4/12/2010

Would the next GE be different?

Last week we have heard some of the familiar responses to the opposition walkabouts. We are ready, we will keep in the touch with the people, we will not be complacent. Last Sunday Eng Heng spoke and welcomed the effort put in by the opposition to engage the voters early. Is there any difference in his comments? My first impression is that he appeared to be earnest in what he said about the opposition. No signs of wanting to fix them up. And no one upmanship comments. Is this the first indication of change, that our political culture is maturing and the abrasive style of the third worl is passe? I hope so, but would need to see what the other ministers and MPs have to say as we close in on the GE. Then of course we still need to see the real stuff during the campaigning and election proper. It would be nice to see the two camps engage in a contest of ideas to win over the people, and less of those nonsensical vitriol of the past. The people deserve a higher level of democracy, a political culture that they can be proud of. If after all these years we are still sticking to the styles of the past, then we are not progressing. The electorate has matured and will not tolerate monkeys and gangsters any more. Respect the electorate by showing them your best and not by knocking down the opponents by unfair and unethical means. The politicians owe it to the people to raise the level of political contest and to make themselves respectable and highly regarded by the people.

4/11/2010

Myth 219, The myth of free market forces

Shall I call it the legend of free market forces now that myth has been elevated to the status of honouring our heroes? Our national heroes and their myths! I think I shall still stay with myth as what most people understand. Is our environment and life govern by the so called free market forces? I think 'astroturfing' has been working overtime all these years to get the people to believe that what happens to our lives is all governed by market forces and we can do nothing about it. From the number of babies born, school fees, housing, cars, population growth, medical fees, ministerial salaries, and yes, even our economy, boom or bust, are dictated by market forces or external forces. Lao Tzu must be smiling in his heavenly abode. I told you so 2,500 years ago. No need to do sweat, everything will just go on by itself. History has actually manifested itself in these ways, it is always boom and bust, according to the mandate of heaven. No amount of super talents will change the course of destiny. In a way, Hongkong is more subject to free market forces than us. In Hongkong, everything goes, with little govt intervention. The Hongkong govt knows that it is not that brilliant to be able to decide the fate of its people from cradle to grave. And they leave it as such. To each his own, the govt just provide the infrastructure and the system, and the people make the best of it. So we have the multimillion dollar villas in the mountains and the 300 sq ft dog kennels for the losers. And the best part is no one is complaining. Those living in the 300 sq ft homes accepted that. And the developers gave it to them, knowing that that is all these people can afford and are fit to live. No moral persuasion, no arguments of good or bad. No one claiming to be on moral high grounds. No rebellion or revolution as it is the order of things in a free wheeling enterprise. Do we have that kind of free market forces to determine our lives? No. If there is, our people will be living in 300 sq ft kennels as well. We plan carefully, every step and every inch. Our free market forces at work is as good as a myth to be served on the platter when needed. But in many ways we are better than Hongkong. Our people still got something like 600 sq ft to 900 sq ft of space to live in and at very affordable price. But there is danger that this may not be if we allowed astroturfing to get a free hand. If we keep talking about the 300 sq ft homes in Hongkong as an acceptable way of life, soon this will quietly sink into some silly heads. Then statisticians and smart people will use this as a justification and say it is ok. And when that song is played, we gonna get it. As things are fairly acceptable, let the myth of free market forces remain as a myth. Let not it becomes a legend.

4/10/2010

How objective are the media

Astroturfing has been pointed out for booting recently as a deviant way of promoting a position through false or manipulated inputs through the internet. This in turn gives a skewed impression of the real issue at stake, the supports behind it and even the truth. Astroturfing has been singled out as a methodology used to influence and pressure the govt to act in a certain way. In other words, astroturfing is simply a manipulative way of conveying a message by a group of people for their own interests. Is this something new? All media, new media or old media, are they so innocent, so objective, so truthful, that they never intentionally push a position by bending backwards, with twisted logic, selective logic and even manipulating statistics to support a position? I am saying this in general, not directing at anyone. How many old and new media are guilty of the things astroturfing are now infamous for? None? Did I hear none? I think everyone knows the truth and how media, old and new, manipulate views, opinions and try to influence the way people see or look at an issue. The old and new media are just as good as astroturfing. Nothing more nothing less. Then there are worst forms of influencing the minds of people by state media and propaganda. Much more deadly and effective than what astroturfing is deemed to have done. The people of America, the free world, and the people of dictatorship and the authoritarian states, are all victims and targets of official media to think in the way the state wants them to think. So, what is new?

4/09/2010

What comes after COE hike?

The surge in COE prices must have brought smiles to many people and to the state's coffer. Maybe some will filter down to help the needies. But what else will be affected by this COE good news? The car owners will be affected immediately and positively with the resale values going up. On the negative side, taxis and buses, I think they need COEs too. So be prepared for higher taxi fares and maybe bus fares. Hopefully the MRT is not affected by COE hikes and would not raise MRT fares. But their staff travel by cars and vans. So the hike still affects their cost. All transport agencies or businesses will be affected if the cost of vehicles goes up. And this will just trickle down the line for sure. This is one thing that must be passed down to the consumers. School buses? The cost of living will move up nicely.

270% interest rate per annum

A blogger asked me for my view on the 270% interest rate that was raised by a forumer in the ST forum. The writer said that this is a possibility provided by the Money Lenders Act. I did not pay too much attention to such numbers as I have been desensitised by the greed in the financial system, where exploitation for quick profit is now seen as a merit and deserving great rewards. But since I was asked, I took the question to the cesspit for a little discussion. The PhD holders in the cesspit thinktank, all bought of course, were very adept in this kind of issue. They have all made their millions doing the same thing, and their only conscience is their own pockets. So what would they say? No issue at all, all corners are covered. In the first place it is legal. Period. Anything that is legal is legal, faultless and blameless. Only those who do not know how to exploit the legal road would kpkb about such things. The beneficiary will just laugh their way to the banks. The next point is that it is completely transparent. The fine prints are made known to the borrower, and the seller representatives were well trained to tell the borrower all the risk involved. No cheating, no undisclosed information, no misrepresentation. This leads to the third point. Willing buyer and willing seller. No one is being forced to take the loan. And yes, this is covered under caveat emptor. And this is a legit business. Business means making profit. The higher the profit the better the business. And this is good for the economy as well. How else could people make so much money to buy so many million dollar properties? The whole thing generates wealth and a vibrant economy. These are what the cesspit thinkers came out with and all very reasonable, logical, legitimate. I am quite surprise that they could think so clearly. So where is the problem? No problem at all. In all business transactions, there must be the suckers and the big winners. Somehow I feel so nice reporting their findings. I think I have been infected by the E1U1 flu bug. Maybe a few more practices I can start to apply to join the Elite and Uncaring class.