The Singapore Story Continues..........

[earthfriendly]

Singapore, the city state, reminds me a little of the story "The Little Engine That Could".

http://www.economist.com/news/special-r ... city-state

[Strong Eagle]

Unfortunately, I haven't read anything in the Economist and I have still "reached my article limit".

[JR8]

I got deja vu on the article, as I've heard it all before.
Comfortably zzzzz?

[earthfriendly]

For those who have reached their limits, here’s the summary of the Article “The Singapore Exception”.

It starts off “AT 50, ACCORDING to George Orwell, everyone has the face he deserves. Singapore, which on August 9th marks its 50th anniversary as an independent country, can be proud of its youthful vigour. The view from the infinity pool on the roof of Marina Bay Sands, a three-towered hotel, casino and convention centre, is futuristic.”

On LKY’s death “The turnout hinted at another miracle: that Singapore, a country that was never meant to be, made up of racially diverse immigrants—a Chinese majority (about 74%) with substantial minorities of Malays (13%) and Indians (9%)—had acquired a national identity. The crowds were not just mourning Mr Lee; they were celebrating an improbable patriotism.”

And in that 50 yrs what has it achieved? “It ranks towards the top on most “human-development” indicators such as life expectancy, infant mortality and income per person. Its leaders hold themselves to high standards. But it is debatable whether the system Mr Lee built can survive in its present form.”

And going forward, it faces two challenges.

1. Can the country count on the governance of benevolent dictatorship to continue perpetually? The lack of checks and balances due to absence of strong political opposition parties. The lower tolerance of the younger generation for the mother-knows-best approach and censorship.

2. “The PAP’s second success that has turned against it is a big rise in life expectancy, now among the world’s longest. This has swelled the numbers of the elderly, some of whom now feel that the PAP has broken a central promise it had made to them: that in return for being obliged to save a large part of their earnings, they would enjoy a carefree retirement. And it is not just old people who have begun to question PAP policies. Many Singaporeans are uncomfortable with a rapid influx of immigrants. These worries point to Singapore’s two biggest, and linked, problems: a shortage of space and a rapidly ageing population”

I apologise for the excessive quotations , I like how the author expresses his ideas and I don’t see myself doing a better job than him.

[wenber]

General elections coming soon
More wayang people coming to show faces

[JR8]

Another, more recent (more reputable?) measure of 'quality of life':-
https://en.wikipedia.org/wiki/OECD_Better_Life_Index

Forecasting the projected lifespan of a population (and funding requirement thereof) is pretty simple. Pension providers do it every day using annuity tables. Scaling that up to a national level would be little different.

I think a bigger challenge is how a dictatorship (as you quote EF) keeps the plates spinning ad infinitum, in an increasingly free and mobile world.

[wenber]

Roy joined Reform Party? What the

[ecureilx]

Roy joined Reform Party? What the

Amazing ... You didn't know ?

It was all over ABS CBN and NDTV

[sundaymorningstaple]

He-she-it's still in secondary school I believe (if not, he should be), so anything is possible.

Actually wenber is our 'stupidity troll' of the month.