Unfortunately, for all the so called smarts they supposedly possess, for quite a number of years they used to benchmark us against HK and seemed to think that we could go down the same path as HK. At that time it wasn’t anywhere near mainstream belief to question the HK model. But I did wonder for a long time how long that ridiculous HK model of ever rising real estate costs, the ever wonderful shrinking real estate unit sizes, stagnant salaries, etc could go on without reaching a breaking point. But somehow, those politicians and GLC top management kept singing those ridiculous tunes which suggested it was a proven path we could also take.
This is a classic case of auto pilot, and monkey see and monkey do on the part of the Govt. And it shows you how independent their thoughts and actions are. And I leave you to conclude whether they are anywhere near as clever and talented as they often claim to be.
The above comments were posted in TRE. The first sentence already showed the foolishness of the so called thinkers or planners, a lack of depth in their thinking, same as Seriously said, monkey sees, monkey do, with no value add or critical thinking. A very good and sad example is the copying of the New York stock market business model, lock, stock and barrel and leading to the demise of the stock market industry. They could not see the difference between an elephant and the smallness of a pea and thought that what were good and applicable to an elephant would also be good for a pea. And now the industry is about to turn belly up.
What about Hong Kong? Is this a good role model for Singapore? Again, from their comments and the things they used to compare Hong Kong with Singapore, what were good for Hong Kong must be good for Singapore, we are going to be in deep shit.
Blindly using Hong Kong as a reference to what we should be, what we could be would be a disaster to Singaporeans. I am not talking about the mass demonstration and rioting in the streets of Hong Kong. Hong Kong has a godfather in China that we don't have. The most ludicrous thing is to think we should have the same kind of population and population density as Hong Kong, our housing prices can go higher because Hong Kong's prices are so high, we have room to grow, our housing are cheap, very cheap compares to Hong Kong and things like that. It would only lead to smaller and more expensive HDB flats.
Using Hong Kong as a model is for the unthinking. But if so called elite, supposing to be very clever people, blindly used Hong Kong as a model, intentionally or stupidly or for whatever selfish reasons, it is unforgiveable. We will all end up having sex in small places and pretend this is a good thing while the rich and elite live in their expansive landed properties that they need to use GPS to move about in their homes.
Hong Kong is successful because China allows it to be. Without China's blessing, Hong Kong will be history. In today's news, a few traitors have gone to Washington to appeal for American intervention in Hong Kong and claiming that Hong Kong's success was due to the special trade status given by the Americans. They stupidly believe the success of Hong Kong is due to their cleverness and this special status. These kids are beyond salvation. They are suffering from the Singaporean Stupidity has no cure disease.
The stupidity has no cure mindset is to compare how expensive housing or transport/taxi fare are in some countries and how to raise our property prices and transportation fare to be as high as these selected cases. They would not want to compare and bring down property prices and transport fares by comparing to those that are cheaper. They would not compare the pay of political leaders and to lower the pay of our political leaders to those that are being paid lesser. Don't ask me why.