Skip to main content

Does Dr Tony Tan really have the economic and finance brain for the coming crisis?


When the West is looking for China and India for solutions for their economic and financial problems, does Tony Tan have any knowledge about these two countries?  All we know about is his unimpressive performance at the GIC.

We know Goh Chok Tong knows something about India and Lee Kuan Yew is recognised by the West to be a Chinese expert.  But there is no mention of Dr Tony Tan having any special knowledge on these two countries.  In the TOC’s Face to Face, he even could not remember a famous phrase of Mao and quickly pronounced he was not a …

For the past 30 years, Dr Tony Tan is associated with the economic success (as well as the setback) of Singapore. We are one of the most successful models for capitalism in the world, even the west is very envy of us.  Our latest attempt to boost our economy is still a continuation of western model and will result to even bigger gap between rich and poor.

The West now acknowledges the shortfall of their economic strategies and options of the past and is looking for new solutions, including inputs from the East and Latin America

New model for Singapore but can he contributes?

In his speech at SMU Dr Tony Tan recognised that Singapore has reached a level that we need to seek new model and route for our economy.  However, his western trained knowledge in finance and economic may not be suitable for future Singapore.  Instead, it could be an obstacle and provides wrong advices just like what he did in the GIC.

He said he was an experienced hand in the financial world and claimed that he would be the best candidate to handle an economic storm.

“With my background in these areas,” he touted, “and with the knowledge which I have of the financial market, and the global economy, I believe that I will be able to make the contribution to and help the government and the ministers…to understand the situation better because I worked in these fields for the last 20 years.”

His offer at the lunch rally is another western solution

He is going to speak at the lunch rally on economic situation and jobs.  Again, from the western perspective, I think and I believe.

Do we still need an outdated western model to solve today’s economic problems?

And even you want to go back to the fundamental, for Dr Tony Tan, his fundamental is his western education.  No wonder he only knows how to invest in the USA, however, even his US investments do not generate good income for Singapore reserve.

So when the wave is moving to the East, how can Dr Tony Tan help Singapore to benefit from the wind change?  If the government takes his advice and the reserve will 输得更惨 (loses even more money).

Dr Tony Tan’s strength in economic and finance after all is not a great deal and Singapore will not benefit for having him as President.  Furthermore, he is only professionally trained in physics and mathematics.

A western trained economist with the understanding of the East can give and provide better solutions to Singapore, not Dr Tony Tan if we really need one.

However, within Singapore, we need to look for a caring President. It is better for voters to put on a pair of glasses to look for a heart – a missing heart hiding some ways in the past 50 years. 

Comments

Popular posts from this blog

Sub-standard PAP and the Singapore education system

I make a 'policy shift' when I hear the debate of right politics, constructive politics and sub-standard opposition. My original aim is to discuss about “Su Dongbo, Zhang Juzheng and Singapore education system”. The discussion will end with a sub-standard PAP, in particular from the assessment of the quality of PAP potential candidates. Another policy shift is to discuss it like a play, a drama and make it more entertainment rather than a sub-standard political discussion. Act 1 Gangster’s demand Imagine a sense in the Hong Kong's gangster movie (or a godfather movie), the gangsters' master is shouting at his poor opponent and demand him to give a price for his wrong act. The poor guy without any resources can only offer his body or his service to work for the master. Back in his own chamber, the master is still not satisfied and continues to shout 'don't play, play, you think you are hero, you think you are tiger, or superstar or acting

因为有比较, 才知道做得不够, 才明白什么叫做易通。

  因为有比较, 才知道做得不够, 才明白什么叫做易通。 如果只有一套解决方法,很难看出好坏,方便还是不方便,易通还是不容易通。用新方法代替旧的系统,人们当然会做比较,尤其是科技产品,使用的人很多,一用就马上看到结果。 这是一个竞争的世界,即使一党独大,也要考虑到便民。当人民觉得不方便,不好用,不易通,就会反映,发声,不满。为什么没有预先想到,最可怕的是测试时,已经接到反应,还是不加改善。或许,行动党还抱着“令伯”最大,用者自行解决问题。 易通公交收费系统的整合,似乎缺少一种人文,沟通,反而更加多表现出政府的独断独行。尤其重要的是,如果只有一套系统,我们是看不出问题,做不出好坏的评价。 这其实证明国会里不可以只有一把声音,没有比较,没有进步。

After 60 years, after 3 failed political imaginations, the PAP is deteriorating...