PJ is being a hypocrite and you don't realise it. He has an "elite" education (paying to use Oxford library and not a graduate), and will be lording over citizens if Opposition gets voted in. What makes you think you will be given privileges in his world? Furthermore, he is the one living in private property, driving luxury car, in fine clothes, earning high wages from telling lies on RUclips and other social media. You don't think PJ is the hypocrite? And you are the stupid fool swallowing his fearmongering?
@@scbchong6964 Ok, the saline point u made that makes or breaks for a hypocrite is the following: 1.living in a private property, 2. driving luxury car, 3. wearing fine clothes 4. earning high wages 5. Telling lies (that you need to pt out what they are) The 1st 4 pts can really get you into serious trouble with our elected politicians. Man, you really have a serious chip on your shoulder on the elites who happened to run the country.
@@mindtwister1984 Don't be silly. Govt does not throw citizens in jail for owning private property, nice car, fine clothes or earning high salary. The issue is that citizens who are complaining and anti-PAP need to be less hypocrites. ie. blame govt for their unhappy hard life while quietly accepting all the subsidies and great lifestyle choices and freedom available. Also, don't you think you should give less credence to hypocrites like PJ Thum? He was a scholar and from elite family, the very attributes which Opposition supporters love to hate. Yet in your infatuation for a "anti-pap hero", you give him overblown credence. What rot.
A new insight into our economy for all thinking Singaporeans. How we got into this mess, who is responsible and what we must do to chart a new course. PJ, I dare say you are the man whose time has come. Thank you for sharing.
"you are the man whose time has come"... Are you so gullible to swallow PJ's deception, exaggerations and lies? Why never ask him about how citizens suffer from lack of choice, lack of freedom under nationalised economies? Do you have the stamina, and grit to seek work and live anywhere in the world? Citizens are free to do that. Citizens are free to invest in listed singapore companies, and citizens can work for any private or public sector organisations. Why PJ avoid to discuss the personal responsibility of citizens?
Thank you for this video. Got enlighten by a new perspective of our past economy. I believe it is truly important that we understand the past so that one will make the correct decision for the future.
A "new perspective"? What PJ is asking for is singapore to nationalise all industry and turn to pure socialism. You will not have a choice in jobs, products or lifestyle. Easy for him to talk nonsense from his elite life with private home, luxury car and fine clothes and pseudo-elite education. Do you really think you will be given privileges if Opposition takes over govt?
@@scbchong6964 LMAO I actually wasted my time asking this guy to provide citations for his claims in an earlier post. Now seeing him continue the spam multiple times in just this one video alone. Wasting my time expecting logic from this moron sigh
@@KevGoesRiding Just because someone attacks pap govt with lies does not mean you swallow what he is shovelling. Just because he pose as anti-pap does not mean he is more moral, more right. It only means you are more stupid for putting your trust in his rhetoric.
You never fail to amuse me with your witty ‘tongue in cheek’. I thot I’m good but you’re better especially those cut-in humorous and apt clips. Kudos fellow concern Singaporean’s. I’ve finally found reason to vote alternatively. 👍👍👍👍👍👍
Enjoyed your video. Very well articulated and point were succinctly explained. I agree there are always some drawbacks and sacrifices we made for whatever policies we embraced. Does the ends justify the means? Do we sacrifice long term objectives for middle term gains? I guess the country did well for the last 50yrs to quickly achieve one of the highest GDP per capital income in the world. We did that at the expense of personal freedom and expression, political depth, and as you mentioned many local entrepreneurs were sidelined in favour of global capitalist. We paid a very heavy price for the collective good and overall national ranking. I believe Singapore has arrived for wider political perspective and discussion. More exciting, daring and innovative ideas that are not always subjected to the party whip. A more mature and diverse political landscape would definitely bring more vibrancy and ideas if we really want to compete in league of nations.
Are you mad? PJ is not "insightful". You want a closed economy and work in factory to produce everything? No choice, no quality, lowest wage? What makes you think you will be exempted and given privileges if Opposition becomes govt?
Lol a closed economy does not mean anything bad or good intrinsically. It is just a closed economy. A closed economy means greater social equality but less product choices (North Korea) while an open economy means greater inequality and more choices (South Korea). And why are you here all the time? An internet brigade hired by PAP to steal PJ's fans.
hi dr PJ. I don’t know if you will read this, it is uncharacteristically lengthy. But can i just say, I am only a student of the sciences but I have gotten more invested into politics after watching your videos. I think it is because no matter how you have been treated by establishment, or the attention you’ve received both good and bad, you are at core a historian, in my opinion the most pure of the humanities. I am able to draw a parallel that history is to law what physics is to engineering. Tell the story as it is, provide the requisite knowledge in full, unfettered form. When either side, opposition or ruling paints their own narrative to us, while conveniently ignoring each other’s challenges in trying to influence us, that to me is an insult upon the reasonable man’s intellect. We are organisms reacting to stimulus - heat moves spontaneously in response to a temperature differential. By telling the story as it is, you also show the PAP’s challenges in response to problems they faced instead of a simply resorting to anecdotal evidence of the “common man” as some of the opposition members that incidentally I notice you’ve interviewed. Consequently, telling the story from all narratives(as good history seeks toachieve) likewise also what the opposition is effectively addressing. You have my respect and will form a good role model, I do hope you will continue to maintain this standard of integrity. I do not mind the snarky anti-establishment undertones given how you’ve been treated as it seems fair, I do not think the average joe would form premature opinions solely based on that. Keep telling your story from the new narratif, which really is the old narrative of all narratives - that of mother history.
The BEST CANDIDATE for the MINISTER for EDUCATION in Singapore is DR PJ THUM.....period......and he should also be nominated for recognition by Pulitzer.Org.............
If all the capable and talented Singaporean like PJ Thum, which there are many are allowed (not suppressed) to contribute to the success of Singapore, Singapore would not be degenerated to such a state toward North Korea type of prosperity (PM Lee H L favors such rule as he mentioned publicly when Chairman Kim met with President Trump in Singapore).
Dr. PJ Thum, why not do a series on the individual old PAP nation builder? I think we owe them a proper place in history. Far too much had been focus on LKY and it has become a myth.
K Shanmugam when foreign money funds opposition: "They should not be in business interfering with the politics of Singapore and thus must be stopped at all costs!!!" K Shanmugam when foreign money funds anything else in Singapore: "Thank you for your part in making Singapore..."
You have also incidentally benefited from the system where you can also hv an education overseas.One of my friends is a former scholar that hv oso benefited from the system hv an good education in GB came back to Spore to work.. got disillusioned after a while. Finally he uprooted and seek PR in NZ-a country that discriminates against non-citizen job seekers. He came back after many years and got immediate employment after a month.
Thank you! It's really important to give back to my country and my people who gave me so much, and I'm very conscious of my privilege. That's why I fight so hard for a better Singapore. - PJ
BASED ON THIS ANALYSIS WHAT IS THE MORAL OF LESSON ON FOREIGN FUNDINGS ? ? ? ? FOREIGN FUNDING CONSEQUENCES :: 1) FOREIGN COLONIZATION 2) LABOUR EXPLOITATION 3) ASSETS PROFITEERING 4) RESOURCES EXTRACTION 5) JOBS DISPLACEMENT 6) INFRASTRUCTURE OVERLOADING 7) SYSTEMS STRAINS 8) DOMESTIC DISCRIMINATION
I think it’s good to give some credit to pioneering Politicians and pioneers for today’s success. But their system has declined, veered and skewed from its original ethos and spirit. What’s alternatives do you have addressing the CPF retiring account at 93? How can we help the above 80s medical bill and daily living? Can or should alternative absorb all medical expenses for those above 80s+?
I mostly agrees with what PJ says but 1 question. Won’t reunification with Malaysia forces a richer Singapore to direct our hard earned incomes to Kuala Lumpur instead? Won’t that drain us dry financially?
Given that Singapore would probably control the balance of power in a reunified Malaysia, and thus pretty much be in charge, why would we do that to ourselves? - PJ
I think what is missing is our Cabinet is dominated by people from the civil service and armed forces. That is our crucial weakness.They are administrators, not wealth creators. Very efficient but not so good in creating something from nothing. We need people who created and run large companies to be ministers.
Nonsense. There are hundreds of listed companies for citizens to work in. Citizens can work and live locally and overseas too. If you are good, you would have created Grab or Razer by now. So plse stop the excuses looking to blame the govt. The ministers have already built the infrastructure and laws so that able and willing citizens can earn millions for themselves if they have the talent, the determination and grit. It is a case of personal ambition, determination and stamina, right? You vote in Opposition, and you get promoted overnight? Opposition will increase your salary? Opposition will make you more skilled and talented?
Can you please do an episode going into more detail on CPF and neoliberalism? You also mentioned this in a previous episode about debt but I would like more details! As a young Singaporean I don't have the context to understand why CPF inspires so much passion in Singapore.
Thanks for the comment. To answer your second point first, it's fundamentally a very emotive issue for older Singaporeans because it represents our savings from an entire lifetime of work. So imagine working your whole life, with your salary withheld by the government, only to be told as you reach retirement age that they won't give it all back to you. Older Singaporeans also easily remember a time when your CPF was given entirely back to you at retirement age. It's unfair for the goalposts to shift, especially just when you are reaching the end of your working life. For your question, though, I'm hesitant to go into detail about CPF because it is incredibly complicated. There are so many different schemes and plans and outcomes, not all of which are bad. It's difficult to explain easily. That's why I prefer to focus on the broader principles - lack of transparency, lack of accountability, lack of input into political decisions - rather than the minutiae. That's a neverending rabbit hole. I suppose I could talk about the broader history of the CPF in a future episode? Let me think about it. Thanks for the feedback!
PJ is being deceptive and lying. re: 'salary withheld by govt'. This is incorrect. All citizens also have their take home pay to save a portion of. How irresponsible to go through adult working life without saving and investing? re: 'won't give it all back to you'. Wrong. At 55 citizens can withdraw a large sum. They can choose how much to leave inside CPF to earn interest and then after 65, get paid a monthly sum until death. There is also your personal savings for you to use. re: 'unfair for goalposts to shift'. PJ demands that govt do not adapt to the world economy. That is unsustainable and robbing the future. Your generation. The CPF interest rates and the v.1 lumpsum withdrawal had to stop in the late 80s because citizens were less productive than their inflated wages. PJ is trying to avoid the discussion about how the younger generation of citizens like you will be broke, if the older generation had been allowed to enjoy unsustainable interest rates and lumpsum withdrawals. PJ is very hesitant to draw conclusion that it is mostly citizens' personal responsibility to adapt, and family/community obligation to have personal savings too. What is his agenda for trying to shame and embarrass PAP govt constantly?
@@scbchong6964 What Singapore need is a few big MNC like Creative to help make sure foreigner investment is not the only source of income. However, this model is not a quick fix, need many years to make sure the company can survive. Lets say 30% of the few thousand MNC HQ in Singapore is a Singapore company base in Singapore, we won't be needing so many cheap workers, no need to have such low tax on companies. The normal person is being TAX high, HDB is expensive for no reason(wtf land cost is added in?). Why do we need to keep upgrading to no ends? "Old" people in big MNCs are holding on to High paying jobs they don't deserve, asking solution from younger workers without mentoring them.
@@zhenhangwang7304 re: .....What Singapore need is a few big MNC like Creative to help make sure foreigner investment is not the only source of income...... Your comment show that you don't know much about economy or doing business. What about other sg companies such as SIA, DBS, ST Engineering, SembCorp, Keppel, SingTel, UOB, SMRT, ComfortDelgro, Venture, etc? Newer ones like Razer? The real issue is how many complainers like you bother to work for these companies. Are you able and willing to work for these, and use your talents and skillset to rise in the company? All the citizen taxi drivers talk so much but how many of them created Grab, or even joined their technology development team? How many have the smarts to be on the middle-management team? re: .....Lets say 30% of the few thousand MNC HQ in Singapore is a Singapore company base in Singapore, we won't be needing so many cheap workers, no need to have such low tax on companies. ..... You are wrong. Singapore citizens who are able and willing already fill available jobs that is why unemployment is so low. There are more jobs than able and willing workers. Companies want to set up in singapore and your Opposition suggest to limit their growth? They will tell you to fly kite now that SE asia and China general education levels have also risen. You thought solution so simple? And what about yourself and your other Opposition supporters. What is your talent and skillset level to be able to beat the competition? Even you kick out all foreigners, you still need to compete against the best citizens for the best jobs, right? re: .....The normal person is being TAX high, HDB is expensive for no reason(wtf land cost is added in?)..... Wrong. The average citizen pays very little income tax or property tax. GST is everyone pays and costs more if you have expensive lifestyle. As for HDB, the land cost includes the cost of getting the surrounding infrastructure to liveable, usuable state ie. roads, utilities, leisure spots, car parks, public transport, etc. Opposition govt builds only the standing HDB block in middle of jungle, you want to buy? re: .....Why do we need to keep upgrading to no ends?..... So you believe PJ when he promise you the soft option? Do you really think you vote in Opposition govt and suddenly average or mediocre workers will be promoted and paid higher wage? You vote in Opposition and suddenly better educated and more motivated citizens from china won't compete with you? Suddenly angmo boss in MNC will give you chance and promote you based on your handsome face? re: ....."Old" people in big MNCs are holding on to High paying jobs they don't deserve, asking solution from younger workers without mentoring them...... That's just an excuse. If you value the job, enjoy the work, you will find ways to excel and upgrade yourself. And rise to excellence. The PAP govt never stop you from starting your own business to service MNC in roles which you excel in, right? The issue is why Opposition supporters like yourself think that just voting in Opposition MP will solve your problem of lack of talent, skillset, motivation, stamina, grit, determination, patience, risktaking. You vote in Opposition MP, the chap already starts making 12k per month, while you will continue to grumble and complain about not being able to land a good job. For 4 years he earns 12k per month, while what have you achieved in the 4 years?
@@scbchong6964 The companies you listed most are GLC, owned by Temasek holdings. Most cannot survive without tax payer money. Razer is not even in SG. The land cost is not used to build Roads, utilities, leisure spots, car parks, public transport. Its not like I buy HDB I get free Carpark, free public transport, free utilities. Why last time land cost is not added in? Roads building cost comes from Tax Singaporean pays. Beside, why PR can buy HDB and why is it pledge to market price? unemployment is so low because they take PR/Singaporean as standard. Those that are unable to find Jobs within 6 months are taken away from stats. I vote in doing nothing PAP MP also earns 12k per month. At least I vote in Opposition MP, can make sure PAP have some fear. "Old" people in big MNCs that are good, I have no issue. But, there are far too many "old" people that belittle fresh grad, go home on time, not doing any value work, and earn lots more. Seen to many "Old" perm stuff that ask OSV to do work while onself chit chat with colleagues or disappear. They are not fired because of retracements benefits. Ask them for help they have tons of excuses. Many MNC is shifting out due to Singaporean becoming expensive. Its has been 50+ years, and we still holding on to foreigner investment model instate of relying on ourself? What if one day all investment go Indonesia? DBS, is hiring CECA and is of no benefit to normal Singaporean.
On the same day, Dr Thum posted on Facebook a photo of the meeting, adding that he urged the Malaysian premier to “take leadership in South-east Asia for the promotion of democracy, human rights, freedom of expression, and freedom of information”. The following day, on Malaysia’s independence day, Dr Thum wrote on Facebook: "Selamat Hari Merdeka to the people of the former Federation of Malaya! (and happy unofficial independence day to the people of Singapore!)" Read more at www.todayonline.com/singapore/i-love-my-country-im-not-traitor-thum-ping-tjin
22:00 pls elaborate more on the empirical evidence that shows welfare states are fiscally sustainable in the long run and people dont take advantage of it, or that people are overall better? is it even possible to measure this? the PAP's assertion is intuitive and makes sense to most fiscally conservative singaporeans. to subscribe to a welfare state would mean higher taxes and spending. what is the counter argument/proof that this would work?
A better domestic industries and minimally dependent on foreign investment in the long run would enable a better welfare system for genuine cases. Currently, the social assistance payout is hardly sustainable for people with genuine cases.
1. Every country tries to attract foreign workers to fill in labor gaps, not just Singapore. In order to take your claims seriously, you would have to cite data showing SG's migrant laborers suffer injuries/deaths at higher rates than should otherwise occur. 2. You mention SG's status as a port allowing opium and drugs. But every Asian port allowed--or was forced to allow--such trade by European colonizers, probably due to the high margins and high demand of such products. What is remarkable about SG is that its police force managed to drive out the drug mafia, which neither USA nor Hong Kong has accomplished. 3. Re: foreign media funding, you correctly identify the exploitation potential by foreign capital but fail to apply the same analysis to the media issue. (To be clear, I am NOT making any statement about how New Naratif is funded.) Though not as educated as you, I have noticed that historically, when coups occur, a top objective is to take over the radio/TV stations and distribute biased propaganda. This dynamic seems to indicate that ruling parties everywhere are right to be concerned about bias or potential distortions in their media. 4. Every single country desires FDI (foreign direct investment), not just Singapore. What is remarkable about SG is that it has managed not only to attract FDI, but has actually abandoned key elements of Western finance (such as M1, M2, etc.) and paved its own way. Today, no reasonable person believes MAS has failed to consider the needs of all Singaporeans, and PM Lee delivered a recent speech promising to "leave no Singaporean behind." 5. An astute viewer will notice that most of your complaints re: lack of due process relate to the turbulent 1960s. At the time, almost every single country in the world was caught between USA's and Soviet Union's battle for influence. We now know SG chose wisely. Whereas Indonesia's Suharto--also USA-backed--may have been responsible for allowing numerous murders of socialists/Communists, LKY famously said he never killed anyone--he only fined or imprisoned them. IMHO, we must consider LKY's actions in the context of events in Vietnam and Indonesia, not just SG. 6. Again, I am not as educated as you, but I could only watch the first 13 minutes of the video before losing interest. Too much is taken out of context. Though your knowledge of SG history is tremendous and superior to mine, you may want to study the history of other SE Asian countries and ask why SG continues to be the most successful country in SE Asia in terms of general social welfare--at least as of 2020. (June 2020)
Do you have a job? What PJ is calling for is nationalising all industry and pure socialism which means you get no choice in jobs, products or lifestyle. Are you stupid?
@@scbchong6964 stop being a troll lmao what a waste of your time. either way, many of SG industries were nationalised such as the energy market and only recently 'let go' by the PAP. Nice try. CB must have given you so much time. Student or unemployed? 😂
@@nature.mallow1242 You are the one talking rubbish in your infatuation with looking for an anti-establishment "hero". PJ ain't the one. DBS listed decades ago. Shipyards were privatised or listed in the late 80s. SIA never nationalised. Utilities only recently because of critical nature. Citizens can buy shares in SBS and smrt and taxi companies. NTUC Fairprice hires willing and able citizens and foreigners at market rate wages. It was the stupid Opposition parties which continually want to privatise the armed forces. Overall citizens who are willing and able can apply for any public for private sector job. I think it is you who don't hold a job and dependent on Opposition to lift your unhappiness. So are you the one unwilling or unable? The real issue is poor-quality citizens like yourself, not anything wrong that the PAP has done.
@@scbchong6964 I know u are extremely pro-PAP but hear this out: Facts drawn by newspaper are facts. Opinions from facts may differ. Thum might used extreme words and say almost nothing good about PAP *but the articles that he pointed out are still facts*. nature.mallow did not talk about anything about his stand and just said one fact about the energy market and u listed a bunch of semi-true opinions with ur own personal pov and u also brushed his/her point away just by saying "Utilities only recently because of critical nature." Is he/she supporting the opposition? I don't know. Is he/she jobless? I don't know. But there u here assuming his/her state of living and defining him/her as "poor-quality citizens" You must consider urself as "high-quality citizens" then. Saw ur previous post about Thum is being an "elite". How different are u from Thum when both of u are at the extremes? A productive debate comes by when both views are not biased. Since when Thum said nationalise *all* industries (put stampcode pls) and why pure socialism means " no choice in jobs, products or lifestyle."? Nazi Germany have tons of job for its citizens, have choice of lifestyle and various products sold, Soviet Union have them too. Heck, even in the current world, countries like China (even though not pure socialist or nationalist) have the similar types of jobs and in fact even more types than countries like the USA. A lot of people say people in China have no life, but if u been to China, people does the same thing as people in Singapore. What u had presented is a definitive statement and there will be alot of counters to that. Without substanitation and just blabbering your points out will bring no good to the discussion at all for Singapore's politics.
@@xmaslzq2892 Ask yourself why PJ needs to be deceptive and lie while trying to find fault with pap govt? Isn't he taking younger and less informed citizens for fools by exaggerating and lying? What is his agenda? Since you surely ascribe to freedom of speech and expression, you also have to accept responsible behaviour when making statements. I also have the right to point out PJ's deception. It is a fact that citizens can invest in listed singapore companies, and can work for any private or public sector company/organisation. They can even travel the world to find work. It is a fact that those singapore companies are listed. re: "Nazi Germany" "Soviet Union". You are a fool if you believe they operated like singapore open market economy. You are stupid if you think the citizens were enjoying life then, and sg citizens are worse off due to PJ's imagined evil pap govt. You really think citizens can work to produce high quality substitutes for all imports products and services? How good of a towkay are you?
I disagree that CPF is a Pension Fund.It's our enforced savings which we were to take back when we reached 55 yrs old but this was unilaterally change by the S'pore Govt.Pension Funds are funds citizens are paid by their Governments when their reached reirement age.
Do u know also...that in the 70s u enjoy the growth + u - that is how your parent send u overseas for high education whereby u enjoy - is that how u repaid your parent and your country or should i say your birth place ?
@@zhen86 look at China, if foreign investment leaves China due to China being too expensive, many people will be jobless. Singapore use this model for far too long. If foreign investment suddenly decided that Indonesia is the better place to invest, we will be doomed. CECA are able to take advantage of us because PAP needed the investment from the foreign investment. How many MNC is a Singapore company? 1 or 2? or 0? The only one I know of is failing and government hated the founder.
Singapore must be wary of the diplomatic relation with United States of America. The same can be said of other super powers in order to remain truly non-aligned and neutral. However, diplomatic relation with USA has to be more worrying because this is the only superpower who will not hesitate to put Singapore on America's hot plate to choose between being an ally of USA or being an ally of China. Singapore will be labelled an unfriendly nation to USA as long as Singapore chooses either being an ally of China or even staying neutral. USA was supposed to be a great and benevolent nation which America's founders aspired. Unfortunately, American politics have moulded America's foreign policies to be extremely scary. Sigh
Singapore is the 3rd richest country in the world with 0 debts. Our graduates are the best paid amongst the 4 Asian Deagons - our graduates are paid $4200 as compared to Taiwan @ $1500/month. Our students are the best, 2and busiest port, clean, green and safest, best airport, ranked 4th in financial etc.... fortunately we have no Najib in Spore, no Prata Mahathir but sadly, we fo have some Singaporean who love to poop in their own garden.
We needed Testers like PJ Thum to keep the System Clean. Do u want Another Dorm. with lots of Corona Virus Infections that caused the Lockdown of Singapore.
BY 1930 SINGAPORE WAS ALREADY THE RICHEST COUNTRY IN ASIA AND RICHEST CITY AFTER TOKYO ! ! ! ! CREDIT TO THE BRITISH ? ? ? ? WOW ! THAT WAS FOREIGN FUNDING ? ? ? ?
WHAT IS THERE TO UPGRADE ? ? ? ? WHEN SINGAPORE HAS NO HIGH TECH JOBS ? ? ? ? SINGAPOREAN APPLICANTS HAD ALWAYS BEEN ADVISED BY FOREIGN RECRUITERS USING THE ONLY EXECUSE "YOU ARE OVER-QUALIFIED " MOST SINGAPOREANS NOT FULLY EMPLOYED ARE OVER-QUALIFIED # # # #
You cannot say that "we still never developed a viable domestic capitalist entrepreneurial class as was the case in the rest of developed Asia (19:53)" when 2/3 of employment in Singapore is being generated by SMEs contributing up to $200b out of $360b of GDP. Or do GLCs like Temasek, Sembcorp, Keppel not count as your definition of domestic capitalist entrepreneurs?
Hi, thanks for your comment. SMEs provide roughly similar shares of employment and output in developed countries. The question of whether they are a significant capitalist entrepreneurial class depends on how important and competitive they are in the global arena. Compare, for example, Taiwan, Japan, Korea, Scandinavia, etc. and their domestic capitalist class. Singapore's state-owned enterprises (or "GLCs" as we call them) are generally not successful enough to compete with this class. In some specific cases, like SIA or DBS or Sembcorp, yes; but overall, our local enterprises are too narrow, or bureaucratic, or outdated, or inefficient, to form significant industrial or economic capacity compared to the other countries above. - PJ
You have to keep in mind also I'm making a political economy argument (which is one general theme of my videos), and so it's also about the political consequences of the trade-offs that are inherent in our policies. So one question to ask, for example, might be, can Singapore's domestic capitalist class provide sufficient leverage to improve Singapore's negotiating position with international capital? - PJ
@@NewNaratif I am honoured to have elicited the longest response here. Two even. In your list above, our small domestic population places us less than half the size of the smallest administrative unit, i.e. Denmark. I struggle to imagine a Singapore able to negotiate on equal terms with international capital in the way you imagine. I cited the above GLCs because I see them as successful in their own right - telecomms, defence, oil rigs - here we are quite certainly playing amongst the big boys, which given our small population, makes us punch above our weight. These industries also typically require state backing in order to bargain. Since you appear to be inherently averse to government control, non-government entrepreneurial developments which place us on the map would include the likes of Far East Organisation, Wilmar, Grab, Razer (should I mention Hyflux, Creative?), You set a tough order to fulfill. Domestic, but cannot be related to establishment. We have a domestic cohort of ~40,000 live births per year. How large should the entrepreneurial class be, if the best have already been skimmed off by MOE before the age of 12? How should the non-entrepreneurial class be organised, since the number of local jobs created outpaces the birth-rate? I would also make a strong argument for pro-natalist policies. Everyone is interested in the economy, but no-one, government or personally, wants to put a wager on the Singaporean core.
@@NewNaratif PS: Merger doesnt work as long as monetary and fiscal policy do not align. Let's start with thinking through what merging the two pension systems would look like.
Notice how PJ exaggerates and lies to try to find fault with pap govt? He also needs to pin all blame on pap govt so that Opposition supporters don't reflect that it is their personal responsibility and family community obligation to make a good living. pap govt has always given them the infrastructure and the tools. For some reason, it is Opposition supporters who demand that they be spoonfed a good lifestyle by the Opposition. So the clowns like PJ have to demonise the pap govt and make those supporters dependent on the Opposition. Hooked on empty promises of a better tomorrow.
It is a necessity as it is a introduction to who he is (lest his adversary try to discredit him again) to those who don't know who PJ is just like any beginning of a movie. BTW, you have the freedom will to skip it.
It's sad that the shortcomings of Singapore are often swept under the rug, thank you for this eye-opening video.
thank you for taking the time to make these videos, PJ. more people need to be aware of the PAP's hypocrisy
PJ is being a hypocrite and you don't realise it. He has an "elite" education (paying to use Oxford library and not a graduate), and will be lording over citizens if Opposition gets voted in. What makes you think you will be given privileges in his world?
Furthermore, he is the one living in private property, driving luxury car, in fine clothes, earning high wages from telling lies on RUclips and other social media. You don't think PJ is the hypocrite?
And you are the stupid fool swallowing his fearmongering?
Thank you! Glad you are enjoying the videos. - PJ
@@NewNaratif Glad that you also know how to ignore haters and keep going!
@@scbchong6964 Ok, the saline point u made that makes or breaks for a hypocrite is the following:
1.living in a private property,
2. driving luxury car,
3. wearing fine clothes
4. earning high wages
5. Telling lies (that you need to pt out what they are)
The 1st 4 pts can really get you into serious trouble with our elected politicians. Man, you really have a serious chip on your shoulder on the elites who happened to run the country.
@@mindtwister1984 Don't be silly. Govt does not throw citizens in jail for owning private property, nice car, fine clothes or earning high salary.
The issue is that citizens who are complaining and anti-PAP need to be less hypocrites. ie. blame govt for their unhappy hard life while quietly accepting all the subsidies and great lifestyle choices and freedom available.
Also, don't you think you should give less credence to hypocrites like PJ Thum? He was a scholar and from elite family, the very attributes which Opposition supporters love to hate. Yet in your infatuation for a "anti-pap hero", you give him overblown credence. What rot.
Very enlightening video. This is from a Malaysian.
If only history in school felt like this
Great history lesson which will never be taught in school
History is a tool of gahmen propaganda under the national education program to brainwash students into voting them when they come of age.
What so great? Any Tom and Dick can talk about history. How about your solution towards a better future?
A new insight into our economy for all thinking Singaporeans.
How we got into this mess, who is responsible and what we must do to chart a new course.
PJ, I dare say you are the man whose time has come. Thank you for sharing.
Thank you! - PJ
"you are the man whose time has come"... Are you so gullible to swallow PJ's deception, exaggerations and lies? Why never ask him about how citizens suffer from lack of choice, lack of freedom under nationalised economies?
Do you have the stamina, and grit to seek work and live anywhere in the world? Citizens are free to do that. Citizens are free to invest in listed singapore companies, and citizens can work for any private or public sector organisations.
Why PJ avoid to discuss the personal responsibility of citizens?
Thank you for this video. Got enlighten by a new perspective of our past economy. I believe it is truly important that we understand the past so that one will make the correct decision for the future.
A "new perspective"? What PJ is asking for is singapore to nationalise all industry and turn to pure socialism. You will not have a choice in jobs, products or lifestyle. Easy for him to talk nonsense from his elite life with private home, luxury car and fine clothes and pseudo-elite education. Do you really think you will be given privileges if Opposition takes over govt?
Thank you, glad you like it! - PJ
@@scbchong6964 LMAO I actually wasted my time asking this guy to provide citations for his claims in an earlier post. Now seeing him continue the spam multiple times in just this one video alone. Wasting my time expecting logic from this moron sigh
@@KevGoesRiding Just because someone attacks pap govt with lies does not mean you swallow what he is shovelling. Just because he pose as anti-pap does not mean he is more moral, more right.
It only means you are more stupid for putting your trust in his rhetoric.
You never fail to amuse me with your witty ‘tongue in cheek’. I thot I’m good but you’re better especially those cut-in humorous and apt clips. Kudos fellow concern Singaporean’s. I’ve finally found reason to vote alternatively. 👍👍👍👍👍👍
Excellent intro :) Always love it!
Thank you! - PJ
Thank very much. I don't have MBA but now I understood why CPF was cut from 25-25... and why so many FWs.
Enjoyed your video. Very well articulated and point were succinctly explained. I agree there are always some drawbacks and sacrifices we made for whatever policies we embraced. Does the ends justify the means? Do we sacrifice long term objectives for middle term gains?
I guess the country did well for the last 50yrs to quickly achieve one of the highest GDP per capital income in the world. We did that at the expense of personal freedom and expression, political depth, and as you mentioned many local entrepreneurs were sidelined in favour of global capitalist.
We paid a very heavy price for the collective good and overall national ranking. I believe Singapore has arrived for wider political perspective and discussion. More exciting, daring and innovative ideas that are not always subjected to the party whip. A more mature and diverse political landscape would definitely bring more vibrancy and ideas if we really want to compete in league of nations.
i always enjoy your insightful and succinct videos. thank you PJ! :-)
Are you mad? PJ is not "insightful". You want a closed economy and work in factory to produce everything? No choice, no quality, lowest wage? What makes you think you will be exempted and given privileges if Opposition becomes govt?
Thank you! Glad you like them. - PJ
If PJ is good and insightful, LHL would have inducted him long ago.
@@soonhengng1919 Hey Ma. Look a PAP supporter🤣
Lol a closed economy does not mean anything bad or good intrinsically. It is just a closed economy. A closed economy means greater social equality but less product choices (North Korea) while an open economy means greater inequality and more choices (South Korea).
And why are you here all the time? An internet brigade hired by PAP to steal PJ's fans.
hi dr PJ. I don’t know if you will read this, it is uncharacteristically lengthy. But can i just say, I am only a student of the sciences but I have gotten more invested into politics after watching your videos. I think it is because no matter how you have been treated by establishment, or the attention you’ve received both good and bad, you are at core a historian, in my opinion the most pure of the humanities. I am able to draw a parallel that history is to law what physics is to engineering. Tell the story as it is, provide the requisite knowledge in full, unfettered form. When either side, opposition or ruling paints their own narrative to us, while conveniently ignoring each other’s challenges in trying to influence us, that to me is an insult upon the reasonable man’s intellect. We are organisms reacting to stimulus - heat moves spontaneously in response to a temperature differential. By telling the story as it is, you also show the PAP’s challenges in response to problems they faced instead of a simply resorting to anecdotal evidence of the “common man” as some of the opposition members that incidentally I notice you’ve interviewed. Consequently, telling the story from all narratives(as good history seeks toachieve) likewise also what the opposition is effectively addressing. You have my respect and will form a good role model, I do hope you will continue to maintain this standard of integrity. I do not mind the snarky anti-establishment undertones given how you’ve been treated as it seems fair, I do not think the average joe would form premature opinions solely based on that. Keep telling your story from the new narratif, which really is the old narrative of all narratives - that of mother history.
Dr Thum,the videos you are making,IS THE REAL HISTORY.
(textbooks version is diluted n water down)
I just started watching your channel. It’s so interesting! 👍🏻
Although i can only like once, i smashed that like button about 543422746 times
The BEST CANDIDATE for the MINISTER for EDUCATION in Singapore is DR PJ THUM.....period......and he should also be nominated for recognition by Pulitzer.Org.............
If all the capable and talented Singaporean like PJ Thum, which there are many are allowed (not suppressed) to contribute to the success of Singapore, Singapore would not be degenerated to such a state toward North Korea type of prosperity (PM Lee H L favors such rule as he mentioned publicly when Chairman Kim met with President Trump in Singapore).
EXCEPTIONALLY BRILLIANT SUBSTANCE AND INSIGHT !!!!!!!
Im in minute 2 and already in stitches oooh the corruption is foreign too 😂.
A salute to Comrade PJ Thum
"comrade" PJ? Are you stupid? There is no freedom of speech nor action under communism for citizens. Are you insane or daft or both?
@@scbchong6964 Chill, dude. It's just a joke. Lighten up.
PJ you are realy good exposed more that many singaporean doesnt know.
Dr. PJ Thum, why not do a series on the individual old PAP nation builder? I think we owe them a proper place in history. Far too much had been focus on LKY and it has become a myth.
thum, u are really good...kekeke...keep it going...
Please stand as Independent candidate. Get blessing from Alternative parties views to stand as a Candidate
K Shanmugam when foreign money funds opposition: "They should not be in business interfering with the politics of Singapore and thus must be stopped at all costs!!!"
K Shanmugam when foreign money funds anything else in Singapore: "Thank you for your part in making Singapore..."
You have also incidentally benefited from the system where you can also hv an education overseas.One of my friends is a former scholar that hv oso benefited from the system hv an good education in GB came back to Spore to work.. got disillusioned after a while. Finally he uprooted and seek PR in NZ-a country that discriminates against non-citizen job seekers. He came back after many years and got immediate employment after a month.
Thank you! It's really important to give back to my country and my people who gave me so much, and I'm very conscious of my privilege. That's why I fight so hard for a better Singapore. - PJ
Excellent !
OMG! Good stuffs man!
The deadline of elections is shortening everyday. Will something shock them at last minute ? But there is pofma . Haha. Wulalala. Whahaha. Knn!
BASED ON THIS ANALYSIS
WHAT IS THE MORAL OF LESSON ON
FOREIGN FUNDINGS ? ? ? ?
FOREIGN FUNDING CONSEQUENCES ::
1) FOREIGN COLONIZATION
2) LABOUR EXPLOITATION
3) ASSETS PROFITEERING
4) RESOURCES EXTRACTION
5) JOBS DISPLACEMENT
6) INFRASTRUCTURE OVERLOADING
7) SYSTEMS STRAINS
8) DOMESTIC DISCRIMINATION
I think it’s good to give some credit to pioneering Politicians and pioneers for today’s success. But their system has declined, veered and skewed from its original ethos and spirit. What’s alternatives do you have addressing the CPF retiring account at 93? How can we help the above 80s medical bill and daily living? Can or should alternative absorb all medical expenses for those above 80s+?
SG comedians are WangSa and YeFong. The dynamic Duo. I spotted a YeFong successor. He likes to say SiaSuay daft suckers and KangKong.
PROFESSOR DOCTOR PJ THUM
THE SINGAPORE DA VINCI
FULL BRAIN TALENT
AN OLYMPIAN + AN ACADEMIC
A HISTORIAN + A THINKER
My god that was beautiful
looking forwards for ur next video regards to oxley road
Thank you! - PJ
I mostly agrees with what PJ says but 1 question. Won’t reunification with Malaysia forces a richer Singapore to direct our hard earned incomes to Kuala Lumpur instead? Won’t that drain us dry financially?
Given that Singapore would probably control the balance of power in a reunified Malaysia, and thus pretty much be in charge, why would we do that to ourselves? - PJ
NOW THEN
I KNOW AND UNDERSTAND
WHAT WENT WRONG WITH SINGAPORE
AFTER 1985 ! ! ! ! ? ? ? ?
This video is really good, to the point. Well done! But who is the man for reunification?
I think what is missing is our Cabinet is dominated by people from the civil service and armed forces. That is our crucial weakness.They are administrators, not wealth creators. Very efficient but not so good in creating something from nothing. We need people who created and run large companies to be ministers.
Very true. We need wealth creators and not administrators in govt..
Nonsense. There are hundreds of listed companies for citizens to work in. Citizens can work and live locally and overseas too. If you are good, you would have created Grab or Razer by now. So plse stop the excuses looking to blame the govt.
The ministers have already built the infrastructure and laws so that able and willing citizens can earn millions for themselves if they have the talent, the determination and grit.
It is a case of personal ambition, determination and stamina, right?
You vote in Opposition, and you get promoted overnight? Opposition will increase your salary? Opposition will make you more skilled and talented?
16:05 Floundered not Foundered. PJ for President!
Why are FT interfering and suppressing our wages?
The key is Election Agents
Wow. 5 ep in 1 mth since ep 1 2 yrs ago? Nice
It's because New Naratif finally settled in KL after running into legal troubles in SG. Good for them, I like their content!
@@tusharsingh4543 Thank you! Please do join as a member if you haven't already!
@@NewNaratif I'm a bit tight on cash atm, but I did buy your e-book from Amazon and am looking forward to reading it.
Can you please do an episode going into more detail on CPF and neoliberalism? You also mentioned this in a previous episode about debt but I would like more details! As a young Singaporean I don't have the context to understand why CPF inspires so much passion in Singapore.
Thanks for the comment. To answer your second point first, it's fundamentally a very emotive issue for older Singaporeans because it represents our savings from an entire lifetime of work. So imagine working your whole life, with your salary withheld by the government, only to be told as you reach retirement age that they won't give it all back to you. Older Singaporeans also easily remember a time when your CPF was given entirely back to you at retirement age. It's unfair for the goalposts to shift, especially just when you are reaching the end of your working life. For your question, though, I'm hesitant to go into detail about CPF because it is incredibly complicated. There are so many different schemes and plans and outcomes, not all of which are bad. It's difficult to explain easily. That's why I prefer to focus on the broader principles - lack of transparency, lack of accountability, lack of input into political decisions - rather than the minutiae. That's a neverending rabbit hole. I suppose I could talk about the broader history of the CPF in a future episode? Let me think about it. Thanks for the feedback!
PJ is being deceptive and lying.
re: 'salary withheld by govt'. This is incorrect. All citizens also have their take home pay to save a portion of. How irresponsible to go through adult working life without saving and investing?
re: 'won't give it all back to you'. Wrong. At 55 citizens can withdraw a large sum. They can choose how much to leave inside CPF to earn interest and then after 65, get paid a monthly sum until death. There is also your personal savings for you to use.
re: 'unfair for goalposts to shift'. PJ demands that govt do not adapt to the world economy. That is unsustainable and robbing the future. Your generation. The CPF interest rates and the v.1 lumpsum withdrawal had to stop in the late 80s because citizens were less productive than their inflated wages.
PJ is trying to avoid the discussion about how the younger generation of citizens like you will be broke, if the older generation had been allowed to enjoy unsustainable interest rates and lumpsum withdrawals. PJ is very hesitant to draw conclusion that it is mostly citizens' personal responsibility to adapt, and family/community obligation to have personal savings too.
What is his agenda for trying to shame and embarrass PAP govt constantly?
@@scbchong6964 What Singapore need is a few big MNC like Creative to help make sure foreigner investment is not the only source of income. However, this model is not a quick fix, need many years to make sure the company can survive. Lets say 30% of the few thousand MNC HQ in Singapore is a Singapore company base in Singapore, we won't be needing so many cheap workers, no need to have such low tax on companies. The normal person is being TAX high, HDB is expensive for no reason(wtf land cost is added in?). Why do we need to keep upgrading to no ends? "Old" people in big MNCs are holding on to High paying jobs they don't deserve, asking solution from younger workers without mentoring them.
@@zhenhangwang7304 re: .....What Singapore need is a few big MNC like Creative to help make sure foreigner investment is not the only source of income......
Your comment show that you don't know much about economy or doing business. What about other sg companies such as SIA, DBS, ST Engineering, SembCorp, Keppel, SingTel, UOB, SMRT, ComfortDelgro, Venture, etc? Newer ones like Razer?
The real issue is how many complainers like you bother to work for these companies. Are you able and willing to work for these, and use your talents and skillset to rise in the company?
All the citizen taxi drivers talk so much but how many of them created Grab, or even joined their technology development team? How many have the smarts to be on the middle-management team?
re: .....Lets say 30% of the few thousand MNC HQ in Singapore is a Singapore company base in Singapore, we won't be needing so many cheap workers, no need to have such low tax on companies. .....
You are wrong. Singapore citizens who are able and willing already fill available jobs that is why unemployment is so low. There are more jobs than able and willing workers.
Companies want to set up in singapore and your Opposition suggest to limit their growth? They will tell you to fly kite now that SE asia and China general education levels have also risen.
You thought solution so simple? And what about yourself and your other Opposition supporters. What is your talent and skillset level to be able to beat the competition? Even you kick out all foreigners, you still need to compete against the best citizens for the best jobs, right?
re: .....The normal person is being TAX high, HDB is expensive for no reason(wtf land cost is added in?).....
Wrong. The average citizen pays very little income tax or property tax. GST is everyone pays and costs more if you have expensive lifestyle.
As for HDB, the land cost includes the cost of getting the surrounding infrastructure to liveable, usuable state ie. roads, utilities, leisure spots, car parks, public transport, etc. Opposition govt builds only the standing HDB block in middle of jungle, you want to buy?
re: .....Why do we need to keep upgrading to no ends?.....
So you believe PJ when he promise you the soft option? Do you really think you vote in Opposition govt and suddenly average or mediocre workers will be promoted and paid higher wage?
You vote in Opposition and suddenly better educated and more motivated citizens from china won't compete with you? Suddenly angmo boss in MNC will give you chance and promote you based on your handsome face?
re: ....."Old" people in big MNCs are holding on to High paying jobs they don't deserve, asking solution from younger workers without mentoring them......
That's just an excuse. If you value the job, enjoy the work, you will find ways to excel and upgrade yourself. And rise to excellence. The PAP govt never stop you from starting your own business to service MNC in roles which you excel in, right?
The issue is why Opposition supporters like yourself think that just voting in Opposition MP will solve your problem of lack of talent, skillset, motivation, stamina, grit, determination, patience, risktaking.
You vote in Opposition MP, the chap already starts making 12k per month, while you will continue to grumble and complain about not being able to land a good job. For 4 years he earns 12k per month, while what have you achieved in the 4 years?
@@scbchong6964 The companies you listed most are GLC, owned by Temasek holdings. Most cannot survive without tax payer money. Razer is not even in SG. The land cost is not used to build Roads, utilities, leisure spots, car parks, public transport. Its not like I buy HDB I get free Carpark, free public transport, free utilities. Why last time land cost is not added in? Roads building cost comes from Tax Singaporean pays.
Beside, why PR can buy HDB and why is it pledge to market price?
unemployment is so low because they take PR/Singaporean as standard. Those that are unable to find Jobs within 6 months are taken away from stats. I vote in doing nothing PAP MP also earns 12k per month. At least I vote in Opposition MP, can make sure PAP have some fear. "Old" people in big MNCs that are good, I have no issue. But, there are far too many "old" people that belittle fresh grad, go home on time, not doing any value work, and earn lots more. Seen to many "Old" perm stuff that ask OSV to do work while onself chit chat with colleagues or disappear. They are not fired because of retracements benefits. Ask them for help they have tons of excuses.
Many MNC is shifting out due to Singaporean becoming expensive. Its has been 50+ years, and we still holding on to foreigner investment model instate of relying on ourself? What if one day all investment go Indonesia? DBS, is hiring CECA and is of no benefit to normal Singaporean.
On the same day, Dr Thum posted on Facebook a photo of the meeting, adding that he urged the Malaysian premier to “take leadership in South-east Asia for the promotion of democracy, human rights, freedom of expression, and freedom of information”.
The following day, on Malaysia’s independence day, Dr Thum wrote on Facebook: "Selamat Hari Merdeka to the people of the former Federation of Malaya! (and happy unofficial independence day to the people of Singapore!)"
Read more at www.todayonline.com/singapore/i-love-my-country-im-not-traitor-thum-ping-tjin
Example. Shipyards and construction sites.
the shade of it all
More videos pls
22:00 pls elaborate more on the empirical evidence that shows welfare states are fiscally sustainable in the long run and people dont take advantage of it, or that people are overall better? is it even possible to measure this?
the PAP's assertion is intuitive and makes sense to most fiscally conservative singaporeans. to subscribe to a welfare state would mean higher taxes and spending. what is the counter argument/proof that this would work?
A better domestic industries and minimally dependent on foreign investment in the long run would enable a better welfare system for genuine cases. Currently, the social assistance payout is hardly sustainable for people with genuine cases.
Could you post a link to the article cited in 21:49?
1. Every country tries to attract foreign workers to fill in labor gaps, not just Singapore. In order to take your claims seriously, you would have to cite data showing SG's migrant laborers suffer injuries/deaths at higher rates than should otherwise occur.
2. You mention SG's status as a port allowing opium and drugs. But every Asian port allowed--or was forced to allow--such trade by European colonizers, probably due to the high margins and high demand of such products. What is remarkable about SG is that its police force managed to drive out the drug mafia, which neither USA nor Hong Kong has accomplished.
3. Re: foreign media funding, you correctly identify the exploitation potential by foreign capital but fail to apply the same analysis to the media issue. (To be clear, I am NOT making any statement about how New Naratif is funded.) Though not as educated as you, I have noticed that historically, when coups occur, a top objective is to take over the radio/TV stations and distribute biased propaganda. This dynamic seems to indicate that ruling parties everywhere are right to be concerned about bias or potential distortions in their media.
4. Every single country desires FDI (foreign direct investment), not just Singapore. What is remarkable about SG is that it has managed not only to attract FDI, but has actually abandoned key elements of Western finance (such as M1, M2, etc.) and paved its own way. Today, no reasonable person believes MAS has failed to consider the needs of all Singaporeans, and PM Lee delivered a recent speech promising to "leave no Singaporean behind."
5. An astute viewer will notice that most of your complaints re: lack of due process relate to the turbulent 1960s. At the time, almost every single country in the world was caught between USA's and Soviet Union's battle for influence. We now know SG chose wisely. Whereas Indonesia's Suharto--also USA-backed--may have been responsible for allowing numerous murders of socialists/Communists, LKY famously said he never killed anyone--he only fined or imprisoned them. IMHO, we must consider LKY's actions in the context of events in Vietnam and Indonesia, not just SG.
6. Again, I am not as educated as you, but I could only watch the first 13 minutes of the video before losing interest. Too much is taken out of context. Though your knowledge of SG history is tremendous and superior to mine, you may want to study the history of other SE Asian countries and ask why SG continues to be the most successful country in SE Asia in terms of general social welfare--at least as of 2020. (June 2020)
At least they didnt call you fake news 😂😂 Which means that your opinions are pretty much validated by the minister himself!! 😂😂
Do you have a job? What PJ is calling for is nationalising all industry and pure socialism which means you get no choice in jobs, products or lifestyle. Are you stupid?
@@scbchong6964 stop being a troll lmao what a waste of your time. either way, many of SG industries were nationalised such as the energy market and only recently 'let go' by the PAP. Nice try. CB must have given you so much time. Student or unemployed? 😂
@@nature.mallow1242 You are the one talking rubbish in your infatuation with looking for an anti-establishment "hero". PJ ain't the one. DBS listed decades ago. Shipyards were privatised or listed in the late 80s. SIA never nationalised. Utilities only recently because of critical nature. Citizens can buy shares in SBS and smrt and taxi companies. NTUC Fairprice hires willing and able citizens and foreigners at market rate wages. It was the stupid Opposition parties which continually want to privatise the armed forces.
Overall citizens who are willing and able can apply for any public for private sector job. I think it is you who don't hold a job and dependent on Opposition to lift your unhappiness. So are you the one unwilling or unable? The real issue is poor-quality citizens like yourself, not anything wrong that the PAP has done.
@@scbchong6964 I know u are extremely pro-PAP but hear this out:
Facts drawn by newspaper are facts. Opinions from facts may differ. Thum might used extreme words and say almost nothing good about PAP *but the articles that he pointed out are still facts*.
nature.mallow did not talk about anything about his stand and just said one fact about the energy market and u listed a bunch of semi-true opinions with ur own personal pov and u also brushed his/her point away just by saying "Utilities only recently because of critical nature."
Is he/she supporting the opposition? I don't know. Is he/she jobless? I don't know. But there u here assuming his/her state of living and defining him/her as "poor-quality citizens"
You must consider urself as "high-quality citizens" then. Saw ur previous post about Thum is being an "elite". How different are u from Thum when both of u are at the extremes?
A productive debate comes by when both views are not biased. Since when Thum said nationalise *all* industries (put stampcode pls) and why pure socialism means " no choice in jobs, products or lifestyle."? Nazi Germany have tons of job for its citizens, have choice of lifestyle and various products sold, Soviet Union have them too. Heck, even in the current world, countries like China (even though not pure socialist or nationalist) have the similar types of jobs and in fact even more types than countries like the USA. A lot of people say people in China have no life, but if u been to China, people does the same thing as people in Singapore.
What u had presented is a definitive statement and there will be alot of counters to that. Without substanitation and just blabbering your points out will bring no good to the discussion at all for Singapore's politics.
@@xmaslzq2892 Ask yourself why PJ needs to be deceptive and lie while trying to find fault with pap govt? Isn't he taking younger and less informed citizens for fools by exaggerating and lying? What is his agenda?
Since you surely ascribe to freedom of speech and expression, you also have to accept responsible behaviour when making statements. I also have the right to point out PJ's deception. It is a fact that citizens can invest in listed singapore companies, and can work for any private or public sector company/organisation. They can even travel the world to find work. It is a fact that those singapore companies are listed.
re: "Nazi Germany" "Soviet Union". You are a fool if you believe they operated like singapore open market economy. You are stupid if you think the citizens were enjoying life then, and sg citizens are worse off due to PJ's imagined evil pap govt.
You really think citizens can work to produce high quality substitutes for all imports products and services? How good of a towkay are you?
I disagree that CPF is a Pension Fund.It's our enforced savings which we were to take back when we reached 55 yrs old but this was unilaterally change by the S'pore Govt.Pension Funds are funds citizens are paid by their Governments when their reached reirement age.
Do u know also...that in the 70s u enjoy the growth + u - that is how your parent send u overseas for high education whereby u enjoy - is that how u repaid your parent and your country or should i say your birth place ?
ivy kkb remember the next gen is not so lucky.
@@zhen86 look at China, if foreign investment leaves China due to China being too expensive, many people will be jobless. Singapore use this model for far too long. If foreign investment suddenly decided that Indonesia is the better place to invest, we will be doomed. CECA are able to take advantage of us because PAP needed the investment from the foreign investment. How many MNC is a Singapore company? 1 or 2? or 0? The only one I know of is failing and government hated the founder.
Whats new, as they say history repeats itself. Redistribution and foreign money for reinvestment.
Singapore must be wary of the diplomatic relation with United States of America. The same can be said of other super powers in order to remain truly non-aligned and neutral.
However, diplomatic relation with USA has to be more worrying because this is the only superpower who will not hesitate to put Singapore on America's hot plate to choose between being an ally of USA or being an ally of China.
Singapore will be labelled an unfriendly nation to USA as long as Singapore chooses either being an ally of China or even staying neutral.
USA was supposed to be a great and benevolent nation which America's founders aspired. Unfortunately, American politics have moulded America's foreign policies to be extremely scary. Sigh
When my side some one block peopkes can not see,than they think i do not like the news from them thank you
Why till now....?
"The Ayes have it, the Ayes have it" is also a foreign British thingie. This language is not suitable in SG context. Why is it used by the speaker?
Singapore is the 3rd richest country in the world with 0 debts. Our graduates are the best paid amongst the 4 Asian Deagons - our graduates are paid $4200 as compared to Taiwan @ $1500/month. Our students are the best, 2and busiest port, clean, green and safest, best airport, ranked 4th in financial etc.... fortunately we have no Najib in Spore, no Prata Mahathir but sadly, we fo have some Singaporean who love to poop in their own garden.
We needed Testers like PJ Thum to keep the System Clean. Do u want Another Dorm. with lots of Corona Virus Infections that caused the Lockdown of Singapore.
Easy to say then done...
1990 ~
THE GRAND MISTAKE
SINGAPORE STARTED FLOODING IN WITH FOREIGN WORKERS
AND BECAME LARGEST SLAVERY HELL IN ASEAN ? ? ? ?
Intro music too loud...
So reduce dependence on foreign companies and foreign capital by becoming a part of a foreign country (Malaysia)? 200 iq move.
BY 1930
SINGAPORE WAS ALREADY
THE RICHEST COUNTRY IN ASIA
AND RICHEST CITY AFTER TOKYO ! ! ! !
CREDIT TO THE BRITISH ? ? ? ?
WOW ! THAT WAS FOREIGN FUNDING ? ? ? ?
FOREIGN FUNDINGS
1976 - 1978
WHAT IS THERE TO UPGRADE ? ? ? ?
WHEN SINGAPORE HAS NO HIGH TECH JOBS ? ? ? ?
SINGAPOREAN APPLICANTS HAD ALWAYS BEEN ADVISED BY
FOREIGN RECRUITERS USING THE ONLY EXECUSE
"YOU ARE OVER-QUALIFIED "
MOST SINGAPOREANS NOT FULLY EMPLOYED
ARE OVER-QUALIFIED # # # #
So many Singaporeans have donated to black lives matter gofundmes. I mean... parallels
ARE THE 1.5 MILLION FOREIGN WORKERS FOREIGNERS ? ? ? ?
1️⃣9️⃣8️⃣5️⃣
SINGAPORE FELL BACK TO THIRD WORLD
AS A LOW WAGE SLAVERY HELL # # # #
worker cooperatives, instead of "domestic capitalists" ? 😄
WHY SINGAPOREANS NEVER STUDY THIS HISTORY IN SCHOOLS ? ? ? ?
Censored
Is PJ Thum telling the truth or LSL?? Watch this clip to know the truth
WHO foreign advisory!
WORKERS WERE EXPLOITED BY FOREIGNERS
AND WORKERS HAD WORKED TO DEATH # # # #
👍
👍🏽
SINGAPORE
COPIED
FROM THE BRITISH ? ? ? ?
That lawyer is not smart enough only act good .
You cannot say that "we still never developed a viable domestic capitalist entrepreneurial class as was the case in the rest of developed Asia (19:53)" when 2/3 of employment in Singapore is being generated by SMEs contributing up to $200b out of $360b of GDP. Or do GLCs like Temasek, Sembcorp, Keppel not count as your definition of domestic capitalist entrepreneurs?
Hi, thanks for your comment. SMEs provide roughly similar shares of employment and output in developed countries. The question of whether they are a significant capitalist entrepreneurial class depends on how important and competitive they are in the global arena. Compare, for example, Taiwan, Japan, Korea, Scandinavia, etc. and their domestic capitalist class. Singapore's state-owned enterprises (or "GLCs" as we call them) are generally not successful enough to compete with this class. In some specific cases, like SIA or DBS or Sembcorp, yes; but overall, our local enterprises are too narrow, or bureaucratic, or outdated, or inefficient, to form significant industrial or economic capacity compared to the other countries above. - PJ
You have to keep in mind also I'm making a political economy argument (which is one general theme of my videos), and so it's also about the political consequences of the trade-offs that are inherent in our policies. So one question to ask, for example, might be, can Singapore's domestic capitalist class provide sufficient leverage to improve Singapore's negotiating position with international capital? - PJ
@@NewNaratif I am honoured to have elicited the longest response here.
Two even.
In your list above, our small domestic population places us less than half the size of the smallest administrative unit, i.e. Denmark. I struggle to imagine a Singapore able to negotiate on equal terms with international capital in the way you imagine. I cited the above GLCs because I see them as successful in their own right - telecomms, defence, oil rigs - here we are quite certainly playing amongst the big boys, which given our small population, makes us punch above our weight. These industries also typically require state backing in order to bargain.
Since you appear to be inherently averse to government control, non-government entrepreneurial developments which place us on the map would include the likes of Far East Organisation, Wilmar, Grab, Razer (should I mention Hyflux, Creative?),
You set a tough order to fulfill. Domestic, but cannot be related to establishment. We have a domestic cohort of ~40,000 live births per year. How large should the entrepreneurial class be, if the best have already been skimmed off by MOE before the age of 12? How should the non-entrepreneurial class be organised, since the number of local jobs created outpaces the birth-rate?
I would also make a strong argument for pro-natalist policies. Everyone is interested in the economy, but no-one, government or personally, wants to put a wager on the Singaporean core.
@@NewNaratif PS: Merger doesnt work as long as monetary and fiscal policy do not align. Let's start with thinking through what merging the two pension systems would look like.
Notice how PJ exaggerates and lies to try to find fault with pap govt? He also needs to pin all blame on pap govt so that Opposition supporters don't reflect that it is their personal responsibility and family community obligation to make a good living. pap govt has always given them the infrastructure and the tools.
For some reason, it is Opposition supporters who demand that they be spoonfed a good lifestyle by the Opposition.
So the clowns like PJ have to demonise the pap govt and make those supporters dependent on the Opposition. Hooked on empty promises of a better tomorrow.
Who is going to rule SG after the merger? BN?
ybbolb whoever is voted in.
Good show! But intro is too long
It is a necessity as it is a introduction to who he is (lest his adversary try to discredit him again) to those who don't know who PJ is just like any beginning of a movie.
BTW, you have the freedom will to skip it.
Thanks! I did think about shortening it but a lot of people also seem to enjoy it as it is, so I just decided to leave it. - PJ
This time Mahathir can't help you.
🤣🤣🤣🤣🤣🤣🤣🤣think before u leap...
Is there anyway we can shut this channel down? Is he currently base in SG?
Lol youtube is an independent organisation. You can contact them. If they do shut it down, PJ would just be a martyr for free speech...