Below is extracted from the article from the interview by Arnaud
De Borchgrave. Too long to include the whole
text.
Will life in Singapore improve if the head/the leader of the
country view the nation as losers? Seems PAP, lky,
lhl are the only winners in this country.
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An Interview
With Lee Kuan Yew 2008
Singapore's Minister
Mentor Lee Kuan Yew (Wikipedia Image)
by Arnaud De
Borchgrave
Singapore (UPI) Feb 8,
2008
UPI Editor at Large Arnaud de
Borchgrave interviewed Singapore's Minister Mentor Lee Kuan Yew on
Feb. 2. The following is the text of the interview.
Q: In fact, democracies don't produce great statesmen anymore.
Why?
A: You now have, and I don't know how long this phase will last,
mass media domination, owned by a group of media barons who want
constant change for their balance sheets.
Q: So how do you see the future of
capitalism?
A: As chairman of the equivalent of our Sovereign Wealth Fund,
we examine and decide where to invest our money, in equities or
bonds or what have you. Our fund managers are paid five times what
I get. Why? Because they have had good track records in growing our
fund and we know what they could command in the private sector.
They are dealing with billions of dollars every day and must be
compensated accordingly.
Unbridled capitalism, winner takes all like in America, does not
work unless you can cope with an underclass. So here we also stay with the losers, make
sure they have enough to live on, with healthcare, equal education
opportunities for their children whose parents can no longer afford
it. It's very important they not feel abandoned. So we have
workfare and ingenuous ways to keep them working as we don't want
layabouts doing nothing. We also subsidize homes which they would
not be able to buy. A society can only survive if there is a sense
of equity and fair play.
if lky thinks that those who lives in hdb flats are losers, then
he is the mother of all losers for he is their leader! he is also
responsible for shaping or closing their minds of singaporeans as
he controls the education system and the mass media.
