Singapore’s workforce productivity is often mediocre and well below that of the West and Asian economies such as Hong Kong.
The so called Singapore miracle was not
due to creativity and innovation but based on manpower mobilization and
brilliant marketing to attract foreign investment during the early days.
As any detailed economist can see, this is no miracle, but basically it
was about “getting the house in order”. Unlike elsewhere in Europe or
any Nordic countries, creativity and innovation is not found in
The city state also displays endemic
inefficiencies and mediocre performance at both macro and micro economic
levels. The performance of financial, research, education construction
and service sectors is second-rate compared to the west.
The entire Singapore economy is “run
like a casino”. A “Gambler’s Economy” where price inflation,
manipulation of demand and supply, low wage labor exploitation money
laundering and socio economic ponzi schemes fueling profits rather than
innovation and creativity. With such setup, unscrupulous or mediocre
enterprises have crept their way into Singapore’s economy further
fueling socio economic problems.
Singaporean workers work the longest and
are most stressed in the world. In Singapore, the cost of living which
is a expensive as some western countries is not proportional to one’s
income and working hours. In other developed countries, one can easily
afford a car and home even if she or she is a cleaner.
Singaporeans students one again come up
top as the most stressed students in the world according to certain
indicators but. The education system puts emphasis on rote learning and
paper qualifications rather than critical thinking. It also does help
one realize their own dreams and aspirations but follow the state
economical ideals. Many Singaporeans even though hardworking are unable
to secure a place in university due to overwhelming completion and
limited places. Moreover, Singapore’s educated are unfit for employment
any creative or innovation driven enterprises.
Singapore’s Economy as one may call is a
“freak” economy. It does not have natural resource input and depends on
the tide of world economy. Singapore has gone through various economic
recessions in the past years. Lack of laws regarding employment results
in unfair termination and wage payments by companies resulting in grief
even for competent workers.
Today’s problems have their roots in PAP
decisions made decades ago. These decisions were made on the run with
Yes-men with group-hugs under an illusion that it is one solution that
fits all problems
Scholars and highly paid mandarins
prized their pride and status above nation progress. Any criticism by
commoners about their failures are constantly downplayed, and polticial
critics of the government are sued for defamation or locked up in
A closer look as Singapore is a country, one may notice the city state has 2 systems.
1) The leadership work under a system
that are designed to protect themselves and in the process, deadwood and
weeds gather and clot the oxygen needed for advancements.
2) The masses work in an exploitative system that keep the leadership fat and bloated.
As one can see this system is based on stone age medieval or dynasty rule where peasants serve the rulers, elites and kings.
However in recent years the two systems
had been marred with problems like corruption, inefficiency, social
problems and unfairness. The effect of this is far reaching often
reaching the capability to completely screw the whole setup. Everyone is
seeing the clear effects of this in today’s Singapore.
There are other countries, committed to
open, democratic processes that have been spectacularly successful in
creating economics that are both dynamic and fair — with far less
inequality and far greater equality of opportunity than in the United
The economic achievements of the Nordic
countries are in large measure a result of the strongly democratic
nature of these societies. There is a positive nexus not just between
growth and equality, but between these two and democracy (the flip side
is that greater inequality not only weakens our economy, it also weakens
our social stability). Many countries that have such problems have
fallen into social anarchism where the system has failed and skewed
towards a favoring single side.
Singapore is still living in the past
and would slowly fade into oblivion as the developing countries progress
and overtake it. Its best days are over and certainly not a miracle as
they would want you to believe.
Source: Wee from Down under