atans1

CRE report: Ignoring current problems while planning for future?

In Uncategorized on 14/02/2017 at 7:24 am

Yet another Indian had yet another good criticism of the CRE report.

Manu Bhaskaran (I know him personally), Senior Adjunct Fellow at the Institute of Policy Studies feels the committee could have tackled the issue of big structural challenges.

The big “structural challenges” are

[H]igh costs, loss of competitiveness, threats to our regional hub position, our failure to boost productivity, weak innovation outcomes despite immense mobilisation of resources and innovation inputs, weak SMEs and the absence of large private local firms, rising inequality, inadequate social safety nets, especially the inadequacy of CPF to provide sufficient retirement income in cash.

My take is that if these current problems are not addressed, why bother about planning for the future?

I mean it’s like Nasa planning for a manned landing on Mars using a rocket that cannot carry enough fuel to make it to Mars and back. The only reasonable reason that it would do this, is if it doesn’t know that the correct has this serious structural problem.

Erm, maybe the five ministers on the 30-member CFE panel don’t know that the economy has serious structural problems? Even if the millionaire ministers and the other panel members had help: thousands more in sub-groups and consultation groups.

They didn’t point out the structural problems? Bit like not telling the emperor that he had no clothes?

Related posts:

Inderjit Singh’s critick of the CRE Report

CFE report: Another good critick by another Indian

If you are depressed, you are living in the past. If you are anxious, you are living the future. If you are at peace, you are living in the present.— Lao Tzu

Advertisements
  1. I gave up & tuned out on the CFE after watching the 1st 10 min on TV — it’s nothing more than just the old rehash & motherhood statements from previous years & DECADES. The critics are just being nice & PC when they use “disappointed”. The right phrase should be “majorly big fuck up”. S’pore would frankly gain more by firing all those million-dollar ministers & senior civil servants and redirecting the salaries & bonuses into Com Chest for truly needy Sinkies. But no worries man. It’s thanks to all these supposedly smart but confirmed greedy idiots running the show that results in booms & busts in asset prices, and allows small frys like me to profit.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: