Once you start to favour a single race, everything goes wrong.

And, don't bite the hand who feed you.

If you read LKY's memoirs, LKY always claimed that PAP is a socialist party and a member of Socialist International.

The Worker's Party on the other hand, is actually communist, not socialist.

In any event, PAP launched many socialist policies, like setting up co-op stores which is government run, and the HDB which is also govt run and many more. They know however, where to step back, and where to intervene effectively.
You could also argue that Temasek, one of the largest sovereign wealth fund is socialist because it is government run and not a private fund.

I also wish we can be like Singapore

During the Dr M era, we can easily imprison all opposition and win the election

This way, we can do non-populist measures as empyreal said. We can remove subsidies without fearing hitback

The problem with democracy, is stuff thats good for the ccountry, are ussualy stuff that is bad for the government.

We should phase out of democracy, and emulate china and singapore.

with democracy. we need leader with balls. for example. the iron lady.

lky can say that, and he can also say that it was a monarchy if he likes.

i think you're classifying something on the small portion of what they do, instead of what their main business is. establishing pro-business policies, clamping down on unions and relatively low taxes for the rich, are all more fundamentally against socialist principles than erecting subsidised housing and sovereign funds. sovereign funds isnt even socialist since they partake and support a capitalistic economic system or unless this is used to work towards controlling a significant or all the productive capacity of the economy - the anti-thesis of fdi.

if you're old, got a degree, are already working with a family and kids, you dont call yourself a high school student just because you've put on a high school uniform. trivial things dont count if the fundamentals are not achieved.

besides, workers' party really want to appropriate all the capital in singapore, turn all businesses to government-run businesses and impose a flat wage for all, if theyre commie?

kesian malaysia

Good read

wow wow so kuching is more developed than brunei...

This post has been edited by Gaiking: May 6 2012, 11:16 PM

I saw the sources but ts u wrote this article? If so well done. Good read.

great article ts

a good lesson for resource rich economies not to fall into the trap the same way brunei did.

Wow, indeed a good article.

Really informative. Thanks TS.

Singapore, with limited natural resources, but they are focus on human talent, technology and service orientated economy.

Imagine they have an oil rig, I believe they would share the equal fate like Brunei.

Actually there is nothing wrong with Brunei utilising its natural resources, however its like a blessing in disguise, you are addicted and rely to it, once its run out, you r in trouble.

Good reflection for fellow Malaysians.

in msia there's a lot of mouths to feed... huu huu, 30% gotta feed 70%

Malaysia are going brunei way in regard to non-malay population, albeit more slowly. The cainis and other non bumi population are declining. Several factor contribute to this such as the migration and the cainis tendency to marry late and preferance for only few childrens. But i marvel at Thailand. The thai and non-thai blend so seamlessly, you cant tell one from another.

resource curse....

Thanks to our government NEP policy that only enrich Umnoputra crony.
Requirement that all initial public offerings (IPOs) set aside a 30% share for Bumiputra investors. You thinks who is willing to give away 30% share for free to you?!! That's the main reason why all foreign investors try not to invest in Malaysia.

actually malaysia also can... rugi la srsly.. malaysia > singapore... but the policy favor bumiputera to campur tangan in these MNC biznez, and a lot other factors is actually backfiring.. they should open up totally and then use another way to benefit the bumi ma..

Dear sir,

Just wanna say your article is freakin awesome. Sums up pretty much what's on my mind.

I am stateless. All i say say is it's made my life travelling and working a lot more hassle than most people in this world. A lot of people don't realise how big a problem this is till you yourself are actually stateless.

I'm a professional Chemical Engineer from one of the best unis in the UK - Imperial and in the world too.

I'm current working in the UK and it's sad to see my country of origin (Brunei) is basically just a shit hole with a womanizing royal family with no real intention of making the country work in the long run. They themselves invest everywhere else but the country.

I've had my whole life discriminated against with no rights to anything and limited from jobs and education, and just general opportunities.

Cheerios to you and keep the information going!

Again good read after 4 mths