PM sad about 'protectionism', but what about local politics?
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channelnewsasia online headline screams “PM Lee warns against protectionism” (see http://www.channelnewsasia.com/stories/singaporelocalnews/view/298888/1/.html).
While PM Lee was specifically talking about how some foreign countries are resisting govt-linked investments from Singapore Government Investment Corp/Temasek Holdings, I can see lots of parallels, and contradictions, in his statement against protectionism.
In a world of openess, clean money is suppossed to move freely across national borders. Cash-rich SÂ’pore diversifies its savings by spending itÂ’s money not only propping up internal business, but also buying foreign ones. But when one govt wants to buy stakes in what are a foreign govtÂ’s quasi-govt companies or companies that have national impact (like telephony companies), obviously the latter govt would object/not-be-happy for reasons of security/soverign pride etc.
Singapore has now major shares in banks and phone companies (and others) across Asia and Australia, and some of these countries are unhappy about it.
So, PM Lee’s wise words are “Protectionist policies…will not make things better. Instead, they will choke off growth, and worsen the prospects for the vulnerable segments of society“.
I argue, on another matter, that it is exactly PeopleÂ’s Action PartyÂ’s protectionist policies in the local politics of Singapore that has not made things better (i.e. the lack of strong alternative political parties). Instead, PAP may choke off the growth of a viable opposition, and worsen the prospects for smooth political transitions when the PAPÂ’s steam runs out.
You see, PM Lee laments that the global world of business-acquisition is not a level playing field for small-but-rich Singapore, but yet on the local political field, the PAP is just as protectionist and ignorant of the consequences.
An avalance of contradictions? -
He's just got a different definition on a different context ...
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Double standard. Why ain't our government opening up the press and law industry? Same reason.
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adults are also like tat one wat...
adults tell kids these cannot do ... tat cannot do...
In the end, they themself still do...
So, is tat yr concept of contradictions ??? -
yeah.. sort of like his old man rants against gay people and his son marries a man
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Such funds, which include Government of Singapore Investment Corporation (GIC) and Temasek Holdings', have sparked an increasing backlash in the West because of their growing financial clout.
--> Foreigners know the regime pap too well. The western countries are for protectionism which is in oppose to leehsienloong's money making interest, so the empty vessel is making a fuss (throwing tantrum). -
interesting....Originally posted by the Bear:yeah.. sort of like his old man rants against gay people and his son marries a man
I have heard of rumors tat lhy divorce with her wife because of a mistress... Now tat mistress is a man ??? -
The same was said when the Fair Competition Act was introduced.
Regards -
no lah.. look at our PM.. he married a man.. and an ugly man at that
as for our PM's brother, i dunno.. who knows what kind of weirdo kinks the filthy rich indulge inOriginally posted by ispyyy:interesting....
I have heard of rumors tat lhy divorce with her wife because of a mistress... Now tat mistress is a man ??? -
before saying other people, pm should have a look at their own actions.
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ahhhh.... catch ball liao..
hahahaha....
coz, I heard rumours tat lhy left singtel is because of his mistress...
Yet... still no official news leh...
Guess jia chou bu ke wang yang -
well, look at the PM's husband.. HoChing.. and i bet after looking at that face, you wish you didn't and want some eye bleach
that can't be a woman.. women are pretty and nice and wonderful..
that must be a man.. and an ugly man at that
anyway, after the PM married him, the PM being from the "dominant" family, HoChing will have to use his family name... so HoChing became LeeChing.. and has been leeching Singapore ever since
heck! give him back his family name.. the PM's husband can be called.. the LeeChing-Ho
Originally posted by ispyyy:ahhhh.... catch ball liao..
hahahaha....
coz, I heard rumours tat lhy left singtel is because of his mistress...
Yet... still no official news leh...
Guess jia chou bu ke wang yang -
LeeChing, Lee Ching is my ex boss who is a super bitch. Leeching indeed for hoching.Originally posted by the Bear:well, look at the PM's husband.. HoChing.. and i bet after looking at that face, you wish you didn't and want some eye bleach
that can't be a woman.. women are pretty and nice and wonderful..
that must be a man.. and an ugly man at that
anyway, after the PM married him, the PM being from the "dominant" family, HoChing will have to use his family name... so HoChing became LeeChing.. and has been leeching Singapore ever since
heck! give him back his family name.. the PM's husband can be called.. the LeeChing-Ho -
what about the local stock market?
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Originally posted by qlqq9:LeeChing, Lee Ching is my ex boss who is a super bitch. Leeching indeed for hoching.
High flyer spotted -
Hmm... Cute way to put it....?Originally posted by ^tamago^:Double standard. Why ain't our government opening up the press and law industry? Same reason.