The PAP is managing the economy poorly, and is clinging onto the glory of the past

The PAP is managing the economy poorly right now. Look at the report on the Future Economy of Singapore and it will make you shudder. This confirms what everyone thinks – we are going back to the past and the PAP will not be able to save us from a changing world.

Just look at the influx of foreigners in the country. Why are there so many? What is the cause of this reliance on foreigners? Of course, there some cannot be educated despite the years of schooling. But it tells you that the education system has failed the people – producing educated people without any real employable skill.

Look at listings on SGX in the last 20 years, hundreds of them but did anyone progress to regional reach? Meantime, costs of living escalated – public housing has doubled since 2000. Wages stagnated. CPF has failed as a social security; it is no longer the survival route to retirement. The asset enhancement didn’t work for peasants, except to enrich a few.

Unemployment statistics? After 6 months unemployed, you are forgotten in statistical compilation. The GIG parasitic economy PHV, grab food, petty subcontracting of part-time self-employed tells a story more obvious than your blind vision can see.

Yet if Singapore is too small area wise, we certainly spend a lot of money on weapons. How much land are we trying to defend here? I think if you take that budget and spread out on land, dollar by dollar you could cover the whole island many times over.

There is no need to give excuses for the failures of the PAP for they have simply clung on to the glories of the past.

 

*Comments first appeared on TRE and have been merged and edited for clarity.

 

 

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18 Responses to “The PAP is managing the economy poorly, and is clinging onto the glory of the past”

  • patriot of TUMASIK:

    In the Picture, the TWO most prolific character that Makes Singapore what it is Economically and Successfully for the Pioneer Generation and their children are the “The Thinker” Goh Keng Swee and the “Doer” the Brains behind the PAP Dr.Toh Chin Chye…

    The THIRD is a Big Mouth with nothing to contribute but his MOUTH and claims credit for all the Success where only Idiots will Believe…

    take a look at his son whom he CLAIMS would have been PM @ 35 if not for the fact that he was his IDIOTIC son…Big Joke!!!

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  • TL Tan:

    The writer tries to gather diverse pieces of evidence but none are coherent in proving his point. It is not true that our economy is going backwards. On the contrary, our firms are adopting the latest technologies and increasing their productivity. Singapore has also one of the world’s leading FinTech industries. Our education system is also regarded as the world’s best, and we have a workforce that is among the top in competitiveness rankings. Very often, when things don’t go our way, it is because we didn’t grasp the opportunities. How can you blame the government when they have created a superior ecosystem to create one of the world’s most advanced economies?

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  • oxygen:

    @ TL Tan

    DIDN’T MINISTER LIM HN KHIANG once moaned publicly this tragedy? We are a first world economy paying third world wages.

    TL Tan: The writer tries to gather diverse pieces of evidence but none are coherent in proving his point. It is not true that our economy is going backwards. On the contrary, our firms are adopting the latest technologies and increasing their productivity. Singapore has also one of the world’s leading FinTech industries. Our education system is also regarded as the world’s best, and we have a workforce that is among the top in competitiveness rankings. Very often, when things don’t go our way, it is because we didn’t grasp the opportunities. How can you blame the government when they have created a superior ecosystem to create one of the world’s most advanced economies?

    IT HAS NO CAPACITY TO PAY FAIR WAGES TO ITS WORKERS, and relying on survival parasiting on the influx of cheap foreign labor!!

    THAT SHOULD SHUT DOWN YOUR DENIAL-OF-ALL-TRUTHS COMPLETELY.

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  • TruBlu:

    Go back to Dr Goh Keng Swee public policy PRACTOCES.
    GET RID OF EXCESSES LIKE TOO MANY *JEWEL$$$*?

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  • Flabbergasted:

    @TL Tan..hello wake up will you..I thought of rebutting you but then since all PAP IBs being brainwashed is not worth my time in doing so. The writer of the article rightly articulated his views unbiasedly.

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  • SUPERB & SHARP retort:

    //IT HAS NO CAPACITY TO PAY FAIR WAGES TO ITS WORKERS, and relying on survival parasiting on the influx of cheap foreign labor!!//

    clap clap clap. what a SUPERB & SHARP retort to TL Tan.

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  • Asd:

    Good leh… and people filling own pocket somemore and say not enough

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  • Harder Truths:

    Excuse me -what economy?

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  • Fat Leeches:

    Careful of suckers. Suck dry your cum.

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  • con u eat shit:

    TL Tan OLD BIGMOUTH FART himself said they were ust growing the economy by mass import of manpower.Mr SINGH the former GRC MP at ANG MO KIO himself said there was NOTHING NEW in recommanditions the economic council headed by Hong Sweet Cae.It is lie pouring old wine into new bottles.

    You claim that our education system is the world’s best.If it were true why can’T Singapore not produce a NOBLE price winner,name one area we are world leaders in.Singapore education system is only GOOD FOR GETTING GOOD GRADES.It does not produce thinkers and movers.It is only good for BLUR FUCKS liKE you.Singapore education system does not encourage one to QUESTION and THINK OUT OF THE BOX.
    It does not enable one to thinK on the feet.That is why HENG SWEET CAKE SCORED HIS OWN GOAL WHEN QUESTION BY Silvia Lim.WHAT JOKE.

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  • So saith the Moral philosopher:

    “Wherever there is great property, there is great inequality… for one very rich man, there must be at least five hundred poor…. No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.”

    [Adam Smith, 'The Wealth of Nations']

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  • Singaporeans United is diff:

    Hahaha, PAP no longer has a LKY and Opposition still remain the same timid and scared.

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  • justAtouristAttraction:

    wasting precious taxpayers money on the unnecessary Founder’s Memorial…just to play on citizens sympathy n charity, to keep PAP in power.
    no need for a huge ugly concrete building to make us remember our good old leaders who had all passed on .
    they were solid in character and steadfast in duty. most of us remember them fondly till today.
    i doubt we can say the same for the present gov leaders.
    if LHL feels he needs to build a structure to pay respect n homage to his papa then he should use his own money and erect it in his own backyard!
    getting too ridiculous.

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  • Hong Gan Yew:

    LKY Eternallee dead but Opposition as effectiveless as before.
    Why?

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  • George:

    Khaw BW and Tan CJ are managing the economy badly, VOTE THEM OUT !

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  • Sinkie:

    When the Singapore economy do badly, the PAP elites will tai-chi and put the blame on global headwinds.

    But when the Singapore economy do better, they give themselves bigger bonuses and don’t attribute the improved performance to global tailwinds.

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  • ceca ah nehs and pinoys:

    Sinkie:
    When the Singapore economy do badly, the PAP elites will tai-chi and put the blame on global headwinds.

    But when the Singapore economy do better, they give themselves bigger bonuses and don’t attribute the improved performance to global tailwinds.

    very well said, bro.

    when market is good, even pap systical incestor makes money, pap says it is due to pap talent and rewards each other with 24 months GDP growth bonus.

    when market is bad, pap elaks and says due to market and continues to reward each other with 24 months GDP growth bonus.

    one minute is talent. next minute is market. only 70% sheep falls for the pap BS which is truly despicable BS.

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  • patriot of TUMASIK:

    TruBlu:
    Go back to Dr Goh Keng Swee public policy PRACTOCES.
    GET RID OF EXCESSES LIKE TOO MANY *JEWEL$$$*?

    After realising how easy it is to HOAD her jewel boxes @Home & Abroad…the Jinx decides to beJEWEL Singapore…not her money what!!!…her idiotic husband is in charge leh!!!

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