I've been stating that GDP growth over past couple of years are nothing to be boasted about by the shameless hybrid regime. Such kind of growth is cancerous growth. I'm appalled that 60% of voters still voted for the hybrid regime in 2011 despite ominous signs already showing up before their very eyes.
It is no coincidence that moneylending & pawnshop businesses boom following the establishment of casinos. Economic growth at all costs, the hell with the social repercussions. That is the approach of the hybrid regime.
2011 Dec - Mushrooming of Pawnshops All Over S'pore like Weeds (my blogspost about signs of cancer)
2014 Jan - More moneylenders moving into heartland (cancer has spread to all parts of body)
Best comment by a lady for the "coffin stage" news reported by Shit Times:
It is not just that honest businesses like apparel shops & hair salons that have bite the dust. In fact it is even worse than what the shit times have reported.
Just how fucked up is the economic situation? Let's look at the rot in Clementi where i reside. The below pictures are taken in mid october last year.
Another dead one. Booming economy my ass!
Signs are apparent that the economy is extremely debt laden with these pawnshops & credit businesses. It'll only get worse with the suppression of wages by the hybrid regime with massive influx on cheaper foreign workers. These foreign workers are here to earn as much S$ so they won't be spending much except on necessities.
Just like the S'pore Flyer ferris wheel which has gone bankrupt, counting on foreign customers/workers for profits is a dumb move. Now that the local peasantry are 'maxed out', the local economy is maxed out as well.
How many dead businesses which are still vacant in other peasant neighborhoods in this country?