LKY warns against "switching" and the costs involved

[Confuseous]

The former prime minister seems to suggest there is a switching cost from a PAP government to a non-PAP government. The cost is the loss of confidence in policies and institutions.

So, the quick analogy is if there is a switch of government, it will lead to a loss of confidence and as a result Singapore will be less successful.

The question is who are to decide the confidence in policies and institutions. The citizens and the voters of course. If they have no confidence in PAP policies and the institutions (taking instructions from the PAP), they will be willing to pay the switching cost.

However, every citizen will have his or her own calculation of the switching cost. It cannot be the same.

The confidence has to come from the people, not investors, especially foreign investors who have no right to build the local confidence.

The PAP is warning Singaporeans there is a price to pay. The switching cost is very high and “It will be very stupid of us to shake that confidence.

- http://pijitailai.blogspot.sg/2013/03/switching-cost-and-confidence-in.html

 

[Asterix]

On the contrary, when the PAP is kicked out, the SG populace will regain confidence IN THEMSELVES and that is the only kind of confidence that MATTERS.

 

[halsey02]

It is costing us a lot of money to keep the current & it is making many of us poor. A switch we must risk, even it comes with cost, it will give us some peace of mind...nothing in this world is guarateed like the past.

Who knows, one day we wake up, we are like "cyprus"?? & the "baby boomers" are at risk of not seeing a single cent of their hard earned, blood , sweat & tears money. We need a breathe of fresh airs...

LKY has done us good, but he is past his 'shelf life"...we ought to get a life!!

 

[iluvgst]

cost will be high for the local and foreign rich, but the cost will be low to negative for the poor man on the street

 

[laksaboy]

The only switch we look forward to:

LKY's body switching to room temperature.

 

[streetsmart73]

hi there


1. aiyoh!
2. broken record is using the same old fear tactics again.
3. does it work again and again?
4. my foot

 

[blackmondy]

It would be very stupid of us to keep lisening to this old motherfucker talking cock with a theatening tone.

 

[scroobal]

From his regular doomsday scenarios to a mild switching cost. Quite a climb-down. I suppose that will be cost and pain when you move from a legacy system to a better system.

 

[jw5]

From his regular doomsday scenarios to a mild switching cost. Quite a climb-down. I suppose that will be cost and pain when you move from a legacy system to a better system.

Aided and abetted by cunning and manipulative two headed snakes like yourself.

 

[greenies]

Only in Sinkie land, politicians can talk like that.
If a political leader tells that kind of logics in other countries (Thailand, Malaysia, Taiwan, S. Korea, Japan, EUs, US, Canada, Austra;ia... etc.), his party will sure loss at the election.
Sinkies seem not mature yet...

 

[The_Hypocrite]

Only nut jobs will believe wat old fart sprouts from his ass. As he is talking from his rear end. Did he not say the aljunied voters will repent if they vote wp? Well wp mps r doing a better job than pap clowns

 

[summervale]

Very true indeed!
BTW, I can't see the impacts "i.e cost involved" other than the politicans themselves and those FT's benefiting from the existing policies.
Common people like us, life goes on as usual, maybe for the better after the "switching".

Only in Sinkie land, politicians can talk like that.
If a political leader tells that kind of logics in other countries (Thailand, Malaysia, Taiwan, S. Korea, Japan, EUs, US, Canada, Austra;ia... etc.), his party will sure loss at the election.
Sinkies seem not mature yet...

 

[halsey02]

What was the costs in switching at Punggol East??

 

[Don Muthuswamy]

More scaremongering by old fart. In fact, de price 2 pay will b higher if u remain wif PAP as comp 2 switching 2 oppo.

 

[lesMISERABLES]

The Old Fart is lying.

There are costs to every action.

The costs of voting LEEgime into power are:

1. Persistently high inflation, especially food prices. LEEgime blames it on global factors. It forgets that Sinkies pay them sky-high salaries to solve problems.

2. Leepotism

3. Marrytocracy

4. HDB prices out of reach for most first-time buyers

5. Health-care costs on the rise

6. Lack of medical specialists, eg. cardiologists

7. Frequent train breakdowns

8. Overcrowding on public transport

9. International students given free English language courses while local students have to pay for

10. No accountability to shareholders (read: citizens) on how GIC and Temasick make investment decisions

 

[johnny333]

The Old Fart is lying.

There are costs to every action.

The costs of voting LEEgime into power are:

1. Persistently high inflation, especially food prices. LEEgime blames it on global factors. It forgets that Sinkies pay them sky-high salaries to solve problems.

2. Leepotism
...
...

10. No accountability to shareholders (read: citizens) on how GIC and Temasick make investment decisions

The losses made by LKY & his family is the BIG mystery.

For all anyone knows Spore Inc may already be in financial difficulties.

 

[escher]

.

LKY has done us good, but he is past his 'shelf life"...we ought to get a life!!

That bastard smear of shit on bottom of shoe LKY had never done Singaporeans any fucking good at all!

If only LKY's mother aborted that monster at birth, Singaporeans will be a much happier in a Singapore of their own.
Not displaced into 4th class citizens by the fucking foreign trash imported here as 3rd class and lorded over by 2nd class maggots in white and lorded on top by 1st class Lee and Kwa famiLee genes.

 

[iamhere]

what are the costs as compared to providing the papees with welfare facilities?????????







we had long been a welfare state for papees n cronies where they first claim that
they should be paid XXX amount of $$$ if not, they would be better off in private sector or in biz themselves.

By "default", since we do not have enough opposition to veto all these "claims", these leeches at the first split second
when they are elected or "elected" thru walkovers, commit FUNDAMENTAL BREACH of what they claim.

They hold tonnes of appointments, directorships and/or in biz themselves.

Having more than one appointment does not give one more than 24hrs per calendar day...

Question remains: WHO did they neglect?

Shareholders of public listed companies?

(Public) Stakeholders of GLC or statutory boards?

or???


We had long been providing WELFARE STATE facilities for PAPees n CRONIES....


MY FELLOW SINGAPOREANS PLEASE...

REMEMBER to

VOTE papees OUT


do yrself, yr forefathers and yr generations to come, a favor, a service and a long-awaited justice

 

[greenies]

What was the costs in switching at Punggol East??

Ha ha... cost of computer software?

 

[tonychat]

When old fart talks about this, it means PAP is worried and thieir extinction is imminent.