atans1

Why our millionaire ministers don’t deserve their salaries

In Economy, Political economy, Political governance on 09/01/2019 at 10:00 am

S’pore’s trade-reliant economy will see a slowdown in the next 12 months, according to a survey of economists by the Monetary Authority of Singapore. All 23 respondents cited intensifying trade friction as a risk to growth.

Economists … project that gross domestic product (GDP) growth could ease to 2.6% from an estimated 3.3% for 2018.

https://sg.finance.yahoo.com/news/singapore-economy-five-things-watch-2019-014107270.html

Look at where that will place us in the 2019 sweep stakes: around where the better developed countries will be.

For that we pay the best global rates for ministers? Even the constructive, nation-building media don’t deny that S’pore’s ministers top the global league for ministers but say they deserve their salaries.

Really?

They would say that, wouldn’t they?

  1. Exactly what many others have been saying since AFC when it became painfully obvious SG’s performance had more to do with the performance of other large economies rather than the performance of local ministers. Doubly confirmed in the 2000s when PAPies ramped up their FT floodgates policy to compete with neighbouring 3rd world countries on cost.

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