9/07/2015

Is Singapore a failed state?


Najib has confidently said that Malaysia is not a failed state. And he quoted several international rankings to prove that Malaysia is up there among the better states that are being recognized. Using this same formula Singapore must be a super state with such a long list of firsts or top 3 rankings by international organizations.

Between Malaysia and Singapore, which is the state that is likely to fall and fold up in a crisis? The economy of Malaysia has a wide base, with abundant natural resources, oil, manufacturing, finance and banking , properties and everything that Singapore has. And the cost of living is so much lower that many would be able to get by in a financial crisis. 

The only thing that Malaysia did not have is a huge foreign population of workers. Oh, and Malaysians did not have a big stone mill hanging over their necks in the form of mortgages that would snap their necks if they lose their jobs.

When there is a major crisis, when the foreigners could not be employed and departed, what kind of vacuum would be left behind in Singapore? Would it be a complete hollowing out of the economy? Would Singapore become a failed state if there is a big outflow of foreigners? The property sectors would likely collapse and all the shopping malls and food courts, restaurants and service industries providing services to feed people, clothe people and house people would not have enough people and business to keep them going.

Singapore is country that is now so dependent on the presence of a big foreign population that getting rid of them, cutting down, is a no no option. It will become a failed state without the drug called homo sapiens.

Has Singapore structured itself to fail by being over dependent on a single factor, its population, citizens and more importantly foreigners?

12 comments:

Anonymous said...

Has Singapore structured itself to fail by being over dependent on a single factor, its population, citizens and more importantly foreigners?
RB

Not necessary Singapore structured itself to fail. Because there is also a good chance that Singapore will also succeed despite depending on foreigner population.

Or else not to do so will be even worse because it will not only sure fail but Singaporeans will also become extinct in the long term.

So basically PAP is choosing the lesser of 2 evils, just like majority Singaporeans will also be choosing the lesser of 2 evils, or the least of 3 evils, come 11 Sep.



Anonymous said...

Is Singapore a business subsidiary of Temasek?
Is Singapore an industrial park just like Suzhou?

Is Singapore a laboratory?
A profitability guaranteed environment to subsidize all the Temasek-linked companies so that they can venture overseas and make more money for Temasek?

Are Singaporeans the citizens of Singapore or employees of Temasek?
If we are employees, why are we subsidizing Temasek with our CPF money and our National Service?

Anonymous said...

Has PAP made itself indispensable by structuring Singapore to fail without the PAP?

Anonymous said...

The second factor that will contribute to failure is the over dependent on dishing out subsidies, relentlessl,y to win votes that cannot be sustained in the long term without substantial increases in taxes. And Singaporeans are turning out to be Intoxicated with the popular crutch mentality.

And that can only mean higher GST to fund these subsidies which, in essence, will boil down to the left hand taking back what the right hand gives out.

The HDB grants trotted out for all kinds of HDB applicants is a case in point. What they are increasing in grants for HDB applicants is just a token gesture, nothing compared to the annual increase in prices of these HDB flats.

My two kids bought their flats, the elder one four or five years earlier than the younger one, and the price difference? A cool $100K. I would rather they not give those grants by keeping the flats really affordable. Now, they keep on harping on
the increase CPF conributions as the yardstick for affordability.

Anonymous said...

There are many ways to tell a lie and pass it off as honesty.

Anonymous said...


"Is Singapore a failed state?"

No! No! No!

新加坡是天堂! 新加坡是天堂!

To the rich......新加坡是天堂!

To the FTs.......新加坡是天堂!

如果新加坡不是天堂 哪里是天堂?

是不是? 是不是?

Cheers.

Anonymous said...

Has PAP failed as a political party, but succeeded as a business enterprise?

ℳatilah_$ingapura said...

@ RB:

>> Is Singapore a failed state?

Not yet. Unfortunately ;-)

>> The property sectors would likely collapse and all the shopping malls and food courts, restaurants and service industries providing services to feed people, clothe people and house people would not have enough people and business to keep them going. <<

What's so "bad" about that? Assets and property simply get "re-priced" in the market, so that bottom-feeding greedy profiteering opportunists can come in and "bail out" the strugglers at pennies on the dollar. Imagine, COE being given away FREE!

ℳatilah_$ingapura said...

BTW, did you hear one of the many rumours about Najib planning to enforce emergency powers (which means he gets to rule for 2 years---democratic or parliamentary approval not required) by playing the "anti-Chinese" card and creating possibly a race riot or two.

Apparently Sept 16th is the day. I've heard the term "bloodbath" used.

Could be fun ;-)

Virgo 49 said...

Aiyo Sept 16 my birthday and LKY's birthday, oops no more bird day. Also Malaysia Day.

Already booked birthday's bash free accommodation from genting No wonder no cross out for these two days.

Wah piang nasib give chance ok??

Postphoned.

ℳatilah_$ingapura said...

Aiyah uncle, let Najib have his way lah. Good for foreigners!

Can you imagine the ringgit's arse falling down big black hole until RM5 = SGD1, or better? (worse for Malaysia)

I can imagine all the Viagra Uncles with their massive cum-filled balls making their way across the causeway(s) to unload all that baby-batter into the willing lips of hot Malaysian gals....RM5 = SGD1, wow, can last long time!

Enjoy lah!

b said...

why muslims are so poor in managing their countries?