A mathematical equation: Why are we so poor despite a high GDP?
The Economist’s GDP per Capita (PPP) line chart brings up an interesting conjecture (defined as an opinion or theory so formed or expressed; guess; speculation) about Singapore’s excellent GDP per Capita performance. Components of GDP by expenditure: GDP (Y) is the sum of consumption (C), investment (I), government spending...
Why use a Hammer to kill a Fly? Wouldn’t a flyswatter suffice?
Many, many years ago, I’d worked at Raffles Place & during one lunch break, I heard a commotion near the Arcade. As I walked closer to see what’s happening, it was the familiar figure of JB Jeyaretnam with a few WP friends setting up his stall selling his books. As I recce the immediate surroundings, I could also see...
LKY authoritarianism no longer has a place in today’s Singapore
Based on LKY’s concept of leadership, and meritocracy, this country has been run auto-piloted for 50 years, and we are still at the starting point of nation building where the leaders consider themselves as above the citizens their master. We need to change such a top-down autocracy adopted by LKY if we truly want to make...
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