though nanotechnology/engineering, robotics and artificial intelligence, and genomics in the workforce is not likely to be stopped but that it will drive massive change and upheaval in our labor resources. The problem is how to create jobs that allow successive generations to both continue innovation and afford the products and services necessary to fuel the economy. A future of higher levels of automation and robotics does not have to be a disaster so long as we enact the types of policies to make sure wealth generated by such increased efficiency benefits all of us.

    oxygen:
    @ Haigen Diaz, Rabble-rouser
    Reading your post comments, I get a strong feeling that both of you are DEEP, VERY SHARP AND IN DIFFERENT WAYS – CORRECT – though difficult to quantify om descriptive narratives.

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