Ponzi demography is unsustainable.
When the bubble eventually bursts and the economy sours, the
scheme spirals downward with higher unemployment, depressed wages,
falling incomes, more people sinking into debt, more homeless
families — and more men, women and children on public
assistance.
That is the stage when the advocates of Ponzi demography —
notably enterprises in construction, manufacturing, finance,
agriculture and food processing — consolidate their excess profits
and gains. That leaves the general public to pick up the tab for
the mounting costs from increased population growth (e.g.,
education, health, housing and basic public services).
Moving gradually towards population stabilization, while not a
panacea for the world’s problems, will make it far easier to
address problems such as climate change, environmental degradation,
poverty and development, human rights abuses and shortages of
water, food and critical natural resources.
amazing article.Now,I realise the weakness of the way the
goverment operates.
"Should we
then have said, 'I didn't plan for this infrastructure, let's tell
the businesses to go away and let's forget about the growth, we
don't need the IRs, we don't need these extra jobs, we just stay
where we were'. I think that would be very risky. So we went
ahead.>this is what PM Lee said,not my quote
I am not totally against Demographic assimilation.
As a small country, we need it to foster ties, exchange
businesses, fill in the small gaps, etc.
But there is a difference between Growth, and Accelerated
Growth.
And we have to understand that higher GDP does not necessarily
result in a better life for the common people. It can make their
life more miserable. Only the top echelons benefits.
Question, how have the IRs, Casinoes, etc. helped me? I am
still jobless, I am freaking worried about my old age, and I have
to be very frugal about my essential expenditures.
And for those who got jobs, Housing and Transport cost have gone
up, Salary is depressed, and the list goes on, and on..
With regards to what the PM said, he should have more foresight,
given the salary and the responsiblities that he shoulders. He
should not paint a bad scenario (created by him or his
predecessors) and give us no choice.
And about moving forward, what have he done to addressed the
situation? (I am speechless)
