Only way for business to thrive is to minimise regulations. No
labour laws, no currency laws, no limit on foreign shareholdings
etc.
But too much emphasis on capitalism will bring great volatility,
and this is not good for the community.
During the time of the
british, Singapore was already an established trading
centre.
The only university in Malaya was in Singapore(mahathir studied
there). All trains from Malaya stops in Singapore. Singapore has
the only international port and airport to serve Malaya. All
rubber/tin whatever that come from malaya, was exported from
Singapore, and some from penang. Singapore already had refineries
and was one of the busiest port during the british.
Singapore was not a swamp PAP
and LKY wants all of you to believe.
After the british left, Singapore traders made money by
smuggling, due to punitive luxury import taxes imposed by the then
independent Indonesia and malaysia.
During the time of suharto,
unscrupulous businessmen from Indonesia smuggled subsidised refined
oil and sold to bunker companies in
Singapore. Those money never came back, but
Indonesian taxpayers suffered as they had to pay the difference
between the selling price and the subsidise prices. The subsidised
refined oil actually helped the rich as they are the owners of cars
and transport, and eleviated the poor, who could have got that
money instead in the form of educational aid or grant for communal
upgrade.
In fact, money from much of
Indonesia resources never came back but are parked in
Singapore. So Singapore do not require any
resource to be rich. Those resources include timber, coal and
possibly sand which were underdeclared when exported.
Now you know why Singapore
evolved into a financial centre. presently,
it is trying to attract unscrupulous businessmen from china who are
uneasy about parking their money in hong kong, which is in chinese
territory.
The idea of a casino is more about money laundering than gambling
tourist.
LKY hates dissent. hence anyone who challenge him will be put
away under ISA or made bankrupt, if they decide to stay put.
Paying ministers and civil servants good money is how he corrupts
Singapore. Because they are so highly paid, nobody will dare
question LKY’s policies.
Cronyism exist in Singapore. Tat Lee bank belonged to his
brother. It was rescued after 1997 financial crisis by merging with
Keppel finance and after that both were rescued by merging with
DBS. LKY’s son is current PM. His other son
was the CEO of singtel, until he was discovered to be having an
affair with a women in australia. He resigned, and is now living in
australia, I suppose with the new girl. Funny enough, the women is
from the company singtel bought at a high value called OPTUS.
If you regard LKY highly, then think about the fate of the
current PM’s first wife, who was a doctor from Malaysia, who
committed suicide, maybe due to the fact that their two children
were albino and the other autistic. But I think it was more due to
disappointed father-in-law who could not obtain a perfect
grandchild who pressured her into the ultimate oblivion.
LKy’s father, I believe was
from semarang. During WWII LKY was a translator for the japanese,
whilst his chinese counterparts were fighting against
them. The most successful anti japanese army
was the MPAJA (Malaya peoples anti japanese army) which were mostly
ethnic chinese. They were fighting the japanese because Japan
conquered China and the fighting in Malaya was an extension of that
war. After the war, the MPAJA transformed and became the CPM
(communist party of malay) following the footsteps of China’s Mao
Ze Dong. Anyone with any socialist inclination was jailed by LKY
under ISA (intenal security act-no need for legal proceedings). The
biggest challenge to PAP in the first election, incidentally was
Barisan sosialis. The leader of that party have just been freed
after many decades in confinement.
Temasek is now controlled by PM’s second wife, LKY’s daughter in
law. In fact the whole of
Singapore are controlled by one family. Nobody dissent because they
are paid to be silent.
The two child policy of LKY rebounded on him. Singapore’s
populations is now shrinking. In order to maintain the standard of
living, the country now welcomes any rich people from anywhere to
reside as PR or citizen. That of course includes many Indonesians.
These rich indivuduals will bring countless millions into the
island state, i.e. making money without having to work is
Singapore’s policy from the start.
LKy’s wife has a legal frim
which controls the S&P agreement to all HDB flats. One of her
junior partners was her ex-daugther-in-law (not sure divorce
already or not) who married her second son, who was caught with an
affair with a buxom australian from Optus.
(Now we know why singtel paid so much for that australian
telco).
In the 70’s most Singaporean
can speak a sprinkling of bahasa melayu.
Presently, the aid workers they sent to aceh in the tsunami
aftermath couldn’t communicate with their Indonesian
counterpart.
Singapore is rich only because the natives of Nusanatara do not
understand business philosophy and how the world revolves. As an
example, people of timor who welcomed the australian army, only to
be told that the gas under the timor sea now belongs to
australia.
The natives of nusantara are so comfortable with their lives in
the islands that they could not be bothered to sail just a little
bit more and establish in australia. Because of this attitude
towards life, Singapore has no competitor in the vicinity.
