If there was a better economic board which re-distributed the
profit better to the people, instead of almost 99% to govt.
coffers, then people wouldn't be struggling right now to make ends
meet- just to survive.
My cousin, a poly graduate in IT, now only earns S$900(after CPF)
at HP/Compaq. Even a mere full time waiter earns more money than
that.
The fact remains that while the govt. should monitor economic
trade, economic links and other stuff related to it(such as passing
laws to make it much more fair), it shouldn't control it
completely, 100%. Because eventually politicians by themselves are
greedy by nature. If you give them a few dollars more, they
eventually want more of it. And they continously will want more and
more every year.
It's a vicious cycle. Otherwise why do we have so many civil
servants, who are being paid thousands every month for doing
nothing, so many committees- which most of it are useless and
pointless, and MPs and PAP ministers being paid millions of dollars
when they have proven they are a bunch of useless crap
idiots?
I mean South Korea, 8 years after the economic crisis in '97, has
boomed since the early 2000s. SK private companies, after going
through a series of tough reforms have become better and better.
The likes of Samsung and Hyundai are going places and are making
huge profits. So why is S'pore struggling to get out of sluggish
growth since 2002?
And to include this point: why is Ho Ching's Temasek Holdings
struggling in the foreign market outside of S'pore as well?
