Thursday, November 15, 2018

Too much Power in the Hands of too Few is Bad for our Future

Saw this in my WhatsApp. Interesting read...

Too much power in the hands of too few is dangerous for the future of Singapore it could end up with what we have seen in Malaysia where the new leader equipped with so much power that when they abused the system and embezzled the country's resources there is no alternate power to stop them other than through the electorate.

In Singapore the electorate is very much controlled by the ruling party via gerrymandering of the electoral  boundaries and GRC system and tweaking of the Constitution which makes it impossible to remove future leader who has turn into a rogue or a tyrant. Hence any plundering of Singapore by rogue could only be stopped by external power like what we see in Libya under Gaddafi and Iraq under Saddam Hussein.

Also in Singapore where the husband and wife team also control the sovereign funds of the country in privatized corporations.  The future leader will have total and private control over the funds of the country as well without anyone able to check on them. So any abuse and corruption will be impossible to be detected and no chance to be investigated. It will be a replay of the Najib story filled with murders, hidden extravagance, crony judiciary, and ever rising burdens on the people.

While things are looking rosy for Singapore today but that cannot be said of the future. In fact looking at the crop of new leaders it looks bleak indeed. Most of them are from the army and none of them are financially savvy. Running the country's financial is very different from running your own finance. So they will most likely end up running it and using it, like their own money.

Historically we have seen how the second generation of leaders showed signs of things to come by raising their salaries to exorbitant level never seen before in world history. Fortunately LKY was still around to prevent any massive abuse. But he is gone now and we have seen how his son betrayed him in the 38 Oxley Road saga within the first year of his death. Our hard earned reserves are as cold as ice now. For the ordinary folks, anyway, they will never get to touch these money in their lifetime.

Emigration is a good choice if you're thinking of your future generations. Many have done that, including the siblings and descendants of the Lee family.

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