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:
- 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.
- The PAP introduced several profit-making initiatives which allowed them to earn more money off the people, via high rents and foreign worker levies.
- 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:
- Remove foreign worker levies
- Reduce rents
- Reduce its control and manipulation of the prices
- 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
- 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?
- 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.
- 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.
- If a minimum wage is implemented, again this would directly benefit Singaporeans and workers. Yet again, PAP won’t benefit from this.
- 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.
- 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?
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:
Page 1: PAP’s Big Four Profit Strategies
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.