[h=1]WHY IT'S NOT GOOD TO HAVE A BUSINESS GOVERNMENT[/h]
Post date:
25 Apr 2015 - 3:08pm
Before PAP took power, we were already in a great position to prosper, in terms of good location and hardworking people.
I give credit to pap for the initial phase, building a home for every citizens.
It was when they self-praise and started 'pay well to curb corruption' that we were set to decline. PAP turned Singapore into a company to achieve that objective.
A business govt needs working capital. the 'directors' do not put their own money. Where did the money came from? Did they borrow or it came from CPF? A business govt has to set commercial CEO salaries. That makes our govt top heavy. During bull times, this top heavy structure is not easily seen. When the market turns bearish, the structure starts to shake.
Under commercial setups, when bears come, companies cut salaries, cut bonuses, reduce staff, look to new markets or close shop. Business govt cannot cut salaries, cut bonuses, reduce staff or close shop. The option left is to look for new market but the whole world is bearish so investments turn bad.
Business govt needs to do something to prevent the shaking structure from falling. So they look inside and opened the floodgates and the issues follow.
Entrepreneurs become a rare species and that key ingredient for nation building is replaced by FTs. In summary we lost direction of Singapore National Pledge by a mile. Our system has no built-in contingency plans for bad times.
Normally, good times we make money and save part of it. Bad times we spend our savings to tide over.
Today, the govt and the people are facing bad times and struggling over the ownership of the savings.
Patrick Eng
Post date:
25 Apr 2015 - 3:08pm
Before PAP took power, we were already in a great position to prosper, in terms of good location and hardworking people.
I give credit to pap for the initial phase, building a home for every citizens.
It was when they self-praise and started 'pay well to curb corruption' that we were set to decline. PAP turned Singapore into a company to achieve that objective.
A business govt needs working capital. the 'directors' do not put their own money. Where did the money came from? Did they borrow or it came from CPF? A business govt has to set commercial CEO salaries. That makes our govt top heavy. During bull times, this top heavy structure is not easily seen. When the market turns bearish, the structure starts to shake.
Under commercial setups, when bears come, companies cut salaries, cut bonuses, reduce staff, look to new markets or close shop. Business govt cannot cut salaries, cut bonuses, reduce staff or close shop. The option left is to look for new market but the whole world is bearish so investments turn bad.
Business govt needs to do something to prevent the shaking structure from falling. So they look inside and opened the floodgates and the issues follow.
Entrepreneurs become a rare species and that key ingredient for nation building is replaced by FTs. In summary we lost direction of Singapore National Pledge by a mile. Our system has no built-in contingency plans for bad times.
Normally, good times we make money and save part of it. Bad times we spend our savings to tide over.
Today, the govt and the people are facing bad times and struggling over the ownership of the savings.
Patrick Eng
:( 
