Is a recession good for Singapore? You decide

[rusty]

The PAP had been introducing policies to enhance the GDP at the expense of the people’s comfort.
A deep and severe recession will slow down businesses and inevitably expel redundant foreign trashes.
This will be healthy in view of the overcrowded situations
What do you think?

 

[Watchman]

Re: Is recession is good for Singapore? You decide

This coming depression will make citizens wake up
and value important things in life not just money making .
Like I mentioned in the past and present .

Interesting thought but life goes on . There is a war going on .

They can keep bringing them in .
We can keep starving them of monetary contribution .
So who can survive this anger wave ; only the government sector .
The most inefficient is the gov sector .
They can keep extracting the same amount .
Like any failed state .
Once they grown too big and expensive and the
lower tier businesses cannot revive and sustain them in taxes .
They have to trim themselves before they go down .

 

[legal_bastard]

Re: Is recession is good for Singapore? You decide

hopefully, will wake up to fact that money isn't everything and money cannot buy the non materail things in life. I am surprised how some think that money can buy happiness, and (FAKE) love from family and friends

 

[mojito]

Or it may accelerate corporate restructuring in favour of cheap and compliant migrants.

The FT situation is irreversible in the medium term without extensive labour reforms. SG's workfare and "upgrading" programs do not seem to be successful in dealing with structural unemployment; S-pass, E-pass scam exacerbate graduate and white-collar permanent employment rate, and this group is largely non-unionized. Things could get much worse for SG citizens.

 

[neddy]

The PAP had been introducing policies to enhance the GDP at the expense of the people’s comfort.
A deep and severe recession will slow down businesses and inevitably expel redundant foreign trashes.
This will be healthy in view of the overcrowded situations
What do you think?

Recession is only good if it results in transformational sustainable change for the better.

Eg 1 Singapore can easily enhance GDP by importing more FTs. But it is not a sustainable solution.

Eg 2 The European debt problems cannot be solved by addressing the symptoms, it has to address the root of the issue which no European is brave enough to suggest.

 

[po2wq]

Is a recession good for Singapore? You decide ...

dat ah woodrow has provided ze mama of all quote on tis ...

 

[annexa]

I just want cost of living to come down. If recession is need to do this, I vote recession.