First, there was one. Then, there were two. Now, we have three. Sooner or later, the number of senior ministers and minister mentors will catch up with the junior ministers, judging by the increasing lifespan of Singaporeans.
In companies, some CEOs retire to be Chairman of the Board. Some still collect salaries/bonus/perks as they do during their CEO days. The scrupulous ones will only take director’s fees.
Well, as they often have substantial stakes in their companies, we can’t fault them too much.In fact, most do contribute. If they misuse their powers, at most the company goes bankrupt. But, a country is slightly different.
Former prime ministers/deputy prime ministers do not own the country. The country belongs to the people. By promoting themselves to SM/MM and collecting salaries/bonus/perks as they do during PM/DPM days, they are practising gerontocracy in disguise.
If they fail to contribute or even worse, if they abuse their powers, the country will be in dire straits. In old communist China/USSR, we often see gerontocracy being practised and that has wrecked havoc on their societies. But they are huge countries, thus they have the strength to recuperate from misery. However, Singapore can’t afford to experiment with gerontocracy.
Read rest of article here:
http://wayangparty.com/?p=7074
In companies, some CEOs retire to be Chairman of the Board. Some still collect salaries/bonus/perks as they do during their CEO days. The scrupulous ones will only take director’s fees.
Well, as they often have substantial stakes in their companies, we can’t fault them too much.In fact, most do contribute. If they misuse their powers, at most the company goes bankrupt. But, a country is slightly different.
Former prime ministers/deputy prime ministers do not own the country. The country belongs to the people. By promoting themselves to SM/MM and collecting salaries/bonus/perks as they do during PM/DPM days, they are practising gerontocracy in disguise.
If they fail to contribute or even worse, if they abuse their powers, the country will be in dire straits. In old communist China/USSR, we often see gerontocracy being practised and that has wrecked havoc on their societies. But they are huge countries, thus they have the strength to recuperate from misery. However, Singapore can’t afford to experiment with gerontocracy.
Read rest of article here:
http://wayangparty.com/?p=7074
