Old Man gives his take on the matter.
The learning point is Cecas are not the same. Need to pit Delhi vs Bombay vs Tamils.
India will turn out shitty products.They are unlikely to surpass China's production capabilities, particularly in supply chain management, where China offers comprehensive production solutions. When the US and Western countries relocate their production to India, they can provide labor, factories, and facilities, but the actual product' parts and modules will likely be supplied by Chinese manufacturers.
The PAP is incredibly stupid to sign CECA. Why were our scholars so easily outfoxed by their Indian counterparts?They insist on caste system instead of meritocracy bringing their 3rd world culture to Sg. Can they be incredible?
My ex colleague's family suffered greatly. While their family's wealth came from their own ability, he told me grandparents had to resort to eating tree bark after their wealth being confiscated. Need to hear how the teachers were made to go countryside to do hard labour & died. Do you want to equalise? Go pay a visit the Confucius family in shandong. One descendant has to resort to writing calligraphy for a living in their ex big courtyard.It Suddenly occured to me that china under Mao executed the wealthy and landlords thus destroying their grip and allowed those below to move up.
Now if india did the same, who knows....
Old Man gives his take on the matter.
The learning point is Cecas are not the same. Need to pit Delhi vs Bombay vs Tamils.
The PAP is committing economic genocide of the SG middle classes, allowing CECAs and other foreigners to move up into that space. The ultra rich non-S'poreans are joining local elites which is exactly what the PAP wants.It Suddenly occured to me that china under Mao executed the wealthy and landlords thus destroying their grip and allowed those below to move up.
Now if india did the same, who knows....
The caste system and affirmative action are holding India and Malaysia respectively from progressing. May these 2 systems continue to exist.Another thing Mao did was to reduce the influence of religion which will eliminate the caste system in India. A big hindrance to a more robust and united Indua.
Stealing wealthy people from other places, the wealth does not trickle down to those below but will benefit those already wealthy in my opinion.The PAP is committing economic genocide of the SG middle classes, allowing CECAs and other foreigners to move up into that space. The ultra rich non-S'poreans are joining local elites which is exactly what the PAP wants.
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By abolishing estate duty, the PAP is clearly creating policies that benefit themselves as well as other wealthy and influential people.Stealing wealthy people from other places, the wealth does not trickle down to those below but will benefit those already wealthy in my opinion.
Unless a fund is created to finance new small businesses. Or the banks are forced to finance a portion of their loan to help create new businesses.