The Rhetoric

“The difficulties we are facing is temporary. They are due to external circumstances over which we have no control.”
PM Goh Chok Tong, Straits Times, Nov 15, 2002

The Reality

“PAP’s policies have reduced Singapore’s economy to a mere service economy, the fate of which is totally dependent on the calculations and whims of the multinationals.”
Walden Bello and Stephanie Rosenfeld, economists and authors of ‘Dragons in Distress’

“The days in which Singapore can continue to sustain accumulation driven growth are clearly numbered.”
Alwyn Young, economics professor at MIT

%d bloggers like this: