GMT : Tue, 06 Dec 2016, 12:12

Singapore is just a temporary business model sold by Lee Kuan Yew

To put it into perspective Its a business model Lee kuan yew sold and was successful, just like apple and Nokia who made huge profits selling their smartphones in the 90s and 2000s respectively. These companies sold the the idea of smart technology Aka handphones and smartphones that could revolutionize the world. But the idea soon became copied by others and its no longer a miracle but everyday household item now . The same with PAP. However while apple kept itself afloat with a unique telco business model tie-up, nokia went downhill.Its just selling and idea, concept or illusion.

There is an expression that is often used in sales: “You are only as good as your last deal.” What is meant by that is that management has a short-term memory and no matter how good you were in the past, they are focusing on what you can do for them right now.

 

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27 Responses to “Singapore is just a temporary business model sold by Lee Kuan Yew”

  • Jialat Singapore aka Nokia:

    Jiala. Singapore kenna compare to Nokia. Then LHL must quickly wrire memo to tell singaporeans that the platform we are on is burning quickly.

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  • Sharon Ann Gabriel:

    The PAP government resorted to scorched earth politics to stifle dissent. The result is a nation of docile conformists who fear to fail, to innovate or to create. Unable to re-invent itself, it can only re-invent the wheel. Success in the past is no guarantee of success in the future. The PAP government is to be blamed for laying the foundation for the country’s eventual decline. The Golden Age and The Singapore Dream are history.

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  • Malay Kampong:

    Steve Jobs did said in the early 90s, about companies such as Xerox which created the first working windowed graphical PC, mouse pointer, networked connected computers and emails, how and why they failed to conquer the PC market. It the same for all large companies. Nokia, Blackberry, HP/Compaq/DEC, Palm. Steve Jobs did not invent anything new. He copied and refined ideas from everyone else.

    iTunes can be said is some copy of Napster, but he monetized it into a web-store by asking studios for a 99 cents downloads. Palm OS, Windows CE, copied and merged into Apple iPhone and iOS without using stylus but with fingers and mobile subscription plan subsidies. There was huge number of MP3 players before iPod. But the combination of iPod and iTunes, made it work. Helping too that Apple is also an OS app company.

    Singapore failed because PAP believed too much in its own publicity and propaganda machinery. Anyone who obeys and promote PAP own propaganda lies, will be paid well. No difference too, by how many huge corporation ends up drowning in its own ego and pride, also because they are not nimble enough to move quickly to changes. These huge corporate giants, have millionaires executive too, but they still crumble into a pile of rubbish. Apple too was once a pile of rubbish. Steve Jobs came in as interim CEO, was paid $1 a year to get it up running again. And now we again seeing the downfall of Apple after Steve Jobs death, while their executive still earning millions but as yet got any no new ideas of how to bring Apple back to its glory days.

    Do Singaporeans understand? Not really, if such basic understanding are not general information to be discussed openly in radios, TV or newspapers. Don’t expect large portion of voters to understand, when most get their brain juices from coffee shop talk and facebook stories.

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  • oxygen:

    PAPpynomics is a 51-yr old failed political, social and economic experiment that is now confessed to have maxed out more than 10 years ago.

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  • the great sg sale:

    PM is in the lively BHUTAN selling the SG success model to their gov n signing partnership n trade deals .
    Tomorrow Mynmar”s Ms Aung Sang Su Kyi is on an official 1 week visit.
    Good Luck to these countries.

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  • the great sg sale:

    the great sg sale:
    PM is in the lively BHUTAN selling the SG success model to their gov n signing partnership n trade deals .
    Tomorrow Mynmar”s Ms Aung Sang Su Kyi is on an official 1 week visit.
    Good Luck to these countries.

    Error…PM is in lovely Bhutan…

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  • Brutal-truths:

    Nokia lost the plot when mobile phones became more intelligent (Smartphones) when the 1st Apple iPhone was introduced & first launched in the US in early 2000s. And the 1st iPhone was actually an iPod with mobile telephony capability added. But what many completely missed was the iTunes (now called Apple store) had already existed in cyberspace for iPod users to buy & download songs @ US$0.99/song. IT WAS APPLE’S SOFTWARE SUITE IN THE INTERNET THAT MADE THE iPHONE COOL. And buying mobile games/apps software via the internet & thru downloading system soon became the norm. On the other hand, Nokia was a hardware focused company who design efficient & functional mobile handsets which worked well (but wasn’t that intelligent – it simply did what it was supposed to do *sic*). But Apple shifted the goalposts with the iPhone (& started the smartphone revolution) & left Nokia for dead.
    S’pore’s success gameplan was both due to a brilliant Dutchman (who was a Post-war reconstruction economist) & a series of fortunate circumstances. The original catalyst were a group of political leaders who followed Dr Albert Winsemius economic doctrine to a ‘T’ but had initially place their bet on a Post-Independence Malayan Union with the hinterland. The then-prevailing economic idea was to exploit Malaya’s resources & embarked on an import-substitution economy which many asian economies had adopted. Plan A had to be discarded when Tengku called off the marriage. What’s left was Plan B ie. the Winsemius economic plan. But what wasn’t known then was the Post-WW2 COLD WAR – an ideology war fought between 2 sets of economic ideology – Western democratic systems vs Marxist communist regimes. S’pore adopted the Winsemius formula & aligned with the democratic movement lead by the US & the Western bloc. But S’pore under the PAP was a authoritarian govt with a State-dominant economic plan. But it was S’pore’s unique geographical advantages; good infrastructure left by the British; pre-existing business networks & a hard-working people that propel S’pore’s growth & upward momentum. PAP opened up S’pore’s economy to incoming MNCs to achieve full employment status to grow the economy. They pushed for dual working parents; increased women workforce participation. PAP’s Stop at 2 family planning initiative wasn’t Malthus in thought but rather to stop child-bearing & nuturing process from interfering with full employment potential. You see, it was feeding the CPF – cont’d

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  • Brutal-truths:

    Cont’d…
    It was CPF (from people’s BLOOD, SWEAT & TEARS) that funded PAP’s masterplan to enable State dominance over S’pore’s economy – it provided the funds to embark on private land acquisition to achieve 80% state land ownership; venture capital to kick-start GLCs; infrastructural spending to achieve the initial economic growth ie. reaping the low lying fruits of satisfying housing demands; land reclamation; airport & seaport modernization; urban renewal, etc. It was Externalities (MNC investments from COLD WAR strategic alignments) that provided the capital funds for PAP to realize their dreams of a State-paramount economy.
    But nothing remains permanent! Reaganism-Thatcherism initiated the 1st globalization movement ie. offshore/outsourcing of higher order manufacturing investments. S’pore benefited from the PC-era boom with global manufacturing dominance in HDD assembly. But Communism was failing – State-directed investments/Authoritarian govts had resulted in economic failure. Early 1990s, the Berlin Wall fell; Communism was dead & the Cold War ended. China were already enacting economic reforms under Deng Xiaopin & when the Cold War ended, MNCs were eyeing China as a low cost manufacturing investment destination.
    China’s rise was S’pore’s hollowing out. Suzhou SIP economic experiment had helped China scale the learning curve for manufacturing investment game & post-2000, S’pore’s lunch was taken away by China.
    Between 1998 to 2005, S’pore suffered a wretched economic restructuring – all the economic pillars built under the Winsemius doctrine now laid in ruins. S’pore quickly signed a series of FTAs; preferential trade agreements & reconfigured S’pore into a tax haven; wealth management center to tap into the growing capital flows generated by globalization activities & a growing rich PRC looking shift capital offshore. Late 2005, the casino issue was approved quickly & the rest speaks for itself.
    But 2000 also started a trend -TECHNOLOGY & THE WEB & NET REVOLUTION! But S’pore opted for the politically motivated option of tapping on capital inflows (tax haven/wealth mgmt) rather than to execute economic reforms in education, expand freedom of thoughts; reduce business costs & reduce redtape, controls for locals in start-ups. IN SHORT, PAP WENT THE OTHER WAY. Cont’d…

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  • Brutal-truths:

    There were 2 trends within the global sphere – the first, excessive capital flows & wealth transfer schemes (thru financialization & securitization schemes) – A RESULT OF EXCESSIVE MONETARY EXPANSION & A LOW YIELD ECO-SYSTEM RESULTING IN MALINVESTMENTS, ASSET BUBBLES; the second is Technology Advancements that is causing ECONOMIC POLARIZATION – De-skilling middle level routine work & replaced with automation; bots; algos & smart apps. Work/jobs have been reduced to part-time; gig economy type & very low skillsets which doesn’t command high wages. In fact, most new jobs created are at the minimum wage levels.
    Yet technology & business disruption creates new opportunities. E-commerce; B2B; sharing economy apps like Uber; AirBnB, Peer-to-peer lending & digital payment system. But the problem is that human drivers in this economy must be adroit; have networking capabilities & able to sense business opportunities. Also, they may suffer failures in the process. But that is what drives success in business disruptions – try, try before success.
    But when one sees S’pore – it’s stuck in BRICK-N-MORTAR economy; it’s asset (& liability) heavy (high cost property, capital intensive hotels & infrastructure; top heavy management). The worst is the flawed education system which cultivates an elitist mindset which according to incisive commenter, Anon, is ‘Clever by half & too clever for it’s own good’. In S’pore, success is only judged by academic qualifications & top notched experience which can only be attained within a meritocratic sphere & crony eco-system that excludes the masses. Convenient?

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  • Brutal-truths:

    Meritocratic scholars are cocooned in a no-failure capsule & are set up to rise up as infallibles irregardless of their capability, problem solving ability & even whether if they have a capacity to sense problems & deal with it.
    S’pore had lost nearly 2 decades within the technology shift/business disruption era – with nothing to show for. Whereas in the PC-era, S’pore could claim Sim Wong Hoo & Creative Technology as one of our own. And that was a long time ago.
    E-commerce has taken hold in many developed economies but S’pore is still building BRICK-N-MORTAR Malls & lumping them into Commercial REITS investments selling to wannabe landlord investors hoping for a piece of the action. But mall vacancies are getting too obvious & big anchor retailers like John Littles are closing down for good.
    The sharing economy is shifting the maximizing of existing assets & monetizing value for their asset owners. But it is affecting big operators with huge overheads & capital costs like taxi fleets; hotel chains; hospitality joints; etc. The problem is that the big players & the govt are one & the same. Would this be the start of an underground economy?
    One gets the feeling that S’pore is totally lost! – no sense for the future (the young ones don’t see an optimistic future & want out despite Lim Say Swee saying optimistic nothings in MSM); no bridging connection in the present (S’pore is for everyone! – fighting tooth & nail against foreign hordes coming to steal your lunch); the past achievement reduced to “You are only as good as your last deal.”
    Is S’pore going Nokia’s way? Or will TRE trolls come out of their caves to start to deflect with homophobic rants & raves; start a vulgar chain of c**ts, f##k retorts totally attacking the messenger but missing the message!

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  • Ah Peng Kia:

    But not in uniquely Singapore leh. This government has been failing us for the last 2 decades but they still get blank cheque every election leh. Singaporeans are either blind, daft or bochup. Sadly, that is what will lead to the demise of our homeland. If we only care about today when we vote, then tomorrow will not exists for us.

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  • MarBowling:

    Before GE2015, most Sgans esp the 69.9% were enjoying the Fruit of their DAFTNESS by accepting everything Mai Hum, PAPigs and Gang had dished out for donkey years esp bf every GE: koyoh, shits, sugar-coated carrots(Esp the Pioneer Generation Goodies), handouts and bonuses for civil servants, arsett enhancement(so-called affordable and heavily subsidized public housing); a list as long as a bullpri*k of votes enticing scheme of things.

    A few years bf GE2015, things were still rosy for most of these 69.9%, as most could reap tons of $$$$$ punting on stocks, flip flop properties like roti prata earning Unproductive returns to indulge on sending the prices of COEs sky high ensuring that only they could afford those flashy and expensive cars; also could go to overseas holidays with family and dine in posh restaurants; a farking LOONG list of FINE LIVING they could indulge in. As they say good things always come to an end! Things began to unfold when shits started hitting the fan all over the shop: frequent disruption and breakdown of train service, breakdown of HDB lifts, ZIKA, HEP C, facade falling, etc. Most obvious of all, the Pubic Display of an Extended Rude Middle Finger! 69.9% what do you think?

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  • Dont trust PAP:

    PAP model is low tax for corporates and the rich. First MNCs, then PAP courts companies from developing countries. When companies want cheaper workers, PAP opens the floodgate for FTs and FWs.
    PAP then control supply like land, housing, cars and prices rise and people rush to buy. The rich make tons of money investing in properties and land, leaving the majority Singaporeans struggliing with housing and transport. Now medical cost and insurance premium have sky rocketed.

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  • pessimist:

    @ Brutal-truths:
    It takes both hands to clap…right ? Outsiders see a tribe not fighting to define the core values of their tribe but in consensual agreement as evidenced by 70% (across gender, age groups, etc) in acceptance of the moral tone and the material accumulation/distribution set by their freely chosen leaders.

    They have already taken the trade-offs of a safe, family values protected (conservative), benevolent authoritarianism (as convinced) vs the global rat race to be top of the heap. They crave for equilibrium and order and can pay the price of conquest by other tribes/invaders for it. Why judge them ?

    The 30% represents change, disequilibria, noise (i.e. debates), confusions, etc. These are your constants not theirs. Know that you are a misfit in the wrong place and wrong time. You are being marginalized in each passing year with a reverse integration of the natives into the new citizens. Technology that will transform civilizations and societies also contain disruptions that many tribal DNAs cannot embrace.

    Of course, leadership is the other hand. Think which DNA will they preserve or transform, leave alone their quality on the international scale.

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  • Behaving like an expert again:

    Brutal-truths:
    Meritocratic scholars are cocooned in a no-failure capsule & are set up to rise up as infallibles irregardless of their capability, problem solving ability & even whether if they have a capacity to sense problems & deal with it.
    S’pore had lost nearly 2 decades within the technology shift/business disruption era – with nothing to show for. Whereas in the PC-era, S’pore could claim Sim Wong Hoo & Creative Technology as one of our own. And that was a long time ago.
    E-commerce has taken hold in many developed economies but S’pore is still building BRICK-N-MORTAR Malls & lumping them into Commercial REITS investments selling to wannabe landlord investors hoping for a piece of the action. But mall vacancies are getting too obvious & big anchor retailers like John Littles are closing down for good.
    The sharing economy is shifting the maximizing of existing assets & monetizing value for their asset owners. But it is affecting big operators with huge overheads & capital costs like taxi fleets; hotel chains; hospitality joints; etc. The problem is that the big players & the govt are one & the same. Would this be the start of an underground economy?
    One gets the feeling that S’pore is totally lost! – no sense for the future (the young ones don’t see an optimistic future & want out despite Lim Say Swee saying optimistic nothings in MSM); no bridging connection in the present (S’pore is for everyone! – fighting tooth & nail against foreign hordes coming to steal your lunch); the past achievement reduced to “You are only as good as your last deal.”
    Is S’pore going Nokia’s way? Or will TRE trolls come out of their caves to start to deflect with homophobic rants & raves; start a vulgar chain of c**ts, f##k retorts totally attacking the messenger but missing the message!

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  • Empty Vessel Making Noise:
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  • P&P:

    Really ?

    Then why I am still power … why do you still keep voting me back to power every 5 years ? you still need my fix right ?

    Don’t blame me when you should be blaming yourself, you dafts …

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  • Brutal-truths:

    @ pessimist:
    Problem is that S’pore isn’t a country nor is it a sovereign nation. They are organized like a Prosperity Cult (you should know like who) & a business model like Multi-Level Marketing (MLM). The top tier are like a aristocratic class (beyond reproach; subject to Lèse majesté laws – go google it) or in MLM parlance, the upstream ie. earn easy money through downstream override & thru recruitment; the top middle tier are the policy formulation staff & administrative bodies (re: Meritocratic scholars; Superscale Civil servants, etc); the lower middle to ground levels are the songstress, choir & cheerleaders; prayer group leaders & mentors (shades of Mediacorp drama unit; PA; grassroots & 70% adoring supporters).
    S’pore much like any MLM that needs fresh blood to maintain the momentum of the downstream feeding the upstream with override income & new income streams. Hence the 40%-50% foreign influx is similar to MLM recruiting new downstream members. Similarly, Prosperity Cults constantly requires existing members to bring in new converts ie. Evangelizing. New converts mean more tithing, love pledges & building fund donations.
    To keep Cult members & MLM downstream in line & in-check; constant & regular bombardment of propaganda messages; forced socializing & gathering to ensure dependency on team leaders for social acceptance; song & dance routines to boost morale, etc.
    But Prosperity Cults can only go so far if converts start asking difficult questions about their faith & begins to wonder why prosperity had eluded them but not for the top.
    For MLM, downstream start to wonder why is it so difficult to earn a good living & live like an upstream.
    The truth is that such systems are ultimately stacked against people. It only benefits the top & their cronies.
    Lastly, Prosperity Cults & MLM requires old fashioned 1-to-1 (or a few) human interaction for their success. It is thoroughly inefficient in a technological setting. In an internet world where technology can scale 1-to-many – it is not only more efficient but also global in scale – it tells you the former are doomed to fail. Hence while others embarked on e-Commerce to scale up globally; S’pore focuses on old-fashioned Brick-N-Mortar shops & malls; High-cost Mainstream Retailing catering to a declining base; & an associated C-REITs to drive S’pore economy but facing looming vacancies – & that tells you that S’pore’s economy is unsustainable.
    S’pore retail scene is similar to MLM.

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  • Fark off:

    Brutal-truths:
    @ pessimist:
    Problem is that S’pore isn’t a country nor is it a sovereign nation. They are organized like a Prosperity Cult (you should know like who) & a business model like Multi-Level Marketing (MLM). The top tier are like a aristocratic class (beyond reproach; subject to Lèse majesté laws – go google it) or in MLM parlance, the upstream ie. earn easy money through downstream override & thru recruitment; the top middle tier are the policy formulation staff & administrative bodies (re: Meritocratic scholars; Superscale Civil servants, etc); the lower middle to ground levels are the songstress, choir & cheerleaders; prayer group leaders & mentors (shades of Mediacorp drama unit; PA; grassroots & 70% adoring supporters).
    S’pore much like any MLM that needs fresh blood to maintain the momentum of the downstream feeding the upstream with override income & new income streams. Hence the 40%-50% foreign influx is similar to MLM recruiting new downstream members. Similarly, Prosperity Cults constantly requires existing members to bring in new converts ie. Evangelizing. New converts mean more tithing, love pledges & building fund donations.
    To keep Cult members & MLM downstream in line & in-check; constant & regular bombardment of propaganda messages; forced socializing & gathering to ensure dependency on team leaders for social acceptance; song & dance routines to boost morale, etc.
    But Prosperity Cults can only go so far if converts start asking difficult questions about their faith & begins to wonder why prosperity had eluded them but not for the top.
    For MLM, downstream start to wonder why is it so difficult to earn a good living & live like an upstream.
    The truth is that such systems are ultimately stacked against people. It only benefits the top & their cronies.
    Lastly, Prosperity Cults & MLM requires old fashioned 1-to-1 (or a few) human interaction for their success. It is thoroughly inefficient in a technological setting. In an internet world where technology can scale 1-to-many – it is not only more efficient but also global in scale – it tells you the former are doomed to fail. Hence while others embarked on e-Commerce to scale up globally; S’pore focuses on old-fashioned Brick-N-Mortar shops & malls; High-cost Mainstream Retailing catering to a declining base; & an associated C-REITs to drive S’pore economy but facing looming vacancies – & that tells you that S’pore’s economy is unsustainable.
    S’pore retail scene is similar to MLM.

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  • Brutal-truths:

    Fark off:

    Empty vessels…..

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  • Unadulterated truth:

    No one gives a damn about what you think.

    Who are you to lecture us?

    It’s not like you’re from some top business school overseas.

    You just copy and paste intelligently that’s all.

    So called economist.

    You’re a fake for refusing to disclose your background.

    What are you hiding?

    Brutal-truths: Empty vessels…..

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  • Definitely a IB:

    IB is trying to dig your personal information to use against you. The things people from top business school overseas say are very recognisable, like you don’t need much space to make babies. Since Brutal Trurhs doesn’t say such things, so I guess he is not from top business school overseas.

    Unadulterated truth:
    No one gives a damn about what you think.

    Who are you to lecture us?

    It’s not like you’re from some top business school overseas.

    You just copy and paste intelligently that’s all.

    So called economist.

    You’re a fake for refusing to disclose your background.

    What are you hiding?

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  • Anon:

    I fear we are seeing the working through of the Chinese Three generation curse; rice paddies to rice paddies say the Japanese; from cowsheds to the stars and back say the Italians…and the Arabs…

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  • oxygen:

    @ Pessimist

    I believe your modelling of PAPpy’s political model is flawed. The number game of size domination via foreign influx cannot work to successful fruition. Countries like USA, Canada, UK and Australia is KEENLY FOCUSED on QUALITY MIGRATION intake, not size of foreign influx to rebalance vote banking needs of the incumbency. Look at Silicon Valley of foreign domination – IT IS NOT REPLICATED everywhere else in USA or an industrial science park of similar scale because talented skills of exception value, by definition is rare commodity – VERY HARD TO LOCATE AND ATTRACT – they have to come on their own gravitation. No one with such an elephants needs for creative and entrepreneurial expression wants to live in an oppressed society. They need for intellectual space far exceeds their physiological needs for comfort and safety that Sinkieland can provide amply.

    The world ahead will see FEWER and FEWER jobs – so a lot of professional position will also be displaced by technology.Here is one example -

    Cholesterol drug shows promise to help reverse heart disease

    New drug added to cholesterol-lowering statins proves able to shrink plaque that is clogging arteries.

    https://sg.finance.yahoo.com/news/cholesterol-drug-shows-promise-help-165309636.html

    Israeli scientists are growing new blood vessels to fight cardiac disease and that is also replicated in US now.

    Researchers find new mechanism for growing new blood vessels.

    https://www.eurekalert.org/pub_releases/2000-01/BIDM-Rfnm-0401100.php

    THE YOUNG HEART SURGEON of today might be a retrenched PMET in a few years down the road.

    Is he/she going to clean tables in Kopitiam for subsistence survival competing alongside old “Uncle” just O level?

    There is no such a thing as

    pessimist: The 30% represents change, disequilibria, noise (i.e. debates), confusions, etc. These are your constants not theirs. Know that you are a misfit in the wrong place and wrong time. You are being marginalized in each passing year with a reverse integration of the natives into the new citizens

    All is marginalised and who needs 6.9 million or more to keep this economy fire UNLESS YOU WANT MILLIONS UNEMPLOYED in the chase to the bottom of the barrel of who is the cheapest – postgraduate medical specialist (heart) qualifications, disregarding.

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  • Brutal-truths:

    oxygen: Look at Silicon Valley of foreign domination – IT IS NOT REPLICATED everywhere else in USA or an industrial science park of similar scale because talented skills of exception value, by definition is rare commodity – VERY HARD TO LOCATE AND ATTRACT – they have to come on their own gravitation

    Same goes for Capital cities like New York City (Finance & Media); London (also in Finance & Media); San Francisco & the Bay area (Technology & social media); LA & Hollywood (Creative & film industries).

    oxygen
    : No one with such an elephants needs for creative and entrepreneurial expression wants to live in an oppressed society. They need for intellectual space far exceeds their physiological needs for comfort and safety that Sinkieland can provide amply.

    S’pore’s property markets & REITs (the Brick-n-mortar economy) were & still is constructed on a huge appetite for incoming foreign influx. But evidence of a declining rental market & growing vacant retail space tells of a different story.

    oxygen
    : The world ahead will see FEWER and FEWER jobs – so a lot of professional position will also be displaced by technology.

    Not only fewer jobs but a sharing economy/smart apps will reduced the need (business disruption) for such an asset heavy economy like S’pore’s & affect those already invested/indebted ie. taxi & rental fleets; hotels & hospitality services; etc. The developed world is shifting to better use for capital & greater capital efficiency using technology – S’pore still stuck on a low-tech wholesale brick-n-mortar approach generating enormous capital wastage & excessive debt with little capital recovery (white elephant monuments). The CPF is stuck because of this.

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  • oxygen:

    @ Brutal-truths

    BRILLIANT INSIGHTS, mate. That is why Sinkieland is SINKING SILENTLY. The population recycling economics is a fraud of political economy experiment of flooding in voluminous numbers but devoid of quality. After 10 years of tsunami flooding in, economy grinding to a halt of MAXED OUT long ago and no progress of achievement of even a hint of construction of a domestic economic pillar. Productivity sinking despite the hallucination of imagined infusion of foreign talents and the real saturated onslaught of technology in all productive function. That is to say, even the infusion of technology has little or no positive impact on productivity.

    Given technological changes displacing labor in all sectors of economy, AUSTRALIA SWITCHED DIRECTION in its migration policy – there is definitely tightening of migration intake away from giving Permanent Residency status to granting of class 457 two-to-four year maximum TEMPORARY VISAS to meet skill shortages gaps.

    Sinkieland is still flooding in to overload its infrastructures and soon over-population will grind our transport network to a grinding snail space eroding productivity further. Cost of living will rocket higher even as economy tanking to near total collapse.

    Sinkies refused to change and wake up – the days of reckoning is looming on the horizon of sudden death collapse.

    Brutal-truths: Same goes for Capital cities like New York City (Finance & Media); London (also in Finance & Media); San Francisco & the Bay area (Technology & social media); LA & Hollywood (Creative & film industries).

    S’pore’s property markets & REITs (the Brick-n-mortar economy) were & still is constructed on a huge appetite for incoming foreign influx. But evidence of a declining rental market & growing vacant retail space tells of a different story.

    Not only fewer jobs but a sharing economy/smart apps will reduced the need (business disruption) for such an asset heavy economy like S’pore’s & affect those already invested/indebted ie. taxi & rental fleets; hotels & hospitality services; etc. The developed world is shifting to better use for capital & greater capital efficiency using technology – S’pore still stuck on a low-tech wholesale brick-n-mortar approach generating enormous capital wastage & excessive debt with little capital recovery (white elephant monuments). The CPF is stuck because of this

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  • Mt Faber:

    Brilliant my arse!

    The dummy going my the name Brutal Truth allows you to fook his arse, therefore he is brilliant.

    Well you can screw him until be bleeds and call him a genius!!!

    oxygen: @ Brutal-truths

    BRILLIANT INSIGHTS, mate.

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  • Sure or Not?: People at TRE seem to start talking in a way that Trump is a hero, caring for the welfare of his...
  • Does not make sense: Our army are training to protect people including thousands and thousands of Chinese living in...
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