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logicchainstoday at 5:01 PM1 replyview on HN

>His legacy speaks for itself

His legacy as a statesman is unparalleled, but his legacy as a parent falls short, given how poorly his son did at maintaining the country his father built. His father surrounded himself with smart people and welcomed criticism, while his son surrounded himself with yes-men and prosecuted critics. And now Singapore is becoming increasingly unappealing to MNCs due to recent discriminatory visa policies, and the rising cost of living is making life harder and harder for young people, with the fertility rate now under 0.9 as people can't afford to start a family.


Replies

zuzululutoday at 5:49 PM

I disagree LHY inherited a major challenge, one with completely different variables such as a larger aging population along with all the typical balancing act to prevent it being a hollow shell for internationalists and easing burden on the middle class that keeps the whole order intact.

None of the problems you listed are unique to Singapore. Chinese buyers who often serve as effective money mules for capital out of China have inflated real estate prices globally and the enablers at home profited from the transaction, fully aware of the demographic impact it can have.

Singapore acted the best for its citizens in protecting them from outsider speculation compared to Canada for example.