Singapore at 61: How we can ensure opportunity, security and ownership for the next generation

Universal basic capital gives citizens a stake in nation’s progress, but must complement existing safety nets

    • Singapore’s next chapter should not be framed as a choice between economic growth and social well-being. We need both.
    • Singapore’s next chapter should not be framed as a choice between economic growth and social well-being. We need both. PHOTO: BT FILE
    Published Thu, Aug 6, 2026 · 01:06 PM

    EVERY National Day, Singaporeans celebrate how a small, resource-scarce island became one of the world’s most successful nations.

    In six decades, we have built world-class infrastructure, achieved high homeownership rates, developed an excellent education system, and created opportunities that previous generations could scarcely have imagined.

    Yet, it is also a time to reflect on our future. As living costs rise, artificial intelligence reshapes jobs and wealth concentration grows, calls for stronger action on inequality have grown louder.