Article : Singapore Economy has MAXED OUT!

[TopSage]

This article is found in TREmeritus but originally published in SeekingAlpha an investment website.

The full article is found here:

http://seekingalpha.com/article/905081-singapore-s-economy-is-maxed-out


It explains how Singapore has maxed out its resources.

1. Singapore workers work extremely long hours highest in developed countries and at least 30% more hours than US and Japan.

2. It shows the demographics is right now at the peak workforce size level. and will flatten and decline.

3. It shows population density is already abnormally high levels higher than the most densely populated US city NYC.

4. Based on this the author says Singapore economy is MAX-ED out.

However, there are many flaws in the article:

1. The PAP govt can import people despite our demographics to force the economy to grow.

2. The PAP govt is unconcerned with the overcrowding effects of high density. It can just make the people shoulder increasing cost of living.

3. The article did not mention the Singapore income inequality which is the highest in the developed world. This is usually a hindrance to growth in democratci countries due to protests and unhappiness among populations. However, the PAP holds enormous propaganda power and authoritarian power to suppress such situations.

My conclusion is this is a good article but not a complete article on Singapore's economy.

Visit my blog:http://sgordinary.blogspot.com for more discussion on the economy and stories of ordinary people in Singapore.

 

[Leongsam]

However, the PAP holds enormous propaganda power and authoritarian power to suppress such situations.

The ability to suppress what is essentially a violent manifestation of envy is a positive in my books. Why should losers be allowed to use mob rule to intimidate the hardworking and successful members of society? No society should tolerate such lawlessness.

 

[TopSage]

The ability to suppress what is essentially a violent manifestation of envy is a positive in my books. Why should losers be allowed to use mob rule to intimidate the hardworking and successful members of society? No society should tolerate such lawlessness.

The other interpretation is why should the oppressive be allowed to suppress the exploited to maintain their advantages. We all started from the starting line trying to get ahead. Then those who get ahead use their wealth to put up barriers to prevent others at getting a shot. This is what sank every society from the day of the cave men to the French revolution, to the current situation we see today.

 

[Dreamer1]

Brother TopSage,

MM Lee KY and his son practice out of this earth economic theory,that is why Western economists catch NO ball.
Typical example is Paul Krugman Nobel laureate Krugman
– In late 1994, Professor Paul Krugman published his article, "The Myth of Asia's" which predicted that Singapore was at its peak in 1994 and set to go downhill as Singapore had then exceed limits for workers,capital & productivity,the three favctors for economic growth.
Nobel laureate Paul Krugman was wrong as Ang Mos did not understand the great magician Lee KY,who overcame the two factors of workers by mass import of foreigners and capital by making CPF money his investment capital,except productivity which our Ah Lao did not care and it went into a free fall.
That is the trick of Magician MM Lee KY,ang mos must learn from him to improve their growth,or else all Ang Mos will be the laughting stock of his proud pupil in China PRC and Lee KY,or we proud Asians.
watch the irresistible Asian rise ???LOL

 

[TopSage]

Brother TopSage,

MM Lee KY and his son practice out of this earth economic theory,that is why Western economists catch NO ball.
Typical example is Paul Krugman Nobel laureate Krugman
– In late 1994, Professor Paul Krugman published his article, "The Myth of Asia's" which predicted that Singapore was at its peak in 1994 and set to go downhill as Singapore had then exceed limits for workers,capital & productivity,the three favctors for economic growth.
Nobel laureate Paul Krugman was wrong as Ang Mos did not understand the great magician Lee KY,who overcame the two factors of workers by mass import of foreigners and capital by making CPF money his investment capital,except productivity which our Ah Lao did not care and it went into a free fall.
That is the trick of Magician MM Lee KY,ang mos must learn from him to improve their growth,or else all Ang Mos will be the laughting stock of his proud pupil in China PRC and Lee KY,or we proud Asians.
watch the irresistible Asian rise ???LOL

This is elitist PAP-nomics.

 

[Leongsam]

Then those who get ahead use their wealth to put up barriers to prevent others at getting a shot.

There are no such barriers in Singapore. Students from very humble backgrounds with no connections whatsoever to the Lee family can rise through the ranks to become ministers and potential PMs.

 

[TopSage]

That is a 1 in 10000 example win 4D is actually easier. Singapore has 400,000 under paid workers a newborn to a poor family tod ay is more than 100 times more likely to be one of these than one of top10% earners

There are no such barriers in Singapore. Students from very humble backgrounds with no connections whatsoever to the Lee family can rise through the ranks to become ministers and potential PMs.

 

[Leongsam]

That is a 1 in 10000 example win 4D is actually easier. Singapore has 400,000 under paid workers a newborn to a poor family tod ay is more than 100 times more likely to be one of these than one of top10% earners

It's not about equal outcomes. It's about equal opportunity and there is nothing preventing any child of any of those 400,000 underpaid workers from achieving success if they set their mind to it.

If they don't succeed, it's because they choose to waste their time hanging around shopping malls instead of studying hard to achieve excellence.

 

[Dreamer1]

Will China fail as Singapore has failed?

http://www.themoneyillusion.com/?p=16808

 

[Bigfuck]

Corrupt Leegime and his incompetent french cooking lanjiao dogs not maxed out on salaries yet leh. Still got leeway to go to totally empty the coffers and put SGPoreans in debts till the next century.

 

[Dreamer1]

Pl replace HK with Singapore,thank you.
是什么打垮了香港企业家？很简单，就是泡沫经济！香港企业因为有内地这个港湾，所以就“不思进取”，直接把工厂转移到内地。与此同时，香港又推行了错误的政策，由此催生了股市泡沫和楼市泡沫。这样，中国香港企业透过制造业积累起来的资本并不像中国台湾那样投入了IT产业，也不像日本、韩国那样投入了半导体产业和造船这些技术密集型产业。等到亚洲金融危机爆发，股市和楼市泡沫崩溃，香港透过出口导向型积累起来的这些财富顷刻间付之东流了。

　　有关数据显示，从1991年到1997年这7年间，香港房价和股价的增值一共是7万亿港元，而这恰恰相当于香港在这7年间GDP的总和。也就是说，1997年以前香港所有的财富都被股市和楼市的泡沫吸走了。除了少数在卖空中大赚特赚的投机者，大部分人这么多年的辛苦所得全部化为泡影，整个社会的财富也都付之一炬。社会财富被掏空的结果就是经济陷入长期衰退。

　　泡沫经济毁掉的不仅仅是财富，更是创业热情、公众信心和社会基础。因为泡沫经济崩溃之后，中产阶级都沦为事实上的房奴，这样整个经济都由创业经济变为收租经济，经济不管是涨还是不涨，都是拥有土地的少数人借由租金获得越来越多的财富。1997年香港人均收入28000美元、2011年32000美元，90%的港人生活条件在过去14年里没有得到改善，财富越来越集中在少数人手中，1%的人占去社会总资产的43%，5%的人占去72%。