Apology not withstanding, PM Lee has reiterated that his Government will remain open to investments and talents. Whatever mistakes he was referring to at Boat Quay in May ("Well, we’re sorry we didn’t get it exactly right, but I hope you’ll understand and bear with us"), it sure wasn't about jobs going to foreigners, be it operating a fish soup stall or running a national bank. Maddox, Murdoch, and even Gaddafi, will certainly be given the key to the city, so long as they fly in with suitcases of cash.
Astute investors who saw the writing on the wall at the last General Elections had asked whether the Government will be changing direction because of the political realities on the ground. If PM Lee didn't spell out what he "didn’t get (it) exactly right" at the election rally, the occasion of the Economic Development Board's 50th anniversary dinner would have been a good platform to flesh out his real intent. He made it crystal clear, "We will continue to make ourselves an international hub, open to global investments and talent." So much for his oratory about distancing from his father's "spurs are not stuck into the hide" attitude. The apple indeed does not fall far from the tree. It looks like a dismal future of more years of subjugating ourselves as second class citizens, squeezed out of the job market, school places, affordable housing. No wonder the flags are not fluttering in the wind, with August 9 just round the corner.
They say the extensive fat marbling in slices of high-grade wagyū beef is attributed to massaging the cattle or adding beer or sake to their feeding regimen. Those animals get a better deal than us human fodder for the economic machine of Singapore Inc. Since nothing much can be done about the current status quo, we might laugh about it.