- Joined
- Aug 19, 2008
- Messages
- 38,563
- Points
- 113
Remember your CPF was to be returned to you when you turned 55? Remember that the HDB was to provide affordable housing?
Enron was a scam from the start. It has nothing to do with privatization. There is nothing inherently wrong with privatization. Do not confuse the means with the end-product. It's like saying I don
t want to live because by living, I am going to grow old and die.
Of course timing and which areas are privatised in sequence are crucial so as to allow for a smooth transition is imperative.
Enron is a case of un-regulated private companies.
CPF is terrible but Singapore doesnt suffer fromthe same kind of debt crisis as the US which owes China billions.