11-12-2013, 04:20 PM
(11-12-2013, 02:41 PM)Temperament Wrote: [ -> ](11-12-2013, 01:45 PM)Some-one Wrote: [ -> ]But i learn from Simple Simon:-(11-12-2013, 12:58 PM)specuvestor Wrote: [ -> ](10-12-2013, 07:00 PM)Some-one Wrote: [ -> ](10-12-2013, 03:38 PM)specuvestor Wrote: [ -> ]Those committing the acts are non juveniles who travelled miles to earn a living. These are unlikely spur of the moment but suppressed angst. We now know that this is actually an "internal affair". The pte bus is actually a hired bus from their Avery Lodge Dorm. They were angry with the death of a co-worker rather than some anonymous person on the street.
Why they turn onto the police and ambulance is the bigger issue. I don't think it is just a "simply" case. Mohamed Bouazizi is not an isolated case either. I don't think we should blame the government for everything under the sun nor be anti-FW at this point, but IMHO this is a symptom of the problem of having huge influx of FW without considering carefully the consequences. Ditto for casinos and the 6.9m population white paper.
This is a value forum, so we should probably be able to rationally whether there is something fundamentally wrong with the policies. When principles are wrong, things can go very wrong.
Well, don't you think there is a lot of assumptions from you? You are saying that it is a suppressed angst. How do you know? Your own experience or you actually know the workers? You are saying that in your opinion, it is a symptom of having huge influx. How do you know? I'm fine if you keep it as your opinion but without knowing anything, let's not assume so many things and just listen quietly to the news.
It is this type of assumption that cause a lot of conflicts. No one knows except the workers themselves. You can claim that the government is bluffing you on all aspects. That is your choice. If there are no trust, nothing people say would change your interpretation.
One more thing. Since you link it to value forum which is related to value investing. Isn't it true that hindsight is always 100% correct?
I will also assume we are having a rational discussion here
Assumptions are not wrong by itself as long as 1) reasonable 2) not misguided. Assuming Iraq has WMD was a reasonable assumption as Rumsfeld and Saddam was best of pals and US been supplying Iraq most of their weapons... but it was misguided. Assuming a value trap stock is deep value is well guided by financials but unreasonable when one doesn't look at the management and major shareholders' track record to OPMI.
Again, let me say that assumption is neither right nor wrong. It is right because you think is right. An assumption can be proven wrong. Of course, if one denies that it is wrong and stick to his own judgement. Nothing would help.
As value investors we have the skill set to separate noise from facts. As posted by others there were a lot of misinformation based on my memory:
Yes, we do. We have the skill set to separate but do we know what is noise and what is fact? A fact is only true if it is proven. Otherwise, it is just opinion without facts.
1) Chinese speeding bus driver hit indian man
>> To my memory. There has never been a chinese speeding bus driver. I don't know where you get this information from.
2) Bangladeshi worker died and riot by Bangladesh (which was interesting because the Bangladeshi Consulate denied and clarified few times)
>> To my memory, I read that a foreign worker was knocked down. Again, I don't know where you get this information
3) Singaporean bus hit foreign worker
4) 400 drunk rioters
To my memory, it is only rioters and not drunken rioters.
These misinformation sensationalises news but helps nothing, but flame misinformation, fear and hatred.
>> I guess I have already say that since we do not know anything, let's just keep watch and listen to the news. If that is what you think in the first place, there would not have been so much misinformation which you claim. You can just filter off and continue to do your other things.
What we know now is that it was an "internal issue" ie the bus was chartered by Avery Lodge to send their OWN workers back. The attack on the bus and bus driver and conductor was to avenge their own co-worker who just a minute ago was chased out the bus and now under it. It is likely to be compounded by the impatient bus-driver (another assumption if u take the 6pm buses u can visualise what transpired. No offence to bus drivers as they have their own frustrations and KPIs... the conductor was noted as a time-keeper) Frankly I am not surprised if any of us in this forum would have been so angry as to hit or scream at the driver for causing the death. If the attack is constrained to the bus, then it is simply mob justice.
But the attack on the ambulance and police indicates something deeper. As per posted, the wealth divide and affluence works both ways, the foreigner workers vs Singaporeans, and also Singaporeans towards the uber rich. The election results clearly show the latter and the govt is adjusting. I think most people here underestimate PAP's concern... they are not stupid, but they are willing to take a policy bet on the 6.9m population which is backfiring.
>> Again, you are saying that it is indicating something deeper. Is that so? Or is that what you think is so? Do you have all the correct information on your hand? Also, let us just stick to topic and not navigate it away to politics.
This is not hindside. I have posted in various thread that a pure capitalistic model advocated by Goh and enshrined as Singapore Inc will not work as social backlash will come. From SMRT to SBS to now the riot. Those who believe in pure capitalistic model have not studied history. Even the Woodstock for Capitalists Buffett do not believe in it.
>> Let us just not go into politics in a thread that is talking about riots. You got your own vote. I got my own vote. Let us just respect the electorate.
And I am no prophet, these are as foreseeable as the bust in Blumont if we remian rational amidst the noise. Question is nobody knows when and everyone likes to make hay while the sun still shines. The govt under LHL knows this and they are adjusting but the brain-wash by Goh era will take some time for people to realise that non-quality GDP growth is not sustainable. The principle itself is wrong. I hope Singaporeans and the leaders will realise it sooner rather than later, before our efforts in the past 50 years go down the drain
>> Again, you are linking it to politics. See above. Let's just keep to the thread itself. what I can only say is that if it is as forseeable, there would not be so many people taking losses on Blumont.
As written above. Definitely, it can be a rational discussion but it cannot be assumed that there would be a rational discussion.
Iif you put your hand behind your head and touch your nose, you will realise at the end of the day, it's money(livelihood) and politics man.
What?
Talking about the Riot only?
And only Riot?
How can a human beings not be political?
We human are all political animals through and through.
If not how can G existed in the 1st place?
NB:-
Is there such things as Clean Politics and Dirty politics?
i am not sure until today leh.
Again, let me just say that this topic is about rioting in Little India. Mixing politics in the equation just complicates the whole thread. Each of us have our own grievance to address and writing in a forum like this would not be useful. I have seen how politics can ruin a perfectly good thread.
How can a human being not be political? I, for one, is not political and I am still a human being. The electorate consists of the whole of Singapore, not only you and I. If the electorate has decided, let's just keep it this way until the next election.