Lee KY calls for understanding towards immigration policy
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By Hoe Yeen Nie | Posted: 03 February 2012 2152 hrs
SINGAPORE: Former Minister Mentor Lee Kuan Yew has called for the understanding of Singaporeans towards the government's decision to continue taking in immigrants.
Speaking at a Lunar New Year gathering in his constituency of Tanjong Pagar, Mr Lee said Singapore's per capita income is one of the highest in Asia.
But it faces an ageing and shrinking population. Last year, the birth rate was 1.15, with the Chinese leading the decline among other races.
Mr Lee said Japan also suffers from similar problems. But its decision not to take in migrants has contributed to economic stagnation.
He said: "Our choice must be the other one, taking in immigrants. I know Singaporeans do not feel very comfortable seeing so many strange new faces, but the alternative is economy stagnation and worse, nobody to look after our old people later on."
-CNA -
ok.....lol
there is an urgent need to make Sg a marriageable place for men.......as well...
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Originally posted by Clivebenss:
By Hoe Yeen Nie | Posted: 03 February 2012 2152 hrs
SINGAPORE: Former Minister Mentor Lee Kuan Yew has called for the understanding of Singaporeans towards the government's decision to continue taking in immigrants.
Speaking at a Lunar New Year gathering in his constituency of Tanjong Pagar, Mr Lee said Singapore's per capita income is one of the highest in Asia.
But it faces an ageing and shrinking population. Last year, the birth rate was 1.15, with the Chinese leading the decline among other races.
Mr Lee said Japan also suffers from similar problems. But its decision not to take in migrants has contributed to economic stagnation.
He said: "Our choice must be the other one, taking in immigrants. I know Singaporeans do not feel very comfortable seeing so many strange new faces, but the alternative is economy stagnation and worse, nobody to look after our old people later on."
-CNAReally ?
So how come I don't see Japan opening their Immigration flood gates ?
Who is looking after Japanese old people ? Asimo ?
Send one to LKY please.
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smaller population may not be a bad thing ecologically.
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Singapore is too small for so many people...
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national service for all women lah.. 2 yrs ... enough to produce 2 baby hor.....
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Originally posted by I-like-flings(m):
national service for all women lah.. 2 yrs ... enough to produce 2 baby hor.....
that's foced pregancy
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-double post-
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lky is senile.
maybe he should have said this allowing people from china burmaindia phillippines etc back in 1965 right after independence.if he did that,he would have lost election the following year.
isnt lky in new zealand???isnt he like going out fishing or eating clams and prawns that are 2 feet long??!!
getting in more foreign people from all the foreign lands isnt enough to look after old folks daily!
what lky assumes is the taxes they give to cpf....currently cpf should be sufficient unless all $$$$$$$ in cpf is gone!then how and in what way can these foreigners look after old folks in spore now n future???push trolley daily for them?buy breakfast ,lunch n dinner daily for old folks???
lky is ....................getiing weak in head nowadays.his excuses n reasons are kinda lame.he aint as sharp as he used to be.
he should just shut the fuck up n go eat his clams n prawns overseas.
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I think Lee Kuan Yew should shut his fucking mouth. It is better for all if he can restrain himself from talking cock.
Everytime that old fucker opens his bloody mouth, it gives me headache. He should spare a thought for the mental health of Singaporeans.
Just shut your fucking mouth, Lee Kuan Yew. We all know you are still not dead.
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Originally posted by Hitman Chief:
lky is senile.
maybe he should have said this allowing people from china burmaindia phillippines etc back in 1965 right after independence.if he did that,he would have lost election the following year.
isnt lky in new zealand???isnt he like going out fishing or eating clams and prawns that are 2 feet long??!!
Thanks for the inside info from the secret service.
Hope he leans over one of those cold streams.
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He is just telling Singaporean that what they claim before the G.E now dun count, and too bad if u guys believe in their pre G.E speech.
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Originally posted by Lazybumy:
He is just telling Singaporean that what they claim before the G.E now dun count, and too bad if u guys believe in their pre G.E speech.
Only poor idiots would go and believe in PAP elections talk.
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hitman a secret agent?
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Originally posted by Summer hill:
hitman a secret agent?
school holiday is over...its feb already! -
haha!
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Strange how he could link population to economic stagnation and use Japan as an example.
More fear politics. If you don't vote PAP in, your wives and daughters will become maids in another country.
This report doesn't even mention population as one of the causes of economic stagnation in Japan.Research at Shorenstein APARCCauses of Japan's Economic Stagnation
Project (Completed)
1999-presentResearchers
Daniel I. Okimoto (Principal Investigator)Why has Japan's economy, once the envy of the world, fallen on such hard times, and why has recovery taken so long? The nine scholars analyzing Japan's economic crisis from 1985 through 2000 have identified six underlying causes:
Surplus in Savings: Japan has traditionally enjoyed an unusually high savings rate and a comparatively low consumption rate. During the decades of recovery and high-speed growth, this "savings surplus" supplied sorely needed capital to private industry in the form of bank loans. This money was used to build and expand Japan's industrial infrastructure and to achieve the rank of a world-class manufacturing power. However, during the 1990s, the "savings surplus", once the indispensable fuel for high-speed growth, became a serious, structural impediment, leading to a severe slump in demand and causing a heavy drag on Japan's economic recovery.
Liberal Democratic Party (LDP) and Vested Interest Groups: LDP support from interest groups representing protected, inefficient sectors of the Japanese economy has contributed to Japan's economic malaise but has also made it difficult for the Japanese state to implement the reforms necessary to get back on track. Focused on staying in power, the LDP has been reluctant to implement far-reaching reforms or tackle the tough issues, such as the ominous overhang of nonperforming loans (NPLs). The LDP's coalition of interest group supporters, which supplies money and votes, has lobbied hard to sandbag or dilute reform measures. The unprecedented length of Japan's asset deflation and liquidity trap is largely due to the absence of effective, far-sighted political leadership. Whether Prime Minister Koizumi, who has a clear-cut electoral mandate to reform an outmoded economic system, can push through necessary but politically painful changes remains to be seen.
Policy Mismanagement: The lack of political will and effective leadership are reflected in serious policy mistakes. These include: the consumption tax hike in 1997, which stifled nascent signs of recovery; the unparalleled slowness in disposing of NPLs; and the heavy-handed reliance on interest rate cuts from 1985Ð1987 to deal with the deflationary impact of sharp yen appreciation following the Plaza Accord. While it would be unfair to blame the bubble, asset deflation, and the liquidity trap solely on Japan's politicians and policymakers, it is accurate to say that policy mismanagement has aggravated the problems and prolonged the processes of recovery.
Structural Impediments: The complex structure of Japan's political economy - particularly the close, symbiotic ties between the economic bureaucracies, like the Ministry of Finance (MOF), and the corporations under their regulatory jurisdiction, like banks and insurance companies - has also contributed to Japan's problems. The interests of the Banking Bureau of MOF and the banking industry are interdependent. There is little transparency or public accountability. Information is hoarded about the actual scope of bad loans. Old methods of crisis management (specifically, administrative guidance) prevail. These elements help to explain why it took the government so long to deal with the massive hemorrhaging of Japan's financial system. Although Japan has made progress toward developing a more transparent, rules-based system, the problems of nontransparency and weak accountability have not disappeared.
Yen Appreciation: Another underlying cause of the bubble, sustained asset deflation, and the liquidity trap is the steep, long-term appreciation of the yen relative to the dollar. For Japan, yen appreciation has been a chronic problem. Exchange-rate factors have limited the effectiveness of certain policy tools that might have cleaned up Japan's financial mess. Caught in a classic liquidity trap, for example, the option of designing monetary policy to hit specific inflation targets would be difficult, in part because a sudden, sharp devaluation of the yen would put enormous pressure on South Korea and Taiwan to devalue their currencies. In an era of global capital flows, the constant national need to make adjustments in the value of key currencies, and the costs of overshooting, misalignment, and potential speculative attack have enormously complicated domestic macroeconomic management.
Global Capital Flows: Japan's rapid growth from 1955-1975 and its steady growth from 1975-1991 can be understood as part of a global expansion of trade. But if postwar Japan has benefited from the globalization of trade, it has profited less from the globalization of capital flows. Neither the public nor private sector has handled the liberalization of capital movements as adroitly as the liberalization of global trade. Japan has received surprisingly low returns on its massive dollar assets abroad. Moreover, the Asian financial crisis between 1997 and 1998 crippled the country's efforts to shake off its stagnation. Japanese manufacturing industries were better prepared to take advantage of the globalization of trade than Japanese financial institutions were to utilize the opportunities created by the globalization of capital flows.
http://aparc.stanford.edu/research/causes_of_japans_economic_stagnation
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It is sad that now every time he open his mouth, it is a THREAT.
Singaporeans are not against the immigration policy as long as the local population is being taken care of instead of the other way around. (Free school, Free Allowance, all courtesy of the singapore local and more debts for local)
Now, we are living example of the animal farm where the 2 million dollar man make fun of the poor by saying it is no fun.
Have he ever work one single hour by his own credit without the nanny strings of his old man ?
Why would we want immigrants that will rob us of our jobs if we not protected by any minimum wages and union ?
How to bear babies if we are being retrenched any time due to "cheaper, better, faster" ?
The old man know the obvious answer.
There will be no more babies as we are already burdened with lots of self-enriching tax who only benefit the 1% of the population.
He is one of the people who is benefitting from our blood and sweat.
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haha!
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Originally posted by Summer hill:
that's foced pregancy
same as forced labour right??but my plan more give face to gals lah... they dun have to do it by 18 yrs old... then can choose their guy slowly.. then when confirmed.. they just spend 2 yrs producing baby and have sex with husband on government expense lor.. got camp for them to stay.. got 5bx in the morning.. got free SFI food... got free medical from MO... and even get an allowance.... song bo!!!!
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Sg need more foreigners to top up the big ponzi.
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I think Lee Kuan Yew should show respect for Toh Chin Chye and shut his trap for a change. Only shit comes out from mouth of Lee Kuan Yew.
Nothing good to say then fucking shut the fuck up.
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The old man have already been downgraded to be a normal MP.
He dun have a say in the house.
So, he have to say something in his CNY dinner.
Time is running out for him to say anything.
But, he and precious son end up sprouting fiction that exposed further how disconnected they are in their white castle.
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you have to make Singapore a marriageable country in the first place, pls look into the psychographics of the genders as the starting point...over emphasis on one gender affects the psychological perception and emotions of the other...
not only u need to review on mass rapid transport maintenance systems which run out of course recently, u urgently need to find balance in the gender policy or u will have to accept a foreign singapore....
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Originally posted by Fcukpap:
u will have to accept a foreign singapore....
That bastard has identity problems. He is not linked to any local ethnic group in Singapore. Not even peranakan since he don't dare to admit.
You give me a chinese, indian or malay leader and we won't have these type of garbage problems in Singapore.
But so many people in Singapore you give me this cultureless bastard Lee Kuan Yew with identity problems.
