Generational Dynamics and the Rise of Fall of a Nation
I have previously written about why Singapore (and in fact many nations) are going through difficult times politically. I have found a nice graphic recently that displays this very well. I encountered this graphic when reading about the rise and fall of dynasties in China. Singapore, like China then, started from a lower wealth and population base back when we started our journey as a nation. Under capable men, backed by a population willing to make the necessary sacrifices for their future, Singapore grew rapidly...and ran into the present situation. Singapore's relative productivity level (relative to what it was in the growing years) has fallen as our population numbers and demands grow beyond what we can provide for. Population demands is especially interesting - what used to satisfy no longer does, and the populace clamour for bigger, better things. It is like the satiation effect of a drug. You want more and more as the previous "high" no longer satisfies. Wealth c