Monday, May 30, 2022

It’s Clear Rubbing Toxic Waste on Your D** Won’t Make It Bigger. So, Stop Rubbing it and Use Actual Viagra

 

Since the Prime Minister has said that Singapore needs to get ready for a recession, I’ve had to reflect on one of the most prominent changes in my life. I spent my late twenties and thirties as a freelance agent in an industry that is constantly on the look out for the “sexiest” thing around. Then in the last year of my thirties and now my forties, I’ve had something of an “unbreakable” rice bowl in and industry that likes old fashioned things (liquidators are paid from the assets of the liquidated company and so, we like the old-fashioned stuff like construction and shipping because these industries are inevitably asset-heavy).

I make no secret of the fact that I loathe the bureaucracy (office time) in the insolvency trade but it’s been an educational experience and it’s been educational. Just as speaking to office inhabitants depresses me, being around the second-hand good traders and workers that I’ve fired enlivens me to the workings of the world. I face these two contrasting situations on a daily basis and I’m grateful for it because somehow, I’ve managed to see a “main truth” through the various realities that my stakeholders face.

The main truth that I’ve started to see is the fact that our entire economic situation is the thing Einstein called the “definition of insanity.” While Singapore is not the only place defining insanity, we’re a small place and so our examples become even more intense.

In a way, its hard to “complain” about Singapore. Everything looks good and as I’ve so often said, whenever the locals complain, even people from the West, look at you and ask “What are you complaining about?” Since we are a “clean, green, rich and safe” place, it’s a legitimate question on the surface. However, if you dig a little, the retort is “is it a clean, green, rich and safe” space for everyone or just select few.

The answer lies somewhere in between two extremes. Singapore is for now, a pretty OK place to live in but if things continue as they are, the clean, green, rich and safe label is going to apply for a degreasing number of people.

The reasons for this came from a Youtube interview I watched between Patrick Bet-David and Dan Price, the CEO of Gavity Payment. In this interview, Mr. Price stated that what we call capitalism is not actually capitalism. People are not making money by providing clever ways to make life better for customers. Instead, a select group have come together to monopolise resources and screw the consumer. The interview can be found at:

https://www.youtube.com/watch?v=X7XZlFnqnBU

 


 There are many aspects of Singapore that prove him right. Although Singapore has been trying to build up a “start-up” eco-system (As a matter of disclosure, I have helped promote this) and had some success, the vast chunk of the economy remains reliant of good old-fashioned things like property and construction.

 These are industries that for the large part have stayed pretty much the same for the last fifty years and they function on monopolising things and an exploitative economic logic. When cases of Covid 19 exploded in the dormitories two years ago, it was clear to everyone except people in ivory towers that the cause of this was obvious – conditions in the dormitories were ripe for virus breeding. Sure, the tax payer had to bail out the dormitory owners for getting us into this mess but things remained the same – the government simply confined the workers to the same unsanitary conditions that had caused the outbreak in the first place and despite making lots of nice noises, the Minister of Manpower, Mr. Tan See Leng would only visit the “renovated” dormitories in a hazmat suite.

Yet, the logic for doing this is that its necessary to ensure Singapore remains prosperous in the capitalistic world. We have drilled it into people that the rich have to get richer and at the expense of the poor because its good for everyone including the poor. For example, we need the world’s best paid ministers and an army of expats to tell the grunts what to do because its good for everyone. We cannot have a minimum wage because it will scare away investors and everyone will be poorer for it. Singaporeans must learn to face competition but our large local companies are shielded from competition because its somehow beneficial to the people if monopolies set prices for inferior products.

Nobody questions this and peripheral social problems like the lack of babies are tackled according to this economic logic. Just throw a few grand at people to have a baby. Unfortunately, it hasn’t worked and instead of questioning why it hasn’t worked, we’re trying to do more of the same.

This is where Mr. Dan Price comes in. Mr. Price is the founder of Gavity Payments, a credit card processing company that he set to give small businesses a cheaper alternative to Visa and Mastercard. Mr. Price came to fame in 2015 when he slashed his own salary from US$1 million a year to US$70,000 so that he could raise the wages of all his employees to a minimum of US$70,000.

This move earned Mr. Price, the ire of the late Rush Limbaugh, a radio talk show host, who spent a lifetime telling white American men that they should rub their testicles in the radioactive slims he was spewing and it was somehow the fault of the Mexicans when the subsequent cases of impotence exploded.

https://www.wtkr.com/2015/08/04/rush-limbaugh-calls-ceo-a-socialist-and-communist-for-plan-to-pay-employees-70000-minimum/

 


 A Man telling you that rubbing radioactive slime on your nuts will make your d**bigger will get upset with someone offering you actual Viagra of a respectable wage.

Well, nearly seven years after this “socialist” experiment, Mr. Price is very much alive and nowhere near the bankruptcy courts. Employees who have seen an improvement in their lives thanks to the wage increase have actually become engaged employees. Mr. Price has apparently made his top line go up three times and when the company took a battering thanks to Covid, employees were willing to take pay cuts. More of the story can be found at:

https://www.independent.co.uk/voices/dan-price-ceo-gravity-payments-billionaire-70k-minimum-wage-b1839851.html

 


 Let’s be clear. Mr. Price is not a leftist academic. He’s a businessman who wants pretty much what any businessman wants – a thriving business. By daring to break away from exploitative logic, he’s actually engaged him employees and made them willing to do what they need to do to see that his business thrives.

The rich getting richer and the poor getting poorer is not “Viagra.” Its toxic slime that’s going to ruin people and societies in the long run.

The government needs to look at its approach and be bold enough to break away from this orthodoxy. It should throw out any orthodoxy produced by the likes of Mr. Limbaugh and focus on the actions of Mr. Price. Governments around the world, including Singapore’s, need to understand that while Mr. Limbaugh made a lot of money, his only contribution was to create generations of impotent wimps while Mr. Price is showing that you can make money and help create a better society.

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Maira Gall