26 April 2011

Hard Truths Redux


Wow, we've just had a 5 day weekend here in Oz. I spent most of yesterday going through Lee Kuan Yew's 'Hard Truths', and watched the DVD again for the n-th time -- the video on interviews on the 'hot button' topics.

I did this with my 'emotion radar' turned on -- i.e. listen to the man, let him make his point, and try as best I can to look on his claims objectively, instead of allowing the emotions to run amuck. To ensure the right state of mind, I laid out the wine, fruit, nuts and cheese and made sure I was 'neutral'.

You know what? I found myself agreeing with the man more than I disagree. OK, I think that there are better methods of achieving most of the 'national objectives' -- more freedom and free-market based.

For e.g. I believe in a citizen militia. However I disapprove of forced conscription. I also approve of a frugal govt, however I think the govt could be more parsimonious and encourage more private enterprise in infrastructure.

I also approve of the govt 'paying back' money to the citizens, because it has taken tax. It is moral to 'pay back' some of the surpluses. Yes, it could be seen as 'vote buying', but the alternative is the govt keeping the money.

I definitely approve of his hard stance against organised religion -- be it Islam or Christianity -- fuck those assholes. And his non-discriminatory attitude to anyone who 'wants to join us' -- referring to welcoming capable foreigners gets my 110% approval.

We both share a deep suspicion about untethered democracy being no 'guarantee to prosperity', and the necessity for S'pore to have an 'open economy'. He explains the moral hazards and de-motivating effects of state welfarism -- another point I concur with.

I think voting S'poreans -- especially those who have 'written off' the PAP should have a good look at Hard Truths.

Looking at the opposition's policies -- for the most part they seem to be rooted in welfare, and slamming the gate shut to immigration -- definite self-sabotaging platforms which will have negative economic and social results.

The problem with the PAP is that they've failed in the area of communication -- and applied too much of the direct iron-fist political kung-fu. Those methods might have been effective during post-Merdeka S'pore, but it old and the people are sick of it.

One thing's for sure: there is no viable alternative to an open economy for a tiny city state which can't even feed itself or power itself without imports. And in order to import to live and prosper, you'd better be able to pay for the food and energy, which means you have to produce and sell or everyone dies.

To be able to do this, you'd better have a thriving economy and that is only possible if you have booming private enterprise creating wealth and a wide open, globalised economy.

Democracy is a nice idea -- however I get the feeling that too many S'poreans have been lulled into believing that democracy is some kind of 'holy grail' -- we have to have it because all the developed cuntries have it. This is neurotic reasoning pure and simple. It is about time people got over this romantic notion and concentrated on hard-core Constitutional Republicanism based on individual achievement and self-motivated attitude to be the best that they can be -- i.e. a meritocracy where one has to EARN from sheer hard work and intelligence -- instead of looking to the govt for 'freebies' and 'handouts'.

I am convinced that if meritocracy was substituted by 'egalitarianism', Singapore is broker than broke in a generation or two.

No, I haven't drunk the Kool Aid, I haven't been inflicted with PAP-itis -- the sickness of those true-believer PAP supporters who are likely to deify Mr Lee snr after his demise. I'm looking at this from the objectivity of hard-core material, real world economics and capital structures.

No govt can 'deliver prosperity'. What they can do is get out of the way and allow the private sector to do its job in a business-like friendly, peaceful, politically stable environment, where the courts uphold private property rights and contract law.

PAP govt aside -- Hotel Singapore does that exceedingly well. Much better than most of the so-called Furst Wurld Demo-Crazies -- who are all quasi centrally planned welfare states which tax and regulate their citizens excessively.

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