Singapore a republic or Singapore Inc.?

- The rough edges of capitalism need to be smoothened

Quote:

Originally Posted by sock_min Source Thread: [ST forum]: CPF min sum amount vs Inflation: the 3 letters thus far What does CPF have in relation to a shiny head children in Zimbawe??? I doubt even USA fed chairman can influence CPF.

Sorry about the extreme comparisons, perhaps the pictures were chosen for their pictorial continuity.

Perhaps the reason why both SG and Zimbabwe are affected by FED imposed currency supply inflation is due to the US absurd GDP growth (real/ otherwise)will alleviate debt mentality.

Perhaps government debt, like the credit offered to a pathological gambler is so addictive that the government, in its terminal state will simply ditch morals to fund such addiction.

In the case of a gambling addict, it is money for the next stake, in the case of government, its inflation in size of the economy (a more favorable debt-GDP ratio)- that insofar as the ratio seems small on paper, allows governments access to cheap credit.

However, the US/ world government, having lost all moral authority since the Lehman era sub-prime mortgage crisis that since morphed into the sovereign-debt crisis- is now finding it impossible to grow real GDP adequately and as such, might just as well go for just nominal GDP increase insofar that creditors do not spot the error in the nature of the US debt-GDP ratio. But they have and thus will continue to impose upon all lesser rated governments, higher sovereign bond interest rates at every bidding process (or open market trade prices).

In short, the US, trapped by debt and unwilling to raise taxes/ prioritize spending is stuck in a debt trap whereby the only way out is participation in some illicit activity (arms trading, war mongering so as to promote its arms industries etc ).

Singapore is simply sucked into this whirl pool of extreme GDP expansion for fear of losing out- thus the need to devalue the SG currency to whatever inflation is politically tolerable to keep up the competition.

Zimbabwe's corrupt politicians copied the US capitalist model but neglected the need for an expanding GDP. The consequent use of freshly minted Zim$ to repay simply sank the country in hyperinflation and its attendant non-productivity- and gross social inequality.

Singapore remains solvent through its re-branding as an MNC as exemplified by its wholesale import of foreign talent from abroad, in short, Singapore Inc is not quite a republic, it is run rather like an MNC whose board of directors is the PAP and provides international factory/ entertainment services such as F1 races, shopping centers and sweat shop factories. Most of its citizens can be classified as workers rather than shareholders in Singapore Inc.

Sorry to have digressed, but this is the long explanation for the pictures portrayed. As described, US inflation affects Singapore too since our economic model is much a copy of what the US does.

The rough edges of capitalism need to be smoothened .

__________________

=================

At:

A1:

26June2012: [ST forum]: CPF min sum amount vs Inflation: the 3 letters thus far: