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In Singapore politics, Decoupling, De-risking and Dedollarization mean what? How about looking at it from the opposite side.

 

In Singapore politics, Decoupling, De-risking and Dedollarization mean what?

How about looking at it from the opposite side.


(In the West, especially the US, Decoupling means to end the economic relationship with China. Finding it hard to do it, De-risking is then invented to depend less on China.  However, the developing South also wants to do de-risking by relying less on US dollars, with the ultimate aim of decoupling the dollars.) 


Decoupling in Singapore politics can mean a PAP man resigned from all his official positions and party membership.  So that he can stand in the Elected Presidential election as an independent candidate.


Decoupling in this case means he is a free man with an independent mind, a fresh start without historical background. He has cut all his relationship with the PAP.  


Like the case in the West, a total Decoupling is not possible, not logical and not workable.  But the Election Department, government and many Singaporeans believe the Decoupling is valid and effective.


Once the Decoupling issue is settled, there is still a risk factor to consider should there be a presidential election. The most effective risk free consideration is walkover.  The next less risky option is multi-corner fights, like in 2011. If not, a very good, highly regarded candidate versus a less known, low reputation individual will do a De-risking, like the first PE.  


How can ‘dedollarization’ fit into Singapore politics?  Perhaps, think of a new term ‘de-PAPization’.  We are used to living in a PAP world.  Without PAP, we cannot grow,  we will not survive, our system will fail and infrastructure will be broken. 


‘De-PAPization’ means Singaporeans want to depend less on the PAP, so do the world depending less on dollars. Alternative currencies, alternative parties will emerge to do de-risking and finally decoupling from the dollars and the PAP.  

 

This is a picture from the ruling party.  What will be the opposite view? 


Anyone with no PAP link who is willing to stand in PE is a real Decoupling.  A non-walkover is a De-risking for the opposition.   Under the Constitutions, the presidential election is designed to be a ‘de-PAPization’, independent, free from politics, and benefits the people.  

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