Interesting Read

Taken off CNA's Forum, from a poster with nick "aussie" replying to the topic on

"Will it make sense to employ a jobless grad who specialise in another field even if he willing to accept low pay?"

SGporeans' livelihood are in danger under inexperienced, incapable 2nd grade management.
The effects of all these latest policies will be detrimental to the well-being of the vast majority of SGporeans. A small island state with a population of just over 4M, SG has over 800,000 foreign workers. Whilst not having the brains to manage, SG try to make it to the books in every international ranking, never mind be it through the front or back door, often mindlessly. Being the freest economy is one. Free entry to all except in the area of politics which is still tightly regulated by light-eared incapable men who pays and blindly approve policies made by foreign consultants to the detriment of SGporeans.

As in any business, you do not want to satisfy all demands. Any smart business knows that it is foolish to produce to meet 100% of the demand. They always produce the 50%, work the OT, increase the production a little if the demand increases..and don't satisfy all 100% demand.
Smarter countries like NZ and most other countries protect themselves this way. Both young and older workers are employed and the country achieve a good standard of living.

How many fund managers is needed to manage $1M? How about $100M or $1B? The answer is just one. But to build up your own capability in the industry, you will need the many enterprising boutique funds to give the breadth, competition and innovation. SG, as usual, leap-frogged this important step for short-term gains. This is detrimental to future generations.
There is a difference to managing funds and marketing funds. 2nd grade SG management is undermining the future livelihood and survival of the citizenry. Be very careful, SGporeans. Be careful that your hard-earned funds will be forced to be marketed for investments that ultimately benefit not yourselves but foreign fund managers. Your money will be controlled by foreigners while you, your friends, your relatives are forced by policies that serve to wipe yourselves out of retirement. And is there a difference to investing CPF money and cash? They tell you to increase returns, you have to invest your cash. I didn't want to put this up but the situation is so bleak for SGporeans, I need to voice this. There is absolutely no difference what money you use. They are all money. Since the fund managers are not performing, it is better for you to manage your own money. The future for SGporeans is in very extreme grave danger. You MUST change the system and the people managing it. Given the calibre of the policies so far, I doubt SG management is capable of anything truly 1st grade. You will find whole departments swarmed by their "brothers." Like it or not, this is a culture thing, finally.

Soon SG will be transformed into MISS. Yes, SGporeans will MISS out under 2nd grade management which strives to preserve her hold onto power. Little wonder so many of you SGporeans are having difficulty getting employed. 2nd grade management has swarmed the Mini-Indian State of Singapore with alternative lower-cost labour in all sectors. They have sold you out. They are selling your livelihood, your future and your childrens'. They are selling, no, they are giving away the strategic growth due to SG's geographic location to foreigners. If you really understand the history, you will realise the truth. As an example, many factories was built at SG's cost to house foreign companies just to create employment. Now, many are vacant. Whilst the MNCs moved elsewhere, SG forced its own entrepreneurs to buy them. On the other hand, SG did nothing to help its entrepreneurs, in fact stifle them, whilst it was a mini-China then. Now, China set up show-rooms in many countries to make herself the world's production house helping her entrepreneurs, SG's management did the opposite. SG actually stifle her citizenry. As it is, SG wants to perpetuate her policy of maintaining the losses of her GLCs overseas through the blood and sweat of her citizenry and all foreigners working in SG through their CPF contributions and taxes. Why would any smart businessman sustain years and years of losses? Isn't it foolish? Inexperience is seeing its toll. Such suffering inflicted on the citizenry is unnecessary and foolhardy. It doesn't speak much for such 2nd grade management. It is better to let the really entrepreneurial citizenry the freedom to grow. GLCs should really be disbanded. If they can't perform after a very accomodating 2 to a maximum of 5 years, you know it is quite obvious their business model is wrong and hence, should be disbanded. Suzhou Industrial Park, STIC are just some off-the-cuff examples. Please stop throwing good money down the drain. It is unbelievable but true. SG lost nearly 50% of her investments in Japan. Actually, when SG invested her funds there at the height of the Japanese economy some years earlier, I was wondering how and who could be the capable "scholars" coming up with such ideas? His stupidity is beyond belief...and to imagine, managing $M and $B, it is unthinkable the salaries they command. Truly 2nd grade. A change is in order and necessary. A MUST indeed.

Disclaimer : View's entirely the author, not mine, though I am inclined to AGREE to what he/she have to say.