Singapore's failed systems

Top of the list is the broken CPF system where the people saved as much as 37% of their monthly income, at one time 50%, but cannot afford to retire. And everyone pretending not to see the cause of the disappearing money from the savers and the system is now tweaked for the people to save into their retirement fund for as long as they live even if they are 100 years old. And the perception is that it is easy to put in but very difficult to take out because they alleged that all Singaporeans, Ah Kongs and Ah Mahs would want to splurge their money in Batam and Bintang for sex tours. As they said, a white lie, told long enough, some people would believe in it. In this island of daft, all would believe in it to the extent that many daft resigned to the fate that their CPF savings are no longer their money.

The Home Ownership system where the people were told that they were owners of 99 year lease public housing and that the value of their flats would only go up, an asset for retirement. Now every one of the believers is in shock that it was a big lie. They are not owners but tenants on 99 year lease and the value of the flats would become zero at the end of the lease. There go their assets in smokes.

This is not all. They used to build enough flats that the waiting time was only a few months until some ass, probably wanted to create the impression of very high demand to drive up prices with less supply turned getting a flat a nightmare, having to wait for years. And they still think this is the right thing to do when housing is a basic need and public housing is to serve this purpose.

The Education system is also a failure as the country could not produce talent and needs to replace the locals with third world talents from cheap village universities and graduates from degree mills or with fake degrees. The situation is so bad that ministers even tell the people not to waste time with university education in one of the most expensive education system that ended up with degrees that cannot be eaten or to find decent jobs.

The public transport system, the MRT, once the pride of the nation, now struggling to pass a day without breakdowns. And yes, it got so bad that they have to look for foreigners working in poor and badly run train systems to work here and to help to maintain the broken down system.

The snail pace of the SMRT can only be matched by the really snail pace of the postal service when mails used to arrive in a day or two now could take weeks, months or not arriving at all.My credit card was sent on 2 Feb and still has yet to arrive, probably lost or in the rubbish bin.

The shipping system, once the life line of the country, now sold to foreign owners. Singapore, one of the largest port in the world, now does not own a shipping line and at the mercy of ship operators that can divert their ships away from Singapore port.

The stock market that once was a thriving market providing employment for tens of thousands of people is now dying and waiting to meet its makers.

And there is the very wasteful car population scheme that killed cars that are 10 years old and still in good running condition.

Dunno what to say about the Ministry of Health. People say can die but cannot fall sick as they will die of shock after seeing the medical bills. And the frequent breaches of health security including protection of health records and personal data.

Sovereign funds that brag about making millions and millions but not showing its accounts and leaving the people in doubt as to its real performance, only told to believe in the profit numbers they claimed to have achieved. Are they broken and also failed systems? Cannot tell, no need to tell, trust them.

Compulsory health insurance schemes that collected millions and billions but paying peanuts when needed.

Finally, not the least, a bankrupt political system that pays millions to politicians but getting only mediocre quality candidates and mediocre performance. The only thing good about the political system is that it makes every politician rich and millionaires.