The First Question - Global Competition, Economic Growth and that Little Fellow on the MRT Train (You)

"High growth: Amid global competition, can you maintain Singapore's high economic growth and keep on improving our standard of living?"

The answer is - nope. Basically the world is too large and the economy is beyond any government's control. Over the past 15 years, the PAP itself has repeatedly told you so. Every time the economy runs into trouble, the PAP will unfailingly blame it on "external factors". The ailing US economy; the rising costs of oil; the ever-increasing competition from China and India, and so on. So it is quite clear that the economy is beyond its control.

(Of course, every time the economy is doing well, the PAP will claim credit and point to its own ingenious schemes and policies. But we all understand that. It's called politics - and PR and marketing are just part of the game).

To put it another way, a nation's economic growth and standard of living depend on a wide range of complex factors, and are way beyond the direct control of any single government, political party or human being (even if they occasionally like to pretend otherwise).

However, for the individual citizen, the first question can be rephrased into a more practical form - "Can you achieve and maintain a satisfactory income and standard of living, for yourself and your family?".

This rephrasing is important. It offers a more appropriate perspective. It allows us to move from feeling powerless, to feeling empowered. After all, it is not the individual's duty to compete with the world. It is not the individual's mission to defeat the planet.

The individual's main job is merely to learn how to look after himself and his loved ones. That is a much smaller and much more manageable task. It is also more sensible and more meaningful.

Remember that in the best of economic times, there are still poor people and there are still unhappy people. In the worst of times, there are still rich people and there are still happy people. In the most prosperous countries, there are still homeless folks. In the poorest countries, there are still millionaires (and billionaires).

Thus in the story of your own personal life, we may say that the state of the general economy is a sub-plot, but is most certainly not the main story. YOU are the lead actor in the story of your own life.

More later.

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