Lessons from the UK, what does a bankrupt country look like? It is the long-term failure of the political elite.

 Lessons from the UK, what does a bankrupt country look like?  It is the long-term failure of the political elite.

Look at the UK, we now have a real life example of a long-term failed government from both the Conservative and Labour parties.  Singapore is much better in many areas than the UK. But sustainability is always a challenge in Singapore, whether it is ‘fiscal fantasies” or “growth over development”.  

The PAP government always warns Singaporeans not to use reserves unnecessarily, otherwise, we will be a bankrupt country.  You hear this every time you ask for transparency, check and balance in and outside parliament.

So, what does a bankrupt country look like? The new labour government in the UK declared their country is “broke and broken”.  It is a failed state with many problems. The new government can easily blame the previous Conservative government. Is this true and fair?  

The political elite from Cambridge or Oxford have been running the government for so many years. Why can’t they see their problems? Some of them, Singapore also has, like jobs, immigration, cost of living, international rule based orders, etc.