The truth behind Singapore’s stellar GDP growth statistics
Lee Kuan Yew and PAP made a mistake using GDP growth over productivity growth as the main economic KPI. After almost 3 decades, Singaporeans still do not have a Swiss standard of living while the PAP does not really care because it pays its office holders million-dollar salaries based on this flawed vision of success. Because...
Employment Pass growth 13 times more than locals?
I refer to the article “Parliament: New measures to help unemployed Singaporeans and employers who take them on” (Straits Times, Apr 8). 21% of jobs over $3,300 are foreigners? It states that “Nationwide, 21 per cent of jobs within the Employment Pass salary range of $3,300 and above are filled by foreigners, and the growth...
Singapore’s false illusion of meritocracy and equality
Despite its appearance of equality and meritocracy, Singapore’s political model has been about two things. One, there is the consistent vote-banking through the influx of ‘hungry’ foreigners to help PAP maintain its status quo. Two, there is a reliance on foreign capitalism to provide capital for economic growth. The...
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