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, 2002The 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