All my old colleagues have left. I am alone of the old team. I am staying on for a while to help the transition. According to “Confucius Confounded: Analects of Lee Kuan Yew” by Francis Seow, Forward by Dr M, this was said by LKY at Davos in February 1990.
Well he stayed on until 14 May 2011, more than 21 years after uttering the above, During this transition, Goh Chok Tong was prime minister for 14 yeras, and his son became prime minister in 2004. During these 21 years, the PAP lost its moral authority to boss S’poreans around and its reputation for efficient, competent government. (Under LKY, S’poreans had good, cheap and efficient government. so they put up with his bullying, hectoring ways. Under his successors, S’poreans felt they were not getting sufficient value for the money being paid to ministers, and resented being hectored and bullied by the likes of VivianB, Wong Kan Seng and Mah Bow Tan.)
So much so that two cabinet ministers were red-carded, and six more were yellow-carded in the recent elections
So it is a gd time to step down.
The old order changeth, yielding place to new,
And God fulfils himself in many ways,
Lest one good custom should corrupt the world.
It is a “major event” as the prime minister said becaue
Authority forgets a dying king,
Laid widowed of the power in his eye
That bowed the will.