What Jobs may say of Ruler Loong's lackeys and minions......

mscitw

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Jobs labelled the goondu group of executives brought in to run Apple after his ouster in 1985 "corrupt people" with "corrupt values" who cared only about making money.

Peasants may call the present group of minions and lackeys brought in by ex-Regent Woody and Ruler Loong since 1990s "corrupt serpents who cared only about bring home fat cat stipends".

Jobs may have the same description for Ruler Loong's minions and lackeys. The lackeys and minions demanded that stupid lazy local peasants be 'better, cheaper and faster' than overseas workers to make MNCs happy. Yet the same yardstick is not applied to themselves.

The Civil Service is not open to foreign imports' competition for the senior positions. Cheaper and better educated foreigners are barred from giving senior Civil Serpents e.g. Permanent Secretaries a run for their money. The well paid senior PS' arrogance and complacency are renowned. They have utter contempt for local peasants and often take pot shots at their overseas counterparts e.g. Japan is fat loser, Indians are stupid'. One of their numbers took the idea of foolishness to new heights by spending $45k to work as an overseas French kitchen help and crowing his silly exploits online. That explains why his department was found napping during the annual Orchard Road floods.

Among the minions ranks, there is no chance of parachuting foreigners to give kicks on inept butts. As a result, when minions screwed up big time e.g. Marboro (expensive & chronic pigeonhole shortages), Wong Cunt sing (Limping Mas skip jail), Ray Lim (third world transport+COE glut), the peasants pay the ultimate price.


Jobs says LSD "reinforced my sense of what was important - creating great things instead of making money, putting things back into the stream of history and of human consciousness as much as I could".

One must salute Jobs for the clarity of view despite having a high from designer drugs.

Anglo-saxon culture is about using inventions to help mankind lead better lives. While some of the nutty ones wiped out South American civilisations, sold opium to the Chinks, history is full of example of anglo saxon innovations that ultimately bring in huge fortunes for their inventors because of the time and labour saving features that resulted in increased production of affordable capital goods and services.

However in rent driven Peasantpore, this is not the case.

The regime is only interesting in supplying cheap peasant labourers for MNCs to reap rent income e.g. corporate taxes. The regime's nationalised corporations do not yield a single manufacturing product to its name. Micropolis was bankrupted by Ho Jinx. Peelip's expensive semi-conductor experiments e.g. Chartered disposed at discount to foreign investors with no profits since its formation. The entire national economy is dominated by MNCs and rent driven natioanlised corporation.

In recent years, the regime decided to play finance engineering innovation by selling off state assets to improve cash flow. Power stations, telcos, public transport and other former nationalised assets were sold to private investors or other quasi nationalised corporations to for profits. This is a perverse form of Amakudari. Retired lackeys and minions often found themselves as well paid 'jiat leow bee' directors in those new quasi-nationalised corporations e.g. Spore Power, Singtel, M1, SMRT, Transit-Link

Price hikes became a norm after the quasi-privatisation because the new corporate entities demanded super-normal profits from their monopolies e.g. SMRT's annual fare hikes. This is another example of ever extracting revenues from economic rent.

The regime went futher in 2007 by opening up the gambling sectors to foreigners. Gambling concessions were sold to Sands and Resort World for 4 billion peanuts. To add salt to injury, Ruler Loong's father and wife let him down when both their speculative mistakes cost the state treasury US$10 billion (Citibank, UBS) in losses. The losses were enough to build another 5 Intergrated Resorts with fully furnished casinos and high end whore houses. The lost opportunities could fund 30 Youth Olympics!

Contrast the rent driven tricks with Job's performance during Apple's second Golden Age. Apple, under Jobs second return, became the most valuable technology company with US80 billion cash flow by 2010.

Job's cash flow will enable Baba Emperor and Ho Jinx to make 8 major speculation mistakes, each pegged at US$10 billion. Despite the fiascos and Gabras, both Baba Emperor and Ho Jinx refused to acknowledge their incompetence because they are related to Ruler Loong (nepotism). Both have thicker hides than the Great Wall of China and remained as top honchos in their respective soverign funds organisation.
 
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