Saturday, July 14, 2007

The GOLDEN PERIOD is HERE......

Our esteemed MM Lee is right! Singapore is in a Golden Period. He must have concluded this after seeing the prices of top end condos hit $4000 psf, Mercedes showrooms filled by eager buyers and the number of millionaires hitting new records.

In the past 5 years, Singaporeans have benefitted from the economic policies of the PAP primarily focussed on generating as much economic growth as possible. MM Lee tells us, ".... as long as we are making solid growth, most problems can be managed". This is an important piece of insight; while other countries concerned themselves with more equitable distribution of wealth, better safeguards for low income workers as economies globalise, Singapore wasted no time to embrace globalization and the hot flow of instant money that it would bring.

Indeed 2% of Singaporeans who are landlords with multiple properties to rent out benefitted from rising rentals, our GLCs benefitted by raising prices on EVERYTHING , rich developers got richer as property prices shot through the roof...and our govt benefitted by increasing the GST which benefitted all the businesses who took the chance to raise prices, ....looks like the economic growth generated plenty of benefits......

Businesses enjoy pro-business policies that open the floodgates to foreign workers who are willing to work for much lower wages because it is more than sufficient to support their families back home who still enjoying a "3rd world cost of living". With corporate profits at a record high as a % of GDP, our business are certainly enjoying this Golden Period.


In the coming years, the PAP govt with give us more of the same type of policies that resulted in the Golden Period we are living in today. Tomorrow will indeed be better and brighter for Singapore Inc as profits soar and GDP grows......

6 comments:

Anonymous said...

The Rich gets richer, the Poors get poorer is a fact. What can we do? And what should we do? Hopefully, some sociologists, some think tank professionals, policy makers and not least the business community will volunteer some ideas for the betterments of society.

Anonymous said...

we have, generations after generations been teaching people to follow the scent of money. so parents direct their children where their leaders tell them the pot of gold is. in the process, a whole generation develop all the necessary pseudo values and talents to acquire their pot of gold and you want to talk about 'socialism' and 'heart'? hahahahha......

i think the next wave of attacks will come from the 'talents' we trusted and raised.

too much wealth and power in the hands of a few corrupt. what more, so much wealth generated for the talents we all look up to huh?

remember, this is a country that talk virginity and wear thongs under her tiny skirts at the same time.

Anonymous said...

The golden period for the rich developers and property owners. The poor also have their golden period - hair dyed gold everywhere. No one is left behind!

at82 said...

To the 1st anon:

Actually the solution had already been found. It is just the people in power do not deem that it is in their interest to implement it.

If wan to know the solution check out the videos here.

Hopefully everyone can publicize this documentary to as many Singaporeans as possible, we really need to know this.

Anonymous said...

I still dont believe what I am reading on the internet as I am a loyal to the Straits times , where news is factual. Just look at our country it is booming and soon all the weak and poor people will fade off and we will have the Singapore that we want, where it is for the rich and powerful.

Am glad we are making wonderful progress by leaps and bounds. I guess we have the elected govt to thank for all of these gifts , as it has made many SINGAPOREANS lives better, and we all plan to procreate and contribute our SONs and Daughters to this nation.

Cheers
M&M

Anonymous said...

Another motivating effort by the Old Man.