The fuck-up-ness of the Singapore Economic Model : Explained by PJ Thum

glockman

glockman

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Historian Thum Ping Tjin ("PJ") explains how Singapore’s economic model has created Singapore’s current cost of living crisis. The economic model incentivises raising prices (for GDP growth) and suppresses the wages of Singaporeans in the name of “competitiveness”. The PAP government itself has become a capitalist and seeks to exploit Singaporean workers rather than represent their interests. The PAP government also hoards Singaporean savings in the sovereign wealth funds rather than use it to benefit Singaporeans. Still confused? Watch the skit at the end!

 
How come he he did not participate in recent elections? This is the type of leader opposition needs.
 
Supress wages with NTUC a.k.a. the 'tripartism' cult.

Hoard the money and a chunk of it is spent on the sacred cow: the military budget. For example, procuring submarines when shithole island is surrounded by shallow waters. SAF and the cult of 'operational readiness'.

The NTUC and the SAF are the two legs on which the PAP machinery stands on. That's why PAP politicians recruited from these two organizations almost always have the fastest track to becoming a full minister.
 
glockman said:
Historian Thum Ping Tjin ("PJ") explains how Singapore’s economic model has created Singapore’s current cost of living crisis. The economic model incentivises raising prices (for GDP growth) and suppresses the wages of Singaporeans in the name of “competitiveness”. The PAP government itself has become a capitalist and seeks to exploit Singaporean workers rather than represent their interests. The PAP government also hoards Singaporean savings in the sovereign wealth funds rather than use it to benefit Singaporeans. Still confused? Watch the skit at the end!

Click to expand...



He is the PM we don't deserve
 
glockman said:
The PAP government also hoards Singaporean savings in the sovereign wealth funds rather than use it to benefit Singaporeans.
Click to expand...
you sure all the money is still in SWF or not siphoned away to fill the gaps and holes left by someone's recalcitrant gambling?
 
Don't complained .
There's still a lot of unthinking people around.
 
You dont have private dinner with Rich People, it's your fault for being Poor

1746753721196.png
 
Tiagong PJ Thum is a Historian.
Errr...also very wealthy and very well qualified
academically , also a Rhodes Scholar. :tongue:
 
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