These days, there's growing discontent about our government. I ponder on the reason for the sentiments:
- The mis-steps that our government made that created an uproar in the 2011 elections never went away. While the government acknowledge these mis-steps and tried to rectified them, the pandora's box was open and the nation is caught between a rock and a hard place:
- The Lose-Lose Situation of Property Prices
- Due to the relaxing of immigration policies and allowing "market forces" to dictate, Singapore property prices saw unprecedented rise during that period that far out stripes real wage increases. The government touted asset appreciation as "wealth creation" and most of us bought into that notion. Only with the "cooling measures" were the escalating property prices put to a stop. However, prices are still too high, especially for the younger generations. Yet, many cannot afford to have a deep property price correction as most have plough their life savings to "upgrade" to their current homes, believing the government's message of "wealth" in homeownership and able to rely on it for retirement or passing it on to their descendents. So we are caught and the only way out is when REAL WAGE increases starts to rise again and close the gap with the property prices.
- Until recently, most of us thought that we can rely on our home as a reliable and safe asset class for our golden years. Alas, the government is now finally sharing the other half of the real message - 99 years lease will start to depreciate our asset. Obviously, this has created a lot of anxiety and angst with our people AND RIGHTLY SO. As a marketing ploy to garner votes, PAP chose to share part of the message of homeownership. They now need to clearly share how the state will handle these homes when the 99 year leases ends. On paper, the state has every right to reclaim the homes and land but that would mean that they have hoodwink a good part of the nation into believing their piped dream of asset/wealth creation. This is a big headache for PAP as any further mis-step will most definitely cost them HUGE POLITICAL COLLATERAL DAMAGE.
- Failure to Transform Our Economy
- We used to be a manufacturing economy but we saw the dangers of the developing countries catching up and we successfully transformed to a knowledged based economy, focusing on Financial and Infocomms. However, with our current crop of leaders, we recognized the need to transform again to higher value-add such as biotech and IP services but alas, we have not been successful so far. It seems we continue to rely on our past engines of Financials and Infocomms and that has hurt us. Countries like China, Philippines, India, even Vietnam and Myanmar are now as skilled and cheaper than us. Worse still, as we moved to re-train our citizens to higher order skills, we created a vacuum of real core skills (similar to other lower level jobs) which we now rely entirely on foreign talent to fulfill. Hence, we are yet again caught between trying to manage the influx of foreign talent and yet needing them to keep our core infrastructure going. In the meantime, we have yet to make a dent in the new industries like biotech and IP services. Worse still, we were distracted by other red herrings like building two casinos in the name of tourism which in the end, introduced more ailments to our citizens like gambling addiction, debts, underworld activities.
- Continued Stress on the Infrastructure
- Even as the government tries to catch up in building the infrastructure, the composition of our economy is hindering their progress. There is not enough manpower to build the roads and upgrade the MRT due to the tightening of foreign talent. The anaemic economy is also making our leaders more cautious in spending. As a result, we continue to hear of MRT disruptions, accidents on worksites, etc.
But the real root cause of unhappiness of many Singaporeans lies in our government abandoning their moral compass when they decided to proceed with compensating themselves with multi-million dollar salaries. This was a grave mistake that the late LKY championed, believing that it will eradicate corruption and attract the best talent to lead the country. Humbly, I DISAGREE. Yes, we need good talent to lead our nation but WHAT DEFINES GOOD TALENT? For me, the most important attribute starts with the heart - the desire to serve and be a servant to the nation. Having obscene salaries only serve to cloud the qualification process of finding the right leader. Now, we will ALWAYS DOUBT the intention of any PAP member (or politician) who wants to step up and serve. The government has abandoned it's moral authenticity in exchange for an easier path to attract "talent". Our people cannot come to terms with the government leaders taking home millions and yet claim to "understand and relate" the issues of the ground.
As you can see, there is a lot of work ahead of us as a nation; so where do we go from here ?
- The government should relook at recalibrating the entire cabinet's compensation structure to something that is more palatable to the people. Do not deny our leaders a good compensation package but it doesn't have to be at the top end of the nation's earners. This gesture will not only win back the trust of the people, it may even convert the detractors by showing them that our leaders are willing walk alongside as one of us.
- Clarify what is to become of the homes when the 99 year leases expires. There should be a scheme that allows homeowners to extend their leases or at least have residual value; otherwise, PAP has renegaded on it's message of creating wealth through asset appreciation of people's homes.
- Focus on educating our children and elders to be proud to acquire trade skills (such as carpentry, plumbing, manufacturing, music, etc). In the pursuit of higher order skills, we have come to rely on foreign talent to keep our country going and we are now held hostage. We need to reclaim that and to foster the mindset of our people that trade skills are not only respectable but that they will also be avenues to a good life. Countries like Germany and Australia are clear examples of such - Plumbers, electricians earn a good living! Promote and work with the industry to raise the standard and wages.
- Review the structure of Organs of the State. Be transparent and ensure that there are no areas where authority can be left unchecked and abused. There are too many areas of conflict as highlighted in the recent fiasco on the late LKY's house.
- Last but not least, HUMBLE YOURSELVES in front of the nation. Nothing beats sincerity and the willingness to sacrifice for the nation. When the people sees that the leaders are prepared to serve, that is when the nation will move forward as ONE PEOPLE.