PM Presses Ahead With Own Version of Banana Republic

The bill on electoral reform in the National Assembly (NA) is effectively as dangerous and crappy as the one we massively rejected in December 2014. It doesn't solve anything and shrinks our democracy. Given that we don't have recall elections and statute referendums yet it is important that enough MPs abstain and vote against the introduction of proportional representation (PR). It is even better that a few MPs resign from parliament to send another clear signal that we will not allow Lepep to break yet another of its pledges and put MPs at the centre of a conflict of interest. Let's focus on the parts of this bill that are most dangerous and deal with three misconceptions.

An Inquiry into the Wealth of Two Tigers

What If

Let us assume for one second that Singapore had kept the value of her currency against one USD at its average rate of 2.2002 for 1985. Not a bad objective as combined with positive growth rates generated by adjustments in the real economy her people would have felt a lot richer when going abroad for holidays or to grab companies and ideas to move forward as a nation. If she had kept the value of her currency constant at that level then at the end of 2015 her GDP per capita would have been $33,047. Quite a number don't you think?