I can only blame myself for not able to get Presidential Scholarships while I was young
Back then, Singapore educated people is not a lot... and truly those days, the PAP rule under Lee Yuan Yew's leadership was solid!
Singapore became one of the Asian Tigers or 4 small dragons is no coincidence... I really attribute Singapore's growth from 1963 to 1990s, Lee Kuan Yew's Ideology and Economical Reforms.
So, I can understand why our parent's generation or someone's grandparent's would vote for PAP, as there is truly a way to say THANK YOU LEE KUAN YEW for your hard works! My parents are retired and semi retired, my grandparents are long time in Heaven, so, how would the retired folks know what is going on with Singapore right now? It's their right and decision to vote, since Singapore is a Democratic Society, and touching my heart, I can truly understand why our parents, our grandparents would insist on voting for the popular brands PAP, because they benefited from LKY's PAP rule, and just want to say THANK YOU LEE KUAN YEW for building SINGAPORE into what it is today.
However, the new batch of Leaders under Lee Hsien Loong is no longer as foresighted... how I wished Lee Kuan Yew have 100 more years to live...
Singapore PAP Government Policy emphasized too much on the GDP equation... which is a stupid equation developed some 400 years ago!!!
Quote
William Petty came up with a basic concept of GDP to defend landlords against unfair taxation during warfare between the Dutch and the English between 1652 and 1674.[4] Charles Davenant developed the method further in 1695. [5] The modern concept of GDP was first developed by Simon Kuznets for a US Congress report in 1934.[6] In this report, Kuznets warned against its use as a measure of welfare (see below under limitations and criticisms). After the Bretton Woods conference in 1944, GDP became the main tool for measuring a country's economy.[7] At that time Gross National Product (GNP) was the preferred estimate, which differed from GDP in that it measured production by a country's citizens at home and abroad rather than its 'resident institutional units' (see OECD definition above). The switch to GDP was in the 1980s.
End of Quote
How about moving to a more reasonable measurement index say the Global Happiness Index? say something like happyplanetindex.org? We all know we all will die one day, why must the purpose of life be only about making money to increase the country's GDP? This is such a flawed equation that doesn't measure human health, human well being, human happiness. There is an absolute correlation between Happiness and Productivity. People don't work for money... they work for their FAMILY HAPPINESS!
So what if the GDP is no longer growing? This equation is an exponential equation which is based on CAGR, or compound average growth rate, pretty crazy if you ask me. There is no way a GDP equation can be sustainable for growth forever... with this equation, INFLATION IS GUARANTEED! When there is bank interest rates, INFLATION IS GUARANTEED! At the end of the day, we are all playing monopoly game...