Globalisation due to China is only partly right.
The main reason is they had allowed HDB flats, property, and
indirectly salary and business cost to rise too much too fast and
unproportionally over last 20 years.
Just ask your parents.
Add COEs, GSTs and you get the picture why business and product
cost become even higher.
The key problem is too much too fast and unproportionaly when
we should be focusing more on core competencies and
competitiveness.
They were trying to tax and profit from citizens and
businesses.
Where those money goes to? figure out yourself.
So when global competitions arises, we are already too
incompetitive
and lack core competencies.
PAP run out of ideas and have to propose Casinos.
Lack of foresight and flawed decisions.
