Singapore Budget 2015: 10 things to note in DPM Tharman's Budget debate round-up speech
Published on Mar 6, 2015 11:28 PM
Ricky Lim · Singapore
As raise in 2010, In a raw capitalism economy - where the market dictate how demand and supply, how resources are allocated and how people are paid by market forces ----- will bound to cause social divide - where few will race faster than the lower and middle income group - causing an elongated social divide and income divide.
This phenonmenon is observe in almost all economies that adopt capitalist economy - where social divide and income divide rear its ugly head - that trigger the "Occupy Wall Street", "Arab Spring", "Chrysantemum movement that did not pick up", but some Asian countries has seen some unrest - eg. HongKong, Taiwan - though economic unhappiness are also tampered by political elements.
Tampering raw capitalism with "socialism - with redistribution of wealth" - which must be sustainable by the Economy - is the only way to press the "elongated income divide and social divide" - into a more compact, towards more equilibrium gap - so that the social divide and income divide is not too wide - causing social discontentment that will disrupt the social cohesion within a Society.
In this respect, the Budget has accomplish the objective of shaping the hybrid model of "Capitalism and Socialism of wealth redistribution" - into a practical and appropriate model that will make the Society more compact with smaller social divide and income divide.
There is only 1 more thing that the Government must attempt to do :-
(1) Help and assist them mature PMETs who are unemployed to get jobs. This is one group of manpower resource that is untapped which will be useful to help firms facing labour shortage.
This group of mature PMETs needed the jobs to sustain their living. And yet firms need workers to sustain their business but somehow fail to tap on this unutilised resources.
This phenonmenon is observe in almost all economies that adopt capitalist economy - where social divide and income divide rear its ugly head - that trigger the "Occupy Wall Street", "Arab Spring", "Chrysantemum movement that did not pick up", but some Asian countries has seen some unrest - eg. HongKong, Taiwan - though economic unhappiness are also tampered by political elements.
Tampering raw capitalism with "socialism - with redistribution of wealth" - which must be sustainable by the Economy - is the only way to press the "elongated income divide and social divide" - into a more compact, towards more equilibrium gap - so that the social divide and income divide is not too wide - causing social discontentment that will disrupt the social cohesion within a Society.
In this respect, the Budget has accomplish the objective of shaping the hybrid model of "Capitalism and Socialism of wealth redistribution" - into a practical and appropriate model that will make the Society more compact with smaller social divide and income divide.
There is only 1 more thing that the Government must attempt to do :-
(1) Help and assist them mature PMETs who are unemployed to get jobs. This is one group of manpower resource that is untapped which will be useful to help firms facing labour shortage.
This group of mature PMETs needed the jobs to sustain their living. And yet firms need workers to sustain their business but somehow fail to tap on this unutilised resources.
No comments:
Post a Comment