Weekly Roundup: Week 43
Posted by singaporedaily on 25th October 2008

“When Shan, a second year political science student, asked Dr Balakrishnan about Singaporeans who were affected by the mini-bond fiasco, the minister in turn asked her whether he should approach the problem as an economist or politician. Her simple reply—to look at the issue from the eyes of an “ordinary Singaporean”—won the applause of the audience.”
The Enquirer
“..we see very obvious signs that the govt will be the last among nations to help its citizens AND only if whatever actions it follows will protect its competitiveness, not that it is the right and decent thing to do for your citizens.”
commentator_sc
“For a while this generated growth for our financial sector - a key goal of the govt. But there is a price to be paid when greed overcomes prudence and fiduciary duty is forgotten….traded away for commissions..”
Lucky Tan
“That’s life, if you want good rewards, you have to take risks. Otherwise, leave your money with the CPF.”
Goh Chok Tong, Senior Minister, Chairman of MAS.
“Charities should seek extinction rather than growth. The mantra of business is growth.”
Dr Lee Siew Peng
I think this should apply to the Government as well. Other than foreign policy and national defense and maybe one or two other areas, the Goverment’s main job should be to empower its people in self preservation and the pursuit of happiness. Sadly the current administration doesn’t think that way. Singaproe Inc was a good plan in the 70s and 80s but its an outdated model to take our country forward today.
g
Recommended reads for the week after the break.
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