GE2020 marks shift to left - but heed lessons from West
Singaporeans may wish to see greater social redistribution but nonetheless, resist more radical socialist policies. This is an important distinction.
FOR the first time in Singapore's history, the opposition won two Group Representation Constituencies (GRCs), achieving for them an unpredicted 10 seats in Parliament. Many have applauded this development for promoting greater diversity in the political space.
Yet, there are also policy constraints that local discourse must work within. A BT commentary "More diverse voices in politics, but policy constraints remain" has articulated how these include our small size, reliance on globalisation and the need to maintain investor-friendly policies.
Such constraints have always influenced Singapore's leaders in their policymaking. Yet, they are never constant and always evolve from generation to generation.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access