This phenomenon is not unique to Singapore. It is also happening
in America, and I suspect in the other countries as well.
http://takchek.wordpress.com/2007/04/04/the-ever-more-competitive-higher-edudation-landscape/
http://takchek.wordpress.com/2006/11/10/rising-state-flagships/
Thanks for sharing, yes this is happening world-wide. In China
today, the majority of University graduates are woefully jobless,
and those who are employed are earning an average of Sg$200 a
month. The rich get richer, the poor get poorer, everywhere.
This does seem a troubling but inevitable trend. It seems that
humanity is inevitably approaching (perhaps in as soon as
several decades, or perhaps in another couple of centuries; highly
improbable for this process to reach completion by 2012, regardless
of what some folks might like to think) a
critical cross-road, in which some powerful
(hopefully not necessarily catastrophic) and fundamental
paradigm shifts to shake the complacency (a ticking timebomb) out
of Humanity in the political, religious, economic,
environmental and technological arenas, would eventually and
mandatorily occur. Not as a judgement inflicted by some
external power, but as a natural and inevitable consequence of the
ultimately self-destructive patterns of humanity.
