TC’s computer & financial system

[wonderm]

3Boys:

I've always had a pretty jaundiced view (i.e. bad opinion) of the PAP's political tactics, so it's never ever been an issue of trust for me about the PAP's politics (because I've never trusted them).

But I sure do lurrve their policy making. Hard-nosed, pragmatic....and successful. This I mostly trust.

It's kinda sad. They don't have to play nasty to win, but they do.

This is how I feel, too.

[pirate]

3Boys:

There is nothing wrong in the privatisation of public services per se. Many countries, including socialist ones, do it.


Obviously if there is corruption in the process, then the corruption is wrong and needs to be dealt with.

But do not confuse the 2. Corruption is wrongful, privatisation per se, is not.

Here are some references for you on pros and cons -->

http://www.ipa.org.au/library/ALLSOP_Transport.pdf

http://www.publicworld.org/files/larailenglish.pdf

http://www.rnw.nl/africa/bulletin/opposition-majority-support-public-transport-bill

Do take some time to read to understand the issues at hand. Privatisation is not a panacea for all problems, but neither is taking it back to g'ment. Either way someone pays.

There is another whole can of worms involving quasi-privatisation when 'privatisation' is not really privatisation but just privatisation of accountability. For example, SMRT is majority owned by Temasek. We all know who owns Temasek. But apparently when SMRT messes up, one can pretend that it is a purely commercial entity and that it is the 'private sector' that messes up. Same goes for the likes of Singtel, SIA, DBS, Capital Land etc etc.

[Strparent]

pirate:

There is another whole can of worms involving quasi-privatisation when 'privatisation' is not really privatisation but just privatisation of accountability. For example, SMRT is majority owned by Temasek. We all know who owns Temasek. But apparently when SMRT messes up, one can pretend that it is a purely commercial entity and that it is the 'private sector' that messes up. Same goes for the likes of Singtel, SIA, DBS, Capital Land etc etc.

:evil: :evil:

[Strparent]

Way2GO:

4 other companies on seeing d who-who in d $2 company turned tail n ran in a sure-win deal, n u so garang want to go head-to-head with it?
fren, u r in d wrong company.

W2G, its not the who-who in d $2 company that others fear....its the WHO that is behind those who-who that scares the other 4 companies ! :imanangel:

Nebbermind:

if I sponsor $5, can I be one of the directors?

NBM, u can be director, but bear in mind - directors in this situation no fees nor remuneration benefits de hor......

on a puzzling note, if the company is indeed only a $2 paid up set-up, who forked out the $140k to pay for the software in the winning tender ? :scratchhead: :scratchhead:

http://theonlinecitizen.com/2012/12/town-councils-software-sold-for-peanuts/, in case 3Boys missed the jizz of the mystery deal.

http://i46.tinypic.com/ioiw5h.jpg\">
http://i50.tinypic.com/10cj9ev.jpg\">
http://i50.tinypic.com/2s6x107.jpg\">

[MR06]

Strparent:

Way2GO:

4 other companies on seeing d who-who in d $2 company turned tail n ran in a sure-win deal, n u so garang want to go head-to-head with it?
fren, u r in d wrong company.

W2G, its not the who-who in d $2 company that others fear....its the WHO that is behind those who-who that scares the other 4 companies ! :imanangel:

Nebbermind:

if I sponsor $5, can I be one of the directors?

NBM, u can be director, but bear in mind - directors in this situation no fees nor remuneration benefits de hor......

on a puzzling note, if the company is indeed only a $2 paid up set-up, who forked out the $140k to pay for the software in the winning tender ? :scratchhead: :scratchhead:

http://theonlinecitizen.com/2012/12/town-councils-software-sold-for-peanuts/, in case 3Boys missed the jizz of the mystery deal.

http://i46.tinypic.com/ioiw5h.jpg\">
http://i50.tinypic.com/10cj9ev.jpg\">
http://i50.tinypic.com/2s6x107.jpg\">

:rotflmao: 3Boys, I happened to have popcorns and some free time hanging around in this thread.... :salute: Strparent for the summary

[limlim]

Privatize the profits..


Socialize the cost.. :evil: :evil:

[3Boys]

Haha! Bizzy bizzy these few days.


It’s ok, I’m no fan of PAP political tactics even in the best of times. But I do think whatever’s been posted on the internet is a little superficial and biased. So I’m sitting this one out…

[3Boys]

limlim:

Privatize the profits..


Socialize the cost.. :evil: :evil:

As a private citizen you have every right to participate in the profits where you can find them. :evil:

[limlim]

3Boys:

limlim:

Privatize the profits..


Socialize the cost.. :evil: :evil:

As a private citizen you have every right to participate in the profits where you can find them. :evil:

That's why, the rich get richer bcoz they hv the \"extra\" means to invest and grow the wealth, while the poor are always paced out..

When your income is barely sufficient to feed the family and provide a shelter, you don't park $10000 in the stock market to earn $500 a year.

[pirate]

3Boys:

limlim:

Privatize the profits..


Socialize the cost.. :evil: :evil:

As a private citizen you have every right to participate in the profits where you can find them. :evil:

I have no problem with privatizing the profits since private citizens are free to buy the shares to participate in the profits. It's the passing the buck that I don't like. Am I supposed to believe that the government (through Temasek etc) being the ultimate controlling shareholders do not exert any influence over the boards of these companies but let them do pretty much as they please? If that is the case, it amounts to gross dereliction of duty. But if they do exert influence (as they should), then the buck should stop at the minister, not the CEO.