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8 months ago
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The Conundrum of Labour

For some strange reason, there is a tendency for people who have no understanding of economics and the market to try to teach the Government how to run the economy.



Does the Government even "run" the economy? :-P



And there's this related issue about dunno "growth at all cost" and not "growth for the people". Dunno who invented this, but it's certainly quite a popular. Funny thing is that even a PAP MP talks about this, which causes the KTM to suspect there must be truth that PAP cannot find people.



Suppose for a moment that these folks are correct that our current model is a "growth at all costs" model, what is the alternative? Growth at no cost? How to grow the economy "for the people"? The KTM suspects that some people are on drugs.



Let's take a step back for a moment and ask ourselves, WHAT is the incentive for the Govt to adopt a "growth at all costs" model? To justif[...]

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