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[NEWS] [Forbes] Buibui Kim is fascinated by The Singapore Strategy

Discussion in 'EDMW' started by im098, Jun 15, 2018 at 8:47 AM.

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    1. im098

      im098 Senior Member Pioneer Generation

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      The Singapore Strategy Fascinates Supreme Leader Kim Jong-un

      Steve Hanke


      Reporting of the historic Singapore Summit between President Donald J. Trump and Supreme Leader Kim Jong-un has been fascinating. The lead story in Pyongyang has been on the Supreme Leader’s Singapore walk around, and his desire to learn about economic development from the Singapore Strategy. In the western press, however, Pyongyang’s lead story is nowhere to be found.

      Kim Jong-un is clearly onto something. As anyone watching telecasts from Singapore during the past few days could observe, Singapore appears to be very prosperous. And it is. Measured by per capita income, Singaporeans are some of the richest people in the world. The economy is capitalist, and capitalist on steroids. That’s why Singapore has shot up from the depths of the Third World, at its founding, to the upper reaches of the First World, today.

      Singapore gained its independence in 1965, when it was, in effect, thrown out of Malaysia. At that time, Singapore was backward and poor — a barren speck on the map in a dangerous part of the world. If that wasn’t enough, it was experiencing race riots, which came close to igniting a civil war. Singapore’s per-capita income in 1965, adjusted for inflation, was roughly equivalent to that of poor countries like Albania, Angola, Armenia, Guyana, Kosovo, and Mongolia, today.

      But, at its founding, Singapore had a leader, Lee Kuan Yew. He had clear ideas about how to modernize the country — a strategy which I have dubbed the “Singapore Strategy.” This strategy contained the following elements:

      The first element was stable money. Singapore started with a currency board system — a simple, transparent, rule-driven monetary regime. Currency boards operate on autopilot, with automatic adjustments keeping the system in balance. Accordingly, currency boards deliver discipline to the spheres of money, banking, and fiscal affairs. For Singapore, the currency board provided stable prices and free convertibility of the Singaporean dollar, which was fully backed by foreign reserves and gold, at a fixed exchange rate. This established confidence and attracted foreign investment.

      The second element was that Lee Kuan Yew ruled out passing the begging bowl. Singapore refused to accept foreign aid of any kind. This is a far cry from many developing countries, where, when you pick up the paper, all you see are politicians and bureaucrats trying to secure foreign aid from someone, be it an NGO, a foreign government, or an international financial institution, like the World Bank. By contrast, signs reading “no foreign aid” were hung figuratively outside every government office in Singapore.

      The third element was that Singapore strived to have first-world, competitive private enterprises. This was accomplished via light taxation and light regulation, coupled with completely open and free trade — in short, policies that enabled Singapore to become one of the Asian Tigers.

      The fourth element in the Singapore Strategy was an emphasis on personal security, public order, and the protection of private property.

      The fifth, and final, element in the Singapore Strategy was a “small,” transparent government — a minimalist government that avoided complexity and “red tape”.

      To execute the strategy with precision, Singapore appoints only first-class civil servants and pays them first-class wages. Today, for example, the Singaporean Finance Minister’s annual salary is 1.3 million dollars (USD). In exchange for these high salaries, the Singapore Strategy demands that the government runs a tight ship, with no waste or corruption. By embracing Lee Kuan Yew’s Singapore Strategy of stable money, no foreign aid, first-world competition, law and order, and a government that is free of waste and corruption, Singapore has transformed itself from a poor, barren speck to a global financial center.

      It should come as no surprise that Singapore today is one of the freest, most flexible, and prosperous economies in the world. Kim Jong-un clearly has his eye on a winning strategy. Maybe the Supreme Leader is a bit more clever than most western observers give him credit for.

      The Singapore Strategy Fascinates Supreme Leader Kim Jong-un

      Authored by Steve H. Hanke of the Johns Hopkins University.
       
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    2. kandidate

      kandidate Member

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      Most would agree with the first 3 points. Same cannot said for the fourth n fifth elements.
       
    3. Beedio

      Beedio Senior Member Pioneer Generation

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      Hao cum AMDK's five elements did not include any of the below? :eek:

      1. Land Acquisition Act (1966) = Lee Kuan Yew
      2. National Service Act (1967) = Dr Goh Keng Swee
      3. Newspaper and Printing Presses Act (1974) = Lee Kuan Yew
      4. CPF Minimum Sum Scheme (1987) = Lee Yock Suan
      5. Certificate of Entitlement (1990) = Mah Bow Tan
      6. Foreign Talent Policy (1997) = Goh Chok Tong
      7. Electronic Road Pricing (1998) = Mah Bow Tan
      8. India-Singapore Comprehensive Economic Cooperation Agreement (2003) = George Yeo
      9. Integrated Resorts (2005) = Lee Hsien Loong
      10. Population White Paper (2013) = Lee Hsien Loong
       
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    4. stillgottheblues

      stillgottheblues Senior Member Pioneer Generation VIP

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      The reporter have to stay here for a longer period.
       
    5. kandidate

      kandidate Member

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      Very good points... i think thses points should be categorized under the elements respectively.
       
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    6. Zimpleman

      Zimpleman Senior Member VIP

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      The power of paid advertisement to give blow jobs and giving DAFT SHEEPISH SB 70 orgasm in public! Majullah SB 90!!

      Even the author will sing like a pet monkey praising a CREDIT USURPER, the Traitorous BASTARD evil and wicked SCUMBAG lee kuan yew with astonishing credits when this BAG of Blunder filled with Bovine Excrement could not even live up to any of his own poLEEShit which deliver DISMAL RESULT and contribute much harm to the resident populations!! BLOODY CROCK! Why are you not revealing at least some of the FUCKTARD Traitorous BASTARDS SCUMBAG lee kuan yew's failure and harms that was brought onto this local community. Next will SCMP join in the Chorus too??

      The only JIBAI this FUCKER father and son is good for - IS REPACKAGE AND PROUDLEE PRESENT AS THIER ACHIEVEMENT TO BOAST TO THE INTERNATION AUDIENCE!!
       
    7. Worcer

      Worcer Senior Member Pioneer Generation

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      Aiyo. North korea if cooperate with south korea will become another world power industrial country.

      Then kim will be so rich that our singapore will have to learn from them...

      But how to do it is a secret... Hahahhah
       
    8. panda

      panda THE big fat panda Pioneer Generation VIP

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      fat fuck kim is fascinated by the greedy corrupt evil wicked ww2 traitor hanjiansan lee kuan yew and the first of his damaged sperm wuzzie name leeTHESHIT hsien loong MISUSING parleement to decriminalize the election act violation by leeTHESHIT hsien loong & leeTHESHIT hsien loong using the selected question & preferred answer leeTHESHIT forum aka parleement to excuse himself from being investigated for allegations of abuse of power.

      why the Authored by Steve H. Hanke of the Johns Hopkins University is NOT IMPRESSED BY THESE CORRUPT ACTS OF father n son IN GRIPPING ON TO poleetickle power, perpetuating corrupt practices perniciouslee in the sinkingpore gabrahment ?!

      ah sorwee, that is not what advertisement is sarpose to promote, IT IS ONI HEAR THE GOOD STUFF.
       
    9. Vritsme

      Vritsme Well-Known Member

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      Ish the writer a good friend of pinky???


      In sinkingpore only the bloody leeching pinky and hubby with his gang and wealthy here are rich... the rest of us are poor due to their eternal intensive leeching to make themselves forever rich.
       
    10. Papala

      Papala Junior Member Pioneer Generation VIP

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      Maybe pinky got give ang pow to them
       
    11. recon_doge

      recon_doge Senior Member Pioneer Generation

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      "Singapore appears to be very prosperous."

      meanwhile, at yishun....

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    12. TooBianTai

      TooBianTai Supreme Grand Master Pervert Pioneer Generation VIP

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      TaserOral thrill ride
      The writer overlooked the fact that Sinkies are a daft bunch.
      And PAP’s best strategy is gerrymandering.
      Every Erection daft Sinkies will blindly vote for whoever the local media tells them to vote for, same as NK.
       
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    13. metalrover

      metalrover Senior Member Pioneer Generation

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      At least bui kim & his nk doesnt pretend to be a democracy, unlike someone...

      o_O
       
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    14. panda

      panda THE big fat panda Pioneer Generation VIP

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      Singapore: End Broad Restrictions on Speech
      Prime Minister’s Statement Highlights Limits on Freedom of Expression

      (Bangkok) – The Singapore government should end the use of overly broad criminal and civil laws to restrict freedom of expression in the city-state, Human Rights Watch said today. The government should revise or repeal its defamation, sedition and contempt laws to bring them into line with international human rights law.

      In a June 11, 2018 interview with CNN, Prime Minister Lee Hsien Loong stated that Singaporeans can say or publish what they want, “subject to the laws of sedition, libel and contempt.” Those laws, along with a range of regulatory measures, impose severe restrictions on the rights to freedom of speech in Singapore.

      “There is little real freedom in Singapore to speak critically of the government or the courts, or to peacefully protest state policies,” said Phil Robertson, deputy Asia director at Human Rights Watch. “Singapore’s broad laws on contempt, sedition, and libel, among others, are aggressively used against activists, bloggers, cartoonists, and the foreign media to stifle critical speech.”

      The government has frequently used libel suits against critics and the media, Human Rights Watch said. Prime Minister Lee sued Roy Ngerng, an activist who wrote a popular blog criticizing government actions and policies and highlighting inequalities in Singapore, for defamation over a blog post about the government’s handling of the Central Provident Fund, the country’s mandatory pension fund. Ngerng, who was fired from his job in the wake of the defamation suit, was ordered to pay Lee S$100,000 (US$74,500) in general damages, S$50,000 in aggravated damages, and S$29,000 in legal costs.

      Under Singapore’s Administration of Justice (Protection) Act of 2016, it is considered contempt to publish anything that imputes improper motives to or impugns the integrity, propriety, or impartiality of any court and poses a risk that public confidence in the administration of justice would be undermined. Those found in contempt face up to three years in prison and a fine of up to S$100,000.

      In the most recent case, Jolovan Wham, an activist, was charged with contempt for writing on Facebook on April 27 that, “Malaysia’s judges are more independent than Singapore’s for cases with political implications.” John Tan, the vice-chairman of the opposition Singapore Democratic Party, faces contempt charges for commenting on his Facebook page that Wham’s prosecution “only confirms that what he said is true.” Prime Minister Lee’s nephew, Li Shengwu, is also facing contempt proceedingsover a private Facebook post in which he noted that a litigious government and a “pliant” judiciary meant that international media was constrained in what it could report about Singapore.

      Singapore’s sedition law criminalizes speech that has a tendency to “bring into hatred or contempt or to excite disaffection against” the government or the administration of justice in Singapore, to “raise discontent or disaffection” among the inhabitants of Singapore, or to “promote feelings of ill-will and hostility between different races or classes of the population of Singapore.” Violation of the law carries a penalty of up to three years in prison. Given that almost any criticism can “excite disaffection against” the government, and any discussion of race and religion can “raise discontent,” the law imposes unacceptable restrictions on discussion of matters of public interest, Human Rights Watch said.

      “Singapore should bring its laws on freedom of speech into line with international standards, as the new government in nearby Malaysia has committed to do,” Robertson said. “Only then will Singaporeans be free to speak their minds.”
       

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