include("cmp.php");

Crony Capitalism and Minion Society

I was having a chat with a few Singaporeans doing business here in HK. And naturally the issue of the $800K Rubbish Bin became the top topic.

I told them that they have made the right choice to move out of Singapore and do business elsewhere because PAP will not allow anyone not within their power sphere to get too rich.

This was the lesson learnt from the 50s and 60s whereby some extremely rich families were not singing to the tune of PAP and even sponsored Nantah which became the “Hot Bed” of anti-PAP sentiments which gave PAP a lot more trouble.

FROM then on, PAP only gave special privileges to its own cronies and even built up a system dominated by GLCs which are under their control along with MNCs.

Normal businesses which strive and succeed on their own will be either kept under tremendous pressure to conform or even subtly coerced to submit themselves to PAP’s control via various channels. As GLCs are extremely pervasive in the economy, they could make or break any disobedient businesses.

This is the REAL REASON why among the Four Asian Economic Tigers, only Singapore was lack of striving and extraordinary MNCs which were privately owned but our economy is filled with GLCs which were controlled by their battalions of scholars.

Whatever efforts put in helping SMEs will not help them to grow on their own into MNCs unless GLCs or Temasek gets involved.

This is the Business Social engineering which has been taking place for decades and it naturally ends up with a system of Crony Capitalism which gave economic control to their cronies while other Singaporeans employed under them will live in imaginary fear of not voting PAP.

 

Goh Meng Seng

 

 

yyy
READER COMMENTS BELOW

11 Responses to “Crony Capitalism and Minion Society”

  • xoxo:

    $800K du$tbin is peanuts compared to the $100 Billion $quandered on dont-know-what and dont-know-who as many deserving sinkingporeans got only $600 instead of $23.5K.

    We are Singapore.
    WHO?

    GD Star Rating
    loading...
  • xoxo:

    ONE PEOple,One nation,One Singapore?!
    More and more like…
    OWN PAPple(kaki nangs),OWN nation,OWN Singapore lah???
    Remember,you die your business.
    Collecting MORE $$$ is OUR bu$ine$$.

    GD Star Rating
    loading...
  • Singaporeans R Free Riders:

    I told them that they have made the right choice to move out of Singapore and do business elsewhere because PAP will not allow anyone not within their power sphere to get too rich.
    ================================================================
    GMS, you are blind. You are opposing for the sake of opposing only…

    Read Americunt politics …

    https://www.needtoimpeach.com/corruption/nepotism-trump-unique/
    …..nepotism is nothing new in American politics. From the country’s earliest years to modern day, presidents have involved family members in their campaigns and administrations.

    GD Star Rating
    loading...
  • Singaporeans R Free Riders:

    This was the lesson learnt from the 50s and 60s whereby some extremely rich families were not singing to the tune of PAP and even sponsored Nantah which became the “Hot Bed” of anti-PAP sentiments which gave PAP a lot more trouble.
    ======================================================================
    GMS,
    If you read up Singapore history, Nantah is supported by the Chinese aligned itself with China and had loyalty with China instead of Singapre.

    This is all in the history book. Go read up.

    GMS, you are a Chinese Chauvinist.

    We are all Singaporeans. Not Chinese. Chinese refer to PRC. Period.

    GD Star Rating
    loading...
  • @Singaporeans R Free Riders

    Chinese is a race, Singaporean is a nationality, didn’t your teacher teach you that in kindergarten?

    GD Star Rating
    loading...
  • GLC:

    Very difficult for private enterprise to expand and grow to be large MNC when the GLCs are competing with them here.
    The reason why we do not have many private MNC success stories…only GLCs linked.
    Will not be good for Singapore in the long run…need to nurture more local world class entrepreneur.

    GD Star Rating
    loading...
  • C’est la vie:

    ******
    C’mon, no conflict of interest was cited from the highest level, … in relation to the then ex-investor extraordinaire’s position at Temasek or even the appointment of the ag !!!

    Then, there was the shit show leading up to the Indian cum malay president !!!

    And of course, who can possibly ignore, … when nabbed red handed, inside is deemed not within !!!

    C’mon, … let’s not live a lie yeah.

    This is sg, the land of democracy, meritocracy and transparency, … my ass !!!
    ***
    ******

    GD Star Rating
    loading...
  • Observer:

    Some formerly rich businesses (e.g. charcoal, candles, etc) are substituted by new technology.

    Some ancestral-worshippers dislike innovations from the Judeo-Christian world.

    Some ancestral-worshippers are angry with Abraham’s God because Christianity evangelized to Chinese people, and disrupted their tradition.

    GD Star Rating
    loading...
  • Singaporeans R Free Riders:

    Observer:
    Some formerly rich businesses (e.g. charcoal, candles, etc) are substituted by new technology.

    Some ancestral-worshippers dislike innovations from the Judeo-Christian world.

    Some ancestral-worshippers are angry with Abraham’s God because Christianity evangelized to Chinese people, and disrupted their tradition.

    Yes, the christian disrupt their traditional way of money making via joss sticks/candles sales, incense papers sales, paper aircraft sales etc.

    And they are jealous of Christian (Pastor Sun) even better innovative money making spin through China Wine shaking bum bum.

    No ?

    GD Star Rating
    loading...
  • I_am_Mike:

    Dear GMS

    I have this for you:

    One may do business with a most shrewd and cunning business person but when you trade with a murderous bandit, that’s all not the same. Both are making money and yet on different path and karma.

    诚信, some says its integrity, but i think it’s more than what English can explain in a single word. 诚 — Sincerity & Honesty. 信 — Trustworthiness & Reputable.

    Doing business with Chinese or with China is different to promoting China to do business with. Our forefathers left China seeing what’s coming, you promote China for money without knowning what we are all heading into.

    Quite obviously you are as naive as i had known you in the past.
    On the path of Politics, you lost your Principles;
    In pursuing wealth, you lost your way.

    Last but not least, I leave you with two more words, 仁义.
    Doing business in HK for years, don’t you wonder why they pray to statue of 关羽? You thought 关羽 is the new god of Fortune?

    You failed not us, but yourself.
    We all die someday, but did we live a single day?
    Good luck.

    GD Star Rating
    loading...
  • myfirstscrew:

    My friend worked for a start up 3D printing, founded by NTU grads from Canada and Malaysia, all became citizens except the guy from Canada. They successfully gotten Temasick to invest. They hired all their natives from Vietnam, Malaysia, India and Philippines. Philippines tech became COO, so the company hiring management from Philippines. And of course, all became new citizens.

    The reject rate from this company as high as 90%, their chief design from Vietnam who grad from NTU could not even produce IC design after 2 years and quickly looked for another job successfully.

    The company has potential and continued to lose money as these so called foreign talents guided by the money from Temasick flows like tap water. After the company made massive losses, they again hired another bunch of foreign talents from Germany etc.

    As usual, they are here to enjoy big pay and life, not really into start up. They were on the verge of being sold, suddenly one local Singapore came and helped with the design and then reject rate drastically dropped to new low and his design was well received.

    These new citizens and foreign talents are walking around and doing nothing every day. One pinoy even stayed home for months and never reported for work, his manager and another Pinoy of course covered his backside.

    If all of us here are thinking all these cronies and Temasick invested companies, they are mostly sinking. The real companies cannot get money from Temasick as there is no connection, the companies who got money are mostly foreigners who became locals.

    This explains why our CPF policies keep changing as the investments are suffering massive losses outside and in country.

    The only thing they got are massive moves from all these foreign trashes they imported and converted.

    GD Star Rating
    loading...

Leave a Reply

 characters available


Scroll Down For More Interesting Stuff


Member Services
Self-SupportMembers LoginSelf-Support
Sponsored Advertisement
Search On TR Emeritus
Sponsored Advertisement
Announcement
Advertisements
Visitors Statistic
Latest Statistic

UA-67043412-1