The outcome of the Singapore General Election suggests that many Singaporeans want a more inclusive set of indices to monitor distribution of wealth, observes K Kesavapany.
The goal must be
the adoption of a low-consumption, low-growth, high-equity development
model that results in an improvement in people’s welfare, a better
quality of life for all, and greater democratic control of production, says Walden Bello. Unfortunately, the elites of the North and the South will not likely agree to such
a comprehensive response. The farthest they are likely to go is for
techno-fixes and a market-based cap-and-trade system.