This means focusing on skills upgrading, as well as giving productivity and training a bigger push.’ CNA
There is now an obsession about looking long term, look far ahead, the further the better, like looking forward towards SG100. This is the most comforting position for anyone in charge, in govt or in business, getting paid today and saying the results will be good in the long term. The pay is real, collected every month, the result is like fairy tales, long long time ago. Who knows what is in the long term, the person in charge would not even be around to see the result or the big flop.
Big corporations hired CEOs and paid them handsomely, in many millions to see results, immediate or in the short term, a couple of years. That is the duration in which a CEO is hired, to perform, to deliver the results. How nice if the CEO can collect his millions and tell the shareholders, look, I am planning for the long term, in 20 or 30 years to bear fruits. I am planting a durian tree. You will see the fruits in 15 years time. The fruits will be good. Trust me. Is there any guarantee that the fruits will be good?
This is the concept of instant gratification and delayed performance. In fact the CEO need not bother about the results in the long run. He would not be there but happily collecting his fortune in the present. There is a mismatch. A CEO is expected to perform immediately. He is hired to deliver now or be fired.
Our democratic system of govt is renewable every 5 years. An elected govt is elected for a 5 year mandate. They need to deliver in the 5 years in office. The system expects a govt to perform in the short term, 5 years. There is no grace or privilege to wait for the long term. This is one of the major flaws of a democratically elected govt. They can be changed after every election. So, how does it appeal to the people that the govt is working only for the long term and not so much as for the present?
It is like the money in the CPF. It is for the long term, not sure how long that is, perhaps up to 100 years. In the mean time, no money to pay for food and medical and can die tomorrow is not a concern. In the long term it is good. Now you die your business.
How to reconcile this long term and short term mismatch? Do the people elect a govt for a 5 year term to work for the long term good? Who is to know the consequences in the long term of a bloated population in a small piece of rock? Who is to know the adverse impact of so many foreigners who are given citizenship now? Who would know the impact of our education system in the long term with all the policy changes today? Who would know if
still an independent country like it is today or be taken over by foreigners in
the long term? Who would know if the new citizens today would drive out the
pioneering Singaporeans one day? Singapore
Long term got guarantee or not?