Friday, October 28, 2011

Richard Wilkinson: How economic inequality harms societies....

Saw this video on The Online Citizen Facebook.

Richard Wilkinson presents some very compelling evidence to show why equality is more important than GDP to the well-being of a society.

The extreme inequality in Singapore shows up in 2min30sec into the video.  Singapore has the worst inequality among countries Wilkinson analyses.

22 comments:

Anonymous said...

The inequality is worsen by more cheaper foreigners coming to replace more Singaporeans next year when more Singaporeans are expected to lose their jobs in uncertain times because more companies want to maintain or grow their profit by hiring cheaper foreigners so that the directors can receive higher director fees, salary and bonus.

Anonymous said...

Inequality, whether bad, worse or worst is OK as long as:

1. Majority voters (60%) support the ruling party.

2. The ruling party can get 93% seats out of 60% voter support.

3. There are no protests at all on the streets and very peaceful.

4. Many foreigners want to come here to work and live and even become citizens.

5. There are buyers even though property has become very expensive.

6. Nobody is starving. If people are starving, peaceful also no use.

Anonymous said...

Inequality, whether bad, worse or worst is OK as long as:

1. Majority voters (60%) support the ruling party.

2. The ruling party can get 93% seats out of 60% voter support.

3. There are no protests at all on the streets and very peaceful.

4. Many foreigners want to come here to work and live and even become citizens.

5. There are buyers even though property has become very expensive.

6. Nobody is starving. If people are starving, peaceful also no use.

Anonymous said...

Old sage Confucius has said this 2,000 years ago:

不患寡而患不均 (Poverty is not the problem; the problem is inequality.)

Anonymous said...

PAP and a certain old man encourage this inequality, in a subtle and sneaky fashion and couch it in so-called Asian values.

Anonymous said...

anon 09:17 wrote:
"Many foreigners want to come here to work and live and even become citizens"

Hello friend, these foreigners are from India, China, Burma, Vietnam, hardly countries we should be emulating if we are trying to make life better for our citizens. They are here only because Singapore is "less bad" than their home country.

Anonymous said...

They are here only because Singapore is "less bad" than their home country.
Anon 28/10/11 10:58

Doesn't matter lah, as long as they come.

No fish, prawn also good lah.

Anonymous said...

"Singapore has the worst inequality among countries Wilkinson analyses."
Lucky Tan

But then how come the PAP has the highest %(93%) of seats in Parliament among countries Wilkinson analyses?

Anonymous said...

"Asian values"

I equate the following to Asian values:
- dictatorship (Asia has understood only dictatorship since the beginning of its history. Democracy only came in the 19th century)

- social inequality

Asian societies practice very strict social hierachy and social immobility, just to preserve 'stability' or status quo. They do it under various excuses such as the caste system, feudalism.

- Corruption (dishonesty)

Corruption is a way of life for most Asian societies. It is not the same as corporate CEOs getting paid skyhigh salaries why the rest are getting peanuts.

Corruption in Asian societies go as far as neighbours ripping off neighbhours just to make a quick buck, cops and civil servants taking bribes if not they will persecute you.

Screw Asian values!

Anonymous said...

Your post about middleman....

Lucky you must think thru what you are writing .... Also, most of your readers all shoot from the hip without thinking ....becos we are so predictable. 
We play right into their hands when we the people are divided... Every job is survival to everyone who took it up ...even a whore , yes i mean protitutes .
What makes one a whore & you a saint.... 
People work to make ends meet.... Lairs , lawyers , doctors , quacks, hawkers ,agents,taxi drivers, car park lot attendants....etc... Everyone is someones father , son , brother & you say they are whoring !!!!! 
Dont lose sight of your arguments ....
The question is how did the system or did we come to this state of affairs. It is shallow to label & generalize without understanding deeper why & how society became what it is. Its not just here in sgp. Its global . 
While your readers go at each others throat About who adds value & who are parasites.... the Powers That Be are gleefully making away with the loot.....the taxes , the regulations , the social economic engineering on a global scale. Divided we fall....divided by race color, religion , occupation, 1st2nd3rd world, north , south....dont you get it ...we are all screwed just the same.
We use labels like democracy , communism, socialist , free market & refer to their narrow definitions for clarity...which ironically are designed to make you chase your own tails ....
Call it whatever you want but do not loose sight of the big picture.
What most middleman makes are pittance compared to the scams & fraud perpetrated by the big boys who have created the modern finance & banking systems & controls, yet middleman are mostly unaware , for they are made to believe that they are truly making an honest living.

Labels labels labels .... Occupation vocation religion , color , north south , middle , lower , etc .....dont u get it.....?????

Anonymous said...

Bankers, financiers and gamblers are enjoying every minute whilst the Political Leaders in the US and Europe scheme their ways to enjoy living on others' money.
Singaporeans too must be laughing in their sleeps as they make their piles just by keying their terminals or thru their mobiles.
Where is the crisis, market rising faster than they fell and people no need to work for their fortunes. Tomorow will be better !

Anonymous said...

This video should be complemented with the following articles :

http://www.nytimes.com/2011/10/27/opinion/kristof-crony-capitalism-comes-homes.html?_r=2

http://www.economist.com/node/21534753

Get ready for the "tsunami" as PM Lee warned on his opening speech in Parliament. Then he recently warned again uncertain times..I think is the "rich" pretending to give warning, and preamble to say "we are going to start looting soon, don't say i never warn you".

Fools please stay out.

Anonymous said...

Although the ranking of Singapore's high income inequality was highlighted, Singapore's ranking on social problems compared against other countries was not shown. So, it can be argued that Singapore may be the outlier, i.e. although we have income inequality, we do not have as much social problems as the rich countries shown.

Just highlighting something which I think is important to note (not a PAP-supporter...)

Anonymous said...

"i.e. although we have income inequality, we do not have as much social problems as the rich countries shown."
Anon 28/10/11 17:48


That's right. And what better way to show than the 93% seats won by the PAP at the recent election?

Anonymous said...

""But then how come the PAP has the highest %(93%) of seats in Parliament among countries Wilkinson analyses?""

93% with 60% of the votes. inequality right ? that is the theme of the article.

luckily the grc is not one big country that you need to vote 87 seats for any one party @ one go.

Anonymous said...

"i.e. although we have income inequality, we do not have as much social problems as the rich countries shown."

look at 7.36 of the video. maybe those create social problems are in jail. secondly even there are, they cannot come out in the open to kpkb or they will get arrested.

Anonymous said...

The aim of the ruling party is to stay in power and reap as much from the people as possible into the reserves. You can see from all the profit-driven policies they have implemented: influx of very cheap foreign workers from countries with prevalent poverty; selling public housing to citizens making much profit even if they are affordable; taxation system which benefits the rich but makes the poor worse off(for example, GST even for basic necessities, medicine). The outcome of all these policies has make life for the poor very tough, for the middle-income the need to work very very hard just to live a decent life and a haven for the very rich, including the PAP elites. The only way the ruling party will tweak these policies is when the people can no longer "tahan" through a loss of votes by the PAP.

Anonymous said...

(Weill/Brecht 1928)
You gentlemen who think you have a mission
To purge us of the seven deadly sins
Should first sort out the basic food position
Then start your preaching, that’s where it begins

You lot who preach restraint and watch your waist as well
Should learn, for once, the way the world is run
However much you twist or whatever lies that you tell
Food is the first thing, morals follow on

So first make sure that those who are now starving
Get proper helpings when we all start carving
What keeps mankind alive?

What keeps mankind alive?
The fact that millions are daily tortured
Stifled, punished, silenced and oppressed
Mankind can keep alive thanks to its brilliance
In keeping its humanity repressed
And for once you must try not to shriek the facts
Mankind is kept alive by bestial acts

Anonymous said...

so long as people still vote for pap, inequality will widen. just realised so many singaporeans have two or more properties in singapore, these people will want more foreigners to exploit the rental income and thus will vote pap forever. its time property tax for second property to increase.

Anonymous said...

no one can have the best of two worlds. cannot have high GDP and low inequality. either choose heaven or hell.

Anonymous said...

Anon 28/10/11 22:36

"look at 7.36 of the video. maybe those create social problems are in jail."

I kinda feel that our rather draconian system of law has really nothing much to do with income inequality. It has more to do with our politics, and they are different matters.

tea length wedding dresses said...

Who wrote the sonnet of seaside romance? Guess Shakespeare would feel wordless at the sight of marine motif wedding dresses 2012. Amber’s beach cheap wedding dresses plus size unfold pictures of sea-inspired details like pearl beading, shelly appliqué and metallic embroidery. A profusion of drapes, bubbles, pleating and ruffling echoes to the very physique of the beach and the sea.