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

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...

So the concept of “Loyal Oppie” is very obvious
 
1746760627479.jpeg

The latest capitalist cumming….more Good Years to cum for Sinki
 
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...

Thank u, it helps to under A better pic from 1970-1990 And how these historical event affect current outcum
 
In essence, PJ Thum is claiming that the role of the PAP is central to his discussion. His argument is that the govt has, over time, adopted a more capitalistic stance, prioritising economic growth and efficiency in ways that are not aligned with the immediate financial well-being of S'poreans. The govt, through its policies and involvement in the economy, acts more like a party seeking economic gains rather than as a representative safeguarding the interests of S'porean workers.
 
Eisenhut said:
He is the PM we don't deserve
Click to expand...
A key element of S'pore's economic strategy is to maintain international competitiveness. This focus leads to policies that suppress wage growth for S'porean workers. The rationale is that lower labour costs enhance S'pore's attractiveness to foreign MNCs and maintain our competitive edge in the global market. However, the consequence, according to PJ's perspective, is a stagnation or slower growth of local wages vs the rising cost of goods and services.
 
True Believer said:
In essence, PJ Thum is claiming that the role of the PAP is central to his discussion. His argument is that the govt has, over time, adopted a more capitalistic stance, prioritising economic growth and efficiency in ways that are not aligned with the immediate financial well-being of S'poreans. The govt, through its policies and involvement in the economy, acts more like a party seeking economic gains rather than as a representative safeguarding the interests of S'porean workers.
Click to expand...
In short,PAP is a pro-capital,pro-business and pro-elite party.
 
laksaboy said:
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.
Click to expand...

What did I tell you? Impeccable timing. :cool:

 
True Believer said:
In essence, PJ Thum is claiming that the role of the PAP is central to his discussion. His argument is that the govt has, over time, adopted a more capitalistic stance, prioritising economic growth and efficiency in ways that are not aligned with the immediate financial well-being of S'poreans. The govt, through its policies and involvement in the economy, acts more like a party seeking economic gains rather than as a representative safeguarding the interests of S'porean workers.
Click to expand...
Leemember… it is Majulah PAP then Majilah Singapore
 
True Believer said:
A key element of S'pore's economic strategy is to maintain international competitiveness. This focus leads to policies that suppress wage growth for S'porean workers. The rationale is that lower labour costs enhance S'pore's attractiveness to foreign MNCs and maintain our competitive edge in the global market. However, the consequence, according to PJ's perspective, is a stagnation or slower growth of local wages vs the rising cost of goods and services.
Click to expand...

Then why PM and ministars and jiak liaobee mayors paid so highly? PM is paid 5x Donald trump

Classic case of animal farm, " some are more equal than others"

Yet Singapore pledge say " ...base on justice and equality..."

Lanjiao la
 
Eisenhut said:
Then why PM and ministars and jiak liaobee mayors paid so highly? PM is paid 5x Donald trump Classic case of animal farm, " some are more equal than others" Yet Singapore pledge say " ...base on justice and equality..."Lanjiao la
Click to expand...
The S'pore govt prioritises economic growth to improve lives, create opportunities and ensure a prosperous future for themselves.
 
batman1 said:
In short,PAP is a pro-capital,pro-business and pro-elite party.
Click to expand...
Economic growth is seen by the PAP as a key factor in attracting foreign investment (including foreign white collar labour) and maintaining S'pore's status as a global hub at the expense of SG citizens.
 
True Believer said:
In essence, PJ Thum is claiming that the role of the PAP is central to his discussion. His argument is that the govt has, over time, adopted a more capitalistic stance, prioritising economic growth and efficiency in ways that are not aligned with the immediate financial well-being of S'poreans. The govt, through its policies and involvement in the economy, acts more like a party seeking economic gains rather than as a representative safeguarding the interests of S'porean workers.
Click to expand...
What is good for business is good for the workers and society
 
syed putra said:
What is good for business is good for the workers and society
Click to expand...
S'pore's economic success is undeniable, but there are grave concerns about the impact of growth on the well-being of our people. There are valid concerns that strong economic growth has not been matched by commensurate improvements in societal well-being, and that inequality has been increasing. Immigration which is a key factor in SG's economic model, impacts employment for most locals.
 
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