Truth Exposed: How The PAP Will Crash The Singapore Economy

The Real Solutions To Fix Singapore’s Economy

But what are the solutions? Easy – we, Singaporeans, have been talking about them all these while. In fact, we have been proposing them but the PAP has been skipping past them or overrode our proposals by covering it up with their half-baked attempts at resolving the problems (as highlighted above).

Very simply, this is what has caused the equilibrium economy to malfunction:

  1. The PAP has directly intervened in the free market economy by artificially inflating prices over and above the consumer’s willingness to spend, thus reducing their purchasing power and causing Singaporeans to go into heavy debt.
  2. The PAP introduced several profit-making initiatives which allowed them to earn more money off the people, via high rents and foreign worker levies.
  3. The PAP’s selfish profit-making wants and its overbearing initiatives to increase its profits have depressed the wages of Singaporeans.

As discussed, the PAP had attempted to introduce “solutions” to these but instead of directly resolved them, did next to nothing to resolve them but which only allowed them to reap further profits.

If you can understand that the problem started off with the PAP wanting to make profits and introducing the overbearing initiatives (i.e. high rents and foreign worker levies), the way to resolve this is to very simply, remove the PAP’s direct intervention and by removing their faux “solutions”.

Thus, seeing what the real problems are, what a responsible government should do is the following:

  1. Remove foreign worker levies
  2. Reduce rents
  3. Reduce its control and manipulation of the prices
  4. Implement minimum wage – this has to be done to bring wages back to parity as it has been depressed for more than 15 years now and has resulted in 15 years of lost purchasing power
  5. Increase subsidies for essential services (e.g. healthcare, education, transport) – this has to also be done because prices have grown way and above the people’s wages, thus causing these essential services to be priced out of the people’s means such that Singaporeans have to choose to die instead of receive adequate healthcare

The basic idea behind these solutions is this – it’s time to go back to the basics of how an economy should fundamentally work. The PAP has over-intervened in the economy by first having a profit-making want, which created problems downstream. And in having to resolve these problems while still wanting to earn profits, they thus created half-hearted “solutions” to “fix” these problems, which further entrenched these problems and caused further problems. Instead of actually “fixing” the economy, it’s completely ridiculous and a waste of public resources to try to fix the opposition. If you simply spend the time and resources fixing the economy, you won’t need to be worried with having to fix critics of your system, because they are rightfully critiquing a system that is broken.

The only way to effectively solve our country’s problems at this point is to tear down the artificial structures that the PAP has built over this equilibrium economic model, which bogged it down. Once we remove the trappings of the system, the engine can start running again and the system will smooth itself out again.


But as I had explained, the PAP is not willing to implement these solutions. Why? You guessed it – because it doesn’t add to their profits.


But how so?

  1. You see, when we remove foreign worker levies, companies would be able to channel these existing “wage costs” to increase their workers’ wages directly. This benefit Singaporeans but doesn’t benefit the PAP.
  2. When rents are reduced, the business costs of companies would also be directly reduced, and the savings can again be channelled to increasing the wages of the workers or for investment to increase productivity. Again, this benefit Singaporeans but not the PAP.
  3. If a minimum wage is implemented, again this would directly benefit Singaporeans and workers. Yet again, PAP won’t benefit from this.
  4. When the government increases subsidies, this would directly benefit Singaporeans who would be able to pay less (out of their diminishing purchasing power) for essential services, and be able to access them. This would be a cost to the PAP.
  5. Finally, when rents are reduced, the above would similarly take place and not only that, with a higher purchasing power and less debt, consumers can spend more and put the economy back on its growth. But why let Singaporeans have more to spend, when the aim to earn from them?


As you can see, these real solutions don’t benefit the PAP. And since they are in it for the profits, implementing real solutions to help Singaporeans is not in their core interests.

So, you see the solutions are there.

Once you understand the basic fundamentals of how our economy should function, and how the PAP has directly intervened to cause our economy to malfunction, you would know what the solutions are – to remove the baggage that the PAP has created and to free up the system so that it can run by itself again.

The PAP Will Put The Lives Of Singaporeans In Jeopardy 

And as some of you must also be thinking – the other clear solution would be to invite the PAP out of government. As I had written, since the PAP’s primary focused is on earning money and not to take care of Singaporeans, this focus is precisely what will cause Singapore to flounder, as we have seen in this article.

Thus it is not in the interest of Singaporeans to keep the PAP in government as their self-serving motives and half-hearted tactics will only cause further corruption to our system, and prevent the Singapore economy from growing in the long term. In fact, because of the PAP’s short-term profit-seeking behaviour, the short term gains that they seek puts them in direct conflict with the need for Singapore to be planned from a long-term perspective. Thus because of the PAP’s greed, Singapore’s future will be in jeopardy, and this also means that our future, our children’s future and their children’s, are also in jeopardy.

It is in the interest of Singaporeans to let the PAP go and allow ourselves to come in to rebuild our country. Otherwise, what our predecessors have built would go to waste as Singapore slowly degenerates.

Finally, to have a fuller picture of how the PAP Dynastic Conglomeration works, here it is:

The PAP has taken over our government, the largest companies in Singapore, our unions, our CPF, they’ve bought our land at cheap prices and sold it off at high prices, and they’ve controlled our public housing and created an entrapment scheme with our CPF to tie our money into them. All these money generated are pumped back into the PAP’s investment firms, GIC and Temasek Holdings. Where does all the money go?


By the way, do you know that the Singapore Prime Minister, the two Deputy Prime Ministers, the ex-Minister Mentor, as well as several ministers are on the board of directors of the GIC?

The PAP Will Destroy Singapore. Since They Won’t Listen, Vote Them Out

Well, are you worried now? Are you enraged now? Do you realise where all your money is going to, after all this while? This entrapment plan has been in existence for at least 30 years now, mind you. And it has its roots and planning long before.

You are not a citizen of Singapore – at least that’s not how they look at you. To them, you are just a lowly worker whom they have locked into a system to help them generate the profits that they want. Even if you would like to see yourself as a citizen, to them, you are only a second-class citizen – even non-citizens who are able to bring millions and billions into this country for them have more rights than you, Singaporeans who were born and grew up here in Singapore.

Perhaps it’s time we awake from our dreamland. The PAP likes to claim that it thinks long term. It obviously doesn’t – short-term gains, short-term profits. For the PAP, Singaporeans are redundant but while the people are here anyway, let’s think of how to cut them down but still make them work for us.

If you care about your future, if you care about the future of your children and their children, it’s time to awaken now. It’s time to take things into your own hands. If you know what you are in for, if the PAP continues with its entrapment plan, there’s not much in it for you to continue with the PAP, except for further suffering. If I were you, I would stop them in their tracks. If the PAP has proven themselves to be so selfish and to care only for themselves, you know what, Singapore doesn’t need them.

In fact, the PAP needs Singapore, not the other way round. It is with the land that they’ve bought, the cheap labour from you and the high prices they charge that they are able to earn so much from us. They are more scared to lose Singapore to us, than anything.

Singapore Is Your Home, Not The PAP’s Rich Playground: It’s Time You Fight Back

But Singapore is your country, Singapore is your home. It is not a private company that some entity can barge in, take over, run for 50 years and claim it to be their own. It is time for you to take it back. It is time for you to fight and take control of what is yours, and rightfully yours as a citizen. A few years ago, a foreign entity hijacked a local non-governmental organisation and took over their management. Their members got outraged, held an extraordinary general meeting, came in the droves and kicked the hijackers out.

It is time Singaporeans do the same. It is time we stand up, stand shoulder to shoulder and it is time we kick the scourge and the bully out of lives. No one can barge into our country, make us take up knives against one another and make us work for them forever. For far too long, we’ve allowed them to run amok and do what they like.

It’s time now for us to come together and to take a stand. It’s time now for us to bring them down and take control of our country as the rightful citizens of Singapore, as Singaporeans.

Please note that there are 5 pages to this article:

Pages 1234, 5

Page 1: PAP’s Big Four Profit Strategies

Page 2: PAP’s Profit Strategies Increasing Income Divide

Page 3: Lower Wages which Increases Debt and Reduces Spending

Page 4: PAP’s Faux Solutions to Fix the Economy

Page 5: The Real Solutions to Fix the Economy


Protest for the Rights of Singaporeans to Fair Wages and Rightful Employment

Are you worried about your future under the PAP? Under the PAP, our wages have and will continue to stagnate. As long as the PAP does not implement real solutions, the problems that they have created will not be resolved.

Under the PAP, the high business costs, rents and foreign worker levies have made it difficult for Singaporeans to start businesses. The unrestrained flow of cheap labour into Singapore and the foreign worker levies which imposes an additional cost on businesses prevent wages of Singaporeans from being increased.

The PAP’s lopsided plan to increase profits has caused the system in Singapore to break down and come to a stall. If this continues, Singapore will only start regressing backwards.

It is not in the interest of Singapore and Singaporeans for a PAP which over-intervenes in the economy. The PAP needs to get out of the economy and allow the economy to function by itself. The PAP needs to stop interfering with the unions and allow Singapore workers to have our rights.

This coming 3 May, we will be organising a protest to demand for the rights of Singaporeans to fair wages and rightful employment. Singaporeans are the key asset to Singapore’s growth and it is high time Singaporeans are treated with respect and equal rights in our country.

It is time to start believing in ourselves and in our abilities to change this country. It’s time to stop thinking that you are powerless to do anything. You are 3.3 million Singaporeans, a force to be reckoned with. It’s time to take up our duty and fight for our country. It’s time we fight back and save our country before it is too late.

You can join the Facebook event page here.

Protest Poster 4


  1. Marcus

    Quite true. The PAP monopolies everything. They even use “anchor operator” as an excuse to award themselves (PCF and NTUC MyFirstSkool) subsidies on the rental of HDB void decks to grab a big mouth of the childcare business pie. Then now they try to rope in their cronies so that it would be seen less “unfair” to the public.

  2. Marcus

    One just need to look at EM Services to see how far and wide their tentacles can spread. Even the appointment of SMRT CEO has to go through LHL’s wife.

      • Bobby

        Well, Firstly, economics doesn’t really always rebalanced itself. In economics, there are many school of thought but i am not which school of thought you are belong to. Secondly, for PAP Profit #1 monopoly, Could you describe what is monopoly? There are three telco in singapore, Starhub, Singtel, M1. Both three are owned by temasek holdings directly or in directly though various companies such as, Keppel as for M1 case. If there is monopolization, is there a need to have three telco, why not just allowed Singtel to be there. One of the purpose for this, is to let them be competitive. Companies such as telecom are hard entrants play due to high cost and financing involve. Let say if they want to privatize, privatize to who? Who is capable to run it? Property prices had been a hot topics in Singapore for this few years. Do you know of any reasons for property prices rise except rambling at the government? When the government influx of foreigners, you are rambling, imposing levy on business to curb the influx of foreigners, you are too rambling. So if you are the government what you will do?

      • Roy Ngerng


        (1) To answer your first question, please look up the definition of “free market”:

        (2) To answer your second question, please read this link:

        (3) HDB is a public organisation. It is not in the business of competition. The HDB sets its own price. If there is a price increase, there can only be one reason why.

        (4) On the solutions, please read page 5 of the article here:

        I would appreciate if you read carefully before rambling in your comment.

        Thank you.


    • yevets

      Bobby. Of course M1, Singtel and Starhub are monopoly because they are all subsidiaries of Temasek. If only I can have provide internet service in Singapore and I want maximum profit without being call a Monopoly, I will form 3, 4, 5, 10 companies selling internet service to Singaporean to create the illusion of competition! I will instruct them to create the illusion of competition among themselve but at all time keep the price higher than if there is free competition. This the same for our transport industries. Do you believe there is guinuine competition between SMRT and TIB ?

  3. Bobby

    Do you believe in free market? By being a public organization doesn’t means that it would need to set a price that can be beneficial to anyone just like in the world of economics. I believe from what you mentioned, they are deliberately setting prices that high to profits themselves. Let me tell you, this a not the reasons. Since 2008 sub prime market crisis, the world is recovering due to the so called recored low interest rates and cheap or Quantitative Easing (One day, they will suffer). Cheap money and low interest would fuel up property prices especially singapore since we are small. Take a look at the other parts of the world, China, Hong Kong just to name a few, They are having these problems. You might want to take a look at the SIBOR. The good thing about it is those people who had properties are getting richer due to the property prices. I don’t see people getting rich through property are complaining. Those people are complaining about property are those who wanted to buy properties not seller. Just like the economics, you can’t satisfy both. You think HDB can manipulate the pricing? If they can manipulate the pricing in accordingly, Free market wouldn’t be exist. We can go back to Economics 101 Chapter 1, supply and demand. If you will to remove the foreign worker levies, this will cause the the supply and demand curve of labor force to shift. By removing foreign workers levies, Supply pool of labor cause will be more and this will in turn depress wages other than that tax revenues would decrease. What make you think that those foreign levies can be channeled to the workers? Businesses wouldn’t book that as their profits? Increasing health care, who is going the pay for it? Take a look at the US or the western world, these country had a huge health care expenditure to GDP but what happen to their budget? All in debt and deficit and their government are living their fiscal year in borrowing of money nevertheless, i do not see their health expectancy increase much. Indeed, there are some of the things that i am also unhappy as a Singaporean but if they are not in charge, who do you think that they are suitable for this job, Opposition party? I don’t think so though there are one or two capable, Anyway is nice reading your articles on various issues on singapore.

    • Lee

      thank you bobby… i read part of roy’s dissertation and couldn’t continue… there isn’t anywhere i could even start correcting because its full of assumptions, fallacies and textbook definitions. roy needs to take out your economics textbook and burn it because that’s full of precedences (the past is irrelevant at this juncture). thank you for being a voice of reason bobby!

      • Natasha

        There is no such thing as free market. Even US impose sanctions on import of cheap solar panels from China. Why? To protect their own people. Singaporeans, living in a developed nation with high cost of living can never compete on equal ground with cheap labour from the third world. A government’s first priority is to look after its own people. Even the US and Europe have anti-dumping laws and tight control of migrant workers. The PAP government does not care about us. It just want us to compete with these cheap workers so that our pay will be low and that their businesses can reap more profit. Enough is being said. Only the blind cannot see something that is so obvious.

  4. TheCow

    Hence competition is immoral. It’s like putting the wolves and the sheep on an open field to fight for their survival . No prizes for guessing who will be having buffet for lunch, dinner and supper and who will be getting crumbs and doing dead end jobs(no rest).

  5. Bobby

    Roy. You do not really need to care what established economist said. Generally speaking, academicians such as economist can be really right in their form of theory or whatsoever but in practical they are not that capable as it seems if they are that capable why there is such a thing called financial crisis or efficient market hypothesis. All this are just hypothesis. For the foreign worker levies, it is just as simple as supply and demand which all the economist would agree no matters what school of thought they are from.

    • Roy Ngerng


      You’ve been very interesting.

      First, you claim to speak about the different schools of thought in economics, but gave a baffling explanation of economic theory.

      Then, you countered yourself by saying it is not necessary to “care (about) what established economist(s)” say.

      Clearly, you are not interested in logic or discussions on the fundamentals of economic principles.

      It is evident that your claim of economic thinking would be as much as what would convenient to your own way of belief or current monetary practices.

      As such, I can only conclude that your resistance towards a government that would care for Singaporeans is due to self-interest. But that would square with the PAP’s motivations, which might explain your defence.

      I think readers here can see the truth for themselves. Your opinion was appreciated.
      Thank you.


      • Bobby

        Hey Roy, I do not think that you understand the fundamental of economics. Look, how many economist are right in the sense by looking back historically. I do not give any baffling explanation, it is just supply and demand even some kids would understand.

      • david

        Hey Bobby, nice try. I do not think you understand the purpose of having a government. Your rambling baffles me.

  6. Elijah


    You are not entirely wrong. You can’t buy(demand) and sell(supply) without kowtowing.

    Revelation 13:17 >>
    And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

    So how should the game be played?

    • yevets

      No religion please. Nobody can argue with a person who has direct communiction with god and quote god’s word.

      • 7seals

        It is religion if you don’t understand. The good news is purely secular and hence, accessible and relevant.

  7. johhson

    Ha..ha…Mr Bobby must be dreaming. Speaking about demand & supply, u have to ask who is the main supplier/controller of housing in Singapore. It’s the government that supply 80% of the housing to Singaporeans. When there was demand in housing, how come the government didn’t supply enough housing for the citizens, resulting in huge price escalation. Prices rise in 100 to 200% in last decade is phenomenal! Where is the free market when government is the only one who owns the land & supply our public housing?

    • Bobby

      If government wouldn’t be the one to own land and supply our housing, who going to supply? You? Private Sector? If so, prices would be even worst. What causes the demand of housing? Like i said cheap money, low interest rates was one of the main cause to the shift of demand curve.

      • Saviour

        My grandpa used to own large tracts of land but forced to sell to government at the cheap so that the government can build HDB flats and roads for the benefit of all Singaporeans. When Lim Kim San was the minister, he did precisely that. After Mah Bow Tan took over, everything becomes like private sector business. My father and many of the pioneers were able to single-handedly pay off their HDB mortgage and feed a family of six due to the good policies of yesteryears. Now, instead of helping, the younger generation is burdened with a lifetime of debt to buy these 99 year leasehold flats. If you don’t know what is the duty of the government, you better keep your mouth shut.

  8. Gaba

    Nice article. Fully agree. All the PAP cares about is the upper class and rich foreigners. Once upon a time, being middle class in Singapore meant owning a car. Now, cars are priced out of Singaporean’s hands, reserved for the rich. They’re just grabbing and grabbing, while claiming that the rich help job growth. Yah right… look at poor Singaporeans who barely earn $800 a month, such as the baggage handlers at Changi Airport. The government really tries to take every penny that it can from Singaporeans. Shameful greedy buggers.

  9. Layman

    @Bobby,as a layman like me can see what the pap are doing !!! Though you are educated but can’t tell right from wrong…..sigh….!!!

  10. Bobby Pom Pee Pee

    Bobby is confirm a ball carrier. One track mind can only see one tree and miss the entire forest.

  11. sanjay perera

    Hi Roy

    Many interesting things and good graphics. Many issues need to be highlighted
    but wanted to give a focus on what is at stake. You ask good questions then have a
    fundamental problem in what your entire article hinges upon, which is something many
    academic economists subscribe to:

    a. that there is something called an equilibrium that is optimal for an economy
    b. governments tend to interfere with the ‘free market’ which it shouldn’t do
    c. things left as they are will balance out well, no need to interfere in anything

    But your correctly point out that at the heart of the matter is power.

    Reorient yourself to another way of looking at this: money/capital is power.
    How it is utilised is an expression of power. Think about this carefully not just about
    governments, but the ultra-rich, megabanks, megacorporations and big financial players.
    Big wielders of Capital are the players who shape political/economic forces the world over.

    In other words, let go of the neoclassical economic narrative you are clinging onto that
    there are ‘free markets’ and that private banks and companies left alone will work for the
    benefit of mankind, people in a specific state and workers of the world — do you really believe this?

    Take some time to go through this essay and mull over the concept of Capital as power:

    Even the PAP cannot hijack the world economy and cause economic and socio-political
    havoc worldwide. Am not asking you to reduce your criticism of them, please carry on: am
    suggesting that you have to start understanding that there are greater forces at work.

    The truth about what is happening over Crimea and the Ukraine will come out one day — be
    assured all is not as it seems as portrayed by talking heads in the media.

    All the best and take it easy 🙂

  12. Bumbler

    Temasek’s takeover of Olam is a perfect example of this. According to Muddy Waters Olam is a failing company but Temasek bought it anyway at 1.5 times earnings. way above the industry average valuation of about 1.1. It looks like a bad deal for Singaporeans. To make matters worse, Olam’s share price rocketed 50% in the week before the takeover, which is extremely suspicious, and in any other country would almost certainly attract an insider trading investigation.

    • Kok

      The takeover make sense. Olam is not a bad company, just bad management and some bad investment The price Temasek paid for however is totally illogical . The share is at $1.4~$1.6 before Temasek pay $2.2 for it . (50% more)
      Of course , when Temasek said they are going to pay $2.2 for it, it logical that the share price will rocket to that price.

  13. sanjay perera

    hello again

    something your readers may find interesting as a follow-up to comments on
    Capital as power and the Ukraine situation: “Behind the U.S.-backed coup that
    ousted the democratically elected president of Ukraine are the economic interests
    of giant corporations – from Cargill to Chevron – which see the country as a potential
    “gold mine” of profits from agricultural and energy exploitation.”

    please do read:

    Have a good weekend.

  14. Samuel Adams

    Hi Roy
    I just stumbled onto your website for the first time. I like the way you put together your thoughts & facts to support your thesis.

    I believe in free speech and real “meritocracy”.
    If what you say is rubbish, why should a government that is genuinely working hard to improve our lives be afraid?
    Are they so weak and fragile?

    Free speech on the internet is the ultimate in genuine meritocracy.
    Talk rubbish and eventually you will be ignored.

    As a Singaporean citizen, I can be arrested if I were to stand in front of the Istana to protest against the PAP government policies.
    But America will allow a Singaporean citizen to stand in front of the White House to protest against American government policies.

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  16. Cognose Solvere

    I attended classes by Samuelson and the like. They look at economy as a close loop among monetary fiscal policies supply and demand. They do not consider wealth creation, especially disciplined educated work force like us. So Joseph Stiglize said it is not Politicians nor Economist who created growth..

  17. Cognose Solvere

    The key is we have retarded to rely on oldest trade Gambling and Massage Parlour in heart land during 3PM hours of watch. We have not invited EDB to expand our capabilities. When did u last heard of EDB? When did u hear of mass AFFORDABLE housing n factories. 3PM basically go against all our founding principles. It demolished our critical success factors. It is not only commoners, the founders of Singapore are the most offended by such foolish disregards, disrespect.

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  20. lim

    Truth may not be simply what you can see what you cannot see. Importantly is to be responsible for Singaporean’s future in whatever you write. If economy is as simple as what you have illustrated, a nation would be easy to manage. Singapore is not a self-sustaining economy unlike most other nation where they have natural resources and plenty of land to grow their own food. Singapore has to trade in order to get our daily necessaries. In Singapore, we are talking about global economy. We are competing for rice bowl with big powerful nation like China and India.
    Once you start to hold yourself responsible for the people around you, you will start to realised what you should so to bring food for your people. Theory is useless if it is only in words and on paper. Do it, proof it.

    • Roy Ngerng

      Once you start holding yourself responsible, you would not pay yourself extravagant salaries while your own people are left to languish on low wages – the lowest wages among the high-income countries.

      Once you start holding yourself responsible, you will want to help your people grow, and grow with them – not grow yourself first while letting them languish.

      • mariasharapova

        Let’s be very clear – if the current crop of PAP politicians had failed to plan for Singapore properly, then they jolly well apologies, go back to the drawing board and rethink how to develop Singapore. It’s irresponsible and lazy to simply decide that Singaporeans are the problem when Singaporeans had no choice but to go along with a system that is dictated to us.

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  22. Hardeep Saini

    Dear Bobby.
    I left Singapore in ’89 and has been residing happily in Australia ever since.
    I thank Roy for his untiring research (without costs to any of us) in educating not in Singaporeans but people around the world.
    Thanks to his selfless efforts, we are all better informed.
    Bobby, you are a bloody idiot and no doubt a P.A.P. stooge.
    Keep posting your ideas on this website and keep proving to us all what an ignoramus you are.

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