The Peacocks and the Sparrows

Singapore, the land of modernity and wealth has GDP growth of double figures over the past decade. The government style, good or bad, has been copied by other young countries worldwide. There are more BMWs and Mercedes per square kilometer here in Singapore than anywhere else in the world. In Singapore unemployment is negligible; salaries are higher than most other countries in the region. The economy is stable and vibrant. Most Singaporeans are asset rich. There are many who own more than one property. Some I know own 2, 3 or even 4 properties from which rents are collected each month. Rentals are high in Singapore because of the demand from foreign talents imported by the Singapore government from countries such as China, India, Malaysia and Europe. The sudden influx of these foreign talents, most of these being “hungrier and meaner” from other countries has resulted in social tension in Singapore. Conflicts in social behavior and cultural clashes have been slowly creeping into this otherwise peaceful and placid Singaporean way of life.

Superficially, this little island state is what many would consider a near “ paradise on earth “. However if one digs a little below the shiny surface , and one does not have to dig too deep, one realizes that under all the glitters there lurks a more humble side of the Singaporean scene. The per capita average monthly income in Singapore is S$3,500. However there are still many at the lowest rung of the income ladder with monthly income of S$300. For the very poor there is a government handout of S$290 per month. So, we have here a small and very prosperous nation with an accumulated surplus in national asset of hundreds of billion dollars. There are those who work in the financial sector earning monthly 6-figure sum with end of year bonuses of 6 to 8 months. At the other end of the scale we have those who are desperately poor and with every hike in the cost of daily essentials, become poorer still. The recent hike in GST ( VAT ) from 5 to 7% did not help matters. Although the Singapore government has distributed financial assistance to counter the effect of this latter increase, there has been an increase in the number of Singaporeans seeking government social handouts. With such vast wage disparity one wonders whether the calmness and serenity of life in Singapore will last much longer.

In the local main stream media each day we read about Singapore advancements in all fields of the economy. The banking and financial sectors are booming and economy remains upbeat even with the gloom of the sub-prime problems in the USA. Financial gurus are predicting growth in 2008 and on the surface all are well.

Each morning on my visits to the newspaper stand and the local coffee shop and the vegetable market, I hear a totally different story from the poorer section of Singaporean society. Unlike the cries of jubilation from the trading floors, these are cries of doom and gloom. I suppose the million dollar question must be, why should there such depression when the economy of the country is doing so well? My daily conversation with the old man selling newspaper, the coffee shop attendant, the old couple selling vegetables tell me a very different story from what you read in MSM. I hear about the difficulties experienced by many from the effect of the high inflation and the recent hikes in daily essential, fares and utilities. In blogsphere you read about the disquiet of ordinary folks who are unhappy with new policies imposed on them by the government.

On such a small island, the vast income gap is astonishing. The difference in all things between the elite and the poorest are so glaringly obvious. At one end of the spectrum you have the peacocks, proud, beautiful and going through life with all the luxury and the fine trimmings. At the other end you have the ordinary sparrows, in their unglamorous brown scratching away for crumbs fallen off the elite tables. There is a large section of the population sandwiched between these two extremes, neither very rich nor very poor. For most Singaporean, life is comfortable, safe and the future looks rosy. For the small section who cannot keep up with globalization, a little sympathy and compassion may be needed to help them along. Sad to say such virtues are becoming harder to come by in this fast and uncompromising world.

These are just my personal views of life in Singapore.