I’ve blogged before that the PAP doesn’t need that many smart people as it follows most of the Economist’s prescriptions (except on hanging, drug legalisation, free media and a liberal democracy). It has been an Economist mantra that market pricing is “betterest” because it uncovers the “correct” price. It is also a PAP Hard Truth.
But now the Econimist seems to have second tots.
What if the “correct” pricing level were so high that it prohibited all but the rich from driving in the city? Gulliver paid £9 ($15) to park for a couple of hours next to a horribly overcrowded Dorset beach over the weekend. It was a scorching day, there was only one parking option and it was the first weekend of the school holidays. Unsurprisingly by the time I left attendants were turning away a long queue of cars. There was no public transport, and even if there had been it would have been impractical for Gulliver’s family and its array of apparently-essential beach tat. Who knows what the sweet price-spot on such a day would have been? Enough to put a day out on a public beach out of reach for many, I suspect.
Think CoEs and public housing. Is the “correct” pricing out of reach of most without access to cheap credit? I suspect so.
“A Changing world means changing policies and a changed party,” Tony Blair told a flock of die-hard supporters in London on July 21st reported the Economist.
Trouble is that the PAP’s other bible is “Hard Truths” by one LKY. But given that Tony Blair is now rumoured to be worth more than US$100m (he denies the allegation), maybe the PAP should respect his views on the need to change. A PAP MP eye doctor surely would.
The writer owns a blog at: Thoughts of a Cynical Investor