....Are you insane? A country of only 4.59 million(2007) and 273
sq meters with no natural resources whatsoever and you want us
to depend on home grown economy?
We are always going to be dependent on foreigners and foreign
money, that's what globalisation is. What sort of world do you live
in? Malaysia and Indonesia have a much better chance of
surviving on its own than we would ever hope to achieve.
I'm not denying PAP needs decent opposition to make it wake up
its ideas but i don't see the value in trying to blame the slump in
the economy on them. Especially when it's affecting the world.
It's irresponsible and childish.
but one aspect is true SG govt had use their resources to expand
state own enterprise and crowding out private resources and
talent. As such you don;t seriously see a sizeable SG
incorporate global companies.
SG domestics market - by that I mean domestics solution
for domestics consumption (other than hawker food). we
have none.
The entire concept of feeding the top tier talent with
higher salary feed into the current situation we are in? --- Look
at the US top tier income had their Tax reduce.
essentially allow the rich to reinvest, but where do they
reinvest in? They did not take the money to open a new
production lines. They put it into property converting their new
found cash into Asset and yield higher return on Asset, higher
salary allow them to contract bigger loans.
Down to the secondary channel such as loan
agencies, speculators, property developers are simply
opportunist and it is every walk of RACE.
