Growth for what and for who?
Eminnent professor of strategy at the Stephen M Ross School of Business at the University of Michigan in the USA is questioning the growth fetishism in Singapore. She is calling for a reexamination of what all the fuzz is about. And it takes someone from the distance, not our world class academia, to discuss such an important matter. Perhaps our brilliant people are all busy making money the best they could for themselves. Dr Linda Lim is a Singaporean based in Ann Arbor. She could see from the distance of things that we cannot see from inside the fish tank. The wide income gap and the high cost of living, and the way we bet big with our national savings are all things that demands a serious relook before they get bad. Where is the debate or concern in this little paradise of super talents, demigods and immortals? Maybe they have more important preoccupations like licensing bicycles or chasing pieces of gold medals in sports, or chasing foreign talents. Should we be pondering over the distribution of wealth and how to spread it around more instead of asking the hardlanders to ever keep on tightening their belts, or to make them pay more as every increase is carefully calculated to be affordable but leaving them with nothing for tomorrow? The ST devoted one page of its paper to Dr Linda Lim Today with 3 separate articles on her and what she had said about our economic growth and strategy.