Originally posted by Gun:
Welcome to Singapore Inc.
Where its board of directors (PM, cabinet ministers etc etc) decide who to hire (Scholars, private enterise high-flyers, "foreign-talents " ) or fire (opposition party members, "highly" paid local workers).
The board will determine the next business directions should take like football bettings, Postoffices-cum-pawnshops and casino operations. Forget about past lousy investments from fab plants, biotechs and manufacturings.
$$$ is the least concern as their CFO has direct access to Singapore's Inc billion-dollar in treasuries and reserves, CPF accounts and numerous domestic revenues like ERP, IRAS, SMRT, Transits GST etc etc...
And to enhance a sense of worker loyalty to the good of this Company, powerless shareholders like HDB flat owners, CPF members are constantly reminded they "own" their strinking brand-new properties for the next 99yrs or less, which are subjected to conditions determined by the S'pore'Inc property management div of HDB.
My only worry is with such boss-worker mechansim in Singapore's governing institutions, which way this Inc venture will lead to ? The way of Virgin or Enron ?
The present leaders have long long ago considered themselves to be the leaders of exceptional quality or abilities.
People believe their abiliies up to the 1970s. From that time onwards, the so-called leadership was nothing more than taxing and recovering all government costs to obtain surpluses.
Business competitiveness has dropped to the bottom because of leaders' mistakes in over-relying on foreigners to create investments. Technological excellence is very lacking due to mistakes in educating people to be book worms, to become scholars and earn high salaries from employment, to score high grades neglecting broad-based practical knowledge applicators to train all to become entreprepeurs and technologists and create high-tech jobs.
Look at our schooling and universities. They are academic with students taught on how to pass examination based on out-dated standard and not the advanced industries. If our leaders are capable they should know how to lead all to economic competitiveness.
Our leaders are not interested in producing economic competitiveness but only in taxing and recovering all costs resulting in hardships to all.
