Singapore’s citizens are the biggest threat to national growth, said analysts at Goldman Sachs at an annual wealth conference yesterday, held in Marina Bay Sands.
Speaking at a panel discussion about emerging markets in Asia, the analysts agreed that the increasingly vocal citizenry in the once-orderly island has disrupted economic growth for 2013 and will continue to be a drag on the economy for years to come.
“Let’s be honest here. Does Singapore need Singaporeans? No. The children are taken care off by foreign domestic helpers, the hawkers are Malaysian, the buildings are constructed by Bangladeshis. All Singaporeans are good for are populating the army, which has never gone to war!” said emerging markets specialist, Thomas Money.
Money pointed out that Singapore’s only comparative advantages against its competitors were location, and immigrants. He proposed slowly phasing out Singaporeans so they would be unable to interfere with pro-growth government policies. Full story...
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Speaking at a panel discussion about emerging markets in Asia, the analysts agreed that the increasingly vocal citizenry in the once-orderly island has disrupted economic growth for 2013 and will continue to be a drag on the economy for years to come.
“Let’s be honest here. Does Singapore need Singaporeans? No. The children are taken care off by foreign domestic helpers, the hawkers are Malaysian, the buildings are constructed by Bangladeshis. All Singaporeans are good for are populating the army, which has never gone to war!” said emerging markets specialist, Thomas Money.
Money pointed out that Singapore’s only comparative advantages against its competitors were location, and immigrants. He proposed slowly phasing out Singaporeans so they would be unable to interfere with pro-growth government policies. Full story...
Related posts:
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