tag:blogger.com,1999:blog-17473688.post7167305161207929131..comments2024-03-29T12:16:37.296+08:00Comments on My Singapore News: Growth for what and for who?Chua Chin Leng aka redbeanhttp://www.blogger.com/profile/11743716923635835397noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-17473688.post-90914127158005112032009-03-12T14:10:00.000+08:002009-03-12T14:10:00.000+08:00of course growth doesn't necessary lead to high co...of course growth doesn't necessary lead to high cost of living. and neither growth leads to higher standard of living but selective sector or people will benefit. now what so smart about telling such truism?<BR/><BR/>ok, ok, what we are having is self created inflation by deliberately pushing up cost and market pricing. pricing to how much people have in their cpf is a deadly policy. it empties Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-60923117707103438862009-03-12T13:33:00.000+08:002009-03-12T13:33:00.000+08:00anon 357 > Economic growth brings about higher ...anon 357<BR/><BR/><I> > Economic growth brings about higher standards of living < </I><BR/><BR/>No, you have the reasoning backwards.<BR/><BR/>The rising standard of living is a <B>direct result</B> of production, and productivity. Economic growth is a <B>consequence</B>, NOT THE CAUSE.<BR/><BR/>redbean:<BR/><BR/><I> > but when growth leads to exceptional higher cost of living < </I><Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-48127362512487306392009-03-12T12:48:00.000+08:002009-03-12T12:48:00.000+08:00Tigers,as far as I know,all tigers prosper due to ...Tigers,as far as I know,all tigers prosper due to greedy Uncle Sam's over consumption.<BR/><BR/>Of course the tigers whick made it have been polite and do not complain about Uncle Sam lack of discipline.<BR/><BR/>The great up and coming tiger,Communist China is the one heard complaining loudly that Uncle Sam has no financial discipline,but at the same time,their fat government finance people Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-60004404016006633382009-03-11T17:39:00.000+08:002009-03-11T17:39:00.000+08:00economic growth per se is a positive thing. but wh...economic growth per se is a positive thing. but when growth leads to exceptional higher cost of living then we need to know if the people are really better off. <BR/><BR/>eg, a grad earning $3k in the early 70s was very comfortable, can afford car and house, not flats. today, a grad earning $5k will be struggling to own a car and a hdb flat.<BR/><BR/>and you need two income today versus one Chua Chin Leng aka redbeanhttps://www.blogger.com/profile/11743716923635835397noreply@blogger.comtag:blogger.com,1999:blog-17473688.post-75796253826907853312009-03-11T15:57:00.000+08:002009-03-11T15:57:00.000+08:00"Being fixated on 'economic growth' is a nonsense...."Being fixated on 'economic growth' is a nonsense."<BR/><BR/>How so? Economic growth brings about higher standards of living... unless you're referring to the macro-statistics to measure economic growth e.g. GDP - which are useful in some ways, but by and large deceiving.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-75637756724756505172009-03-11T15:53:00.000+08:002009-03-11T15:53:00.000+08:00Many Government's Department had been privatised a...Many Government's Department had been privatised and sold in the name of efficiency over the past decade. As these was important organs of a country, the lack of them are definetly detrimental to the function of our state. In it place, many companies and agencies were borned for these function. In order to get multiple imcomes for the executives, many more phantom companies are created. These Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-17473688.post-58908318355668210212009-03-11T11:36:00.000+08:002009-03-11T11:36:00.000+08:00I agree. Being fixated on 'economic growth' is a n...I agree. Being fixated on 'economic growth' is a nonsense — an over hang from the Keynesian school, and later the Chicago school of economic ideas.<BR/><BR/>Also, a lot of the "Asian tiger-economy-miracle" was done the old Keysesian style of using money supply increase and bank credit — the very things which causes booms and crashes.<BR/><BR/>On the MAS website they claim to have policies to Ⓜatilah $ingapura⚠️https://www.blogger.com/profile/02652498247201967379noreply@blogger.com