Biden invites 110 countries including Malaysia, Indonesia & Philippines to democracy summit, but not Singapore?

[vi-va]

This will hurt not only common people through inflation but also government debt payment and private sector who has debt in USD. We will see what will happen until the end of 2021.

Turkey has high trade deficit, this make the fall of Lira hit the economy so badly. Erdogan will still be around until 2023

View attachment 797353

If our inflation is high then it make our currency value go down, in order to avoid common people buy USD which will crush our own currency value, Central Bank needs to increase the interest rate so that people want to hold our own currency. I dont know why Turkish economist cannot convince Erdogan with that simple analogy

Turkey problem can't be fixed by increasing interest rate. This is just IMF propaganda. Those countries who followed the procedure you just mentioned failed.

Turkey problem was over borrowing and current account deficit as well as coivd-19 which hit Turkey tourism economy.

Turkey currency was over valued since 2000, the inflow of capital kept Lira high. When Turkey was hit by coivd-19 and deterioration relationship with EU and US, capital flows out.

Increasing interest is the worst measure you want to take. It will hit real economy, such as industry, agriculture. It can't stop people from buying USD/Euro at all.

I am surprised that people like you who suffered Southeast Asia financial crisis in 1997 don't understand that.

There is no easy way to fix Turkey currency issue. If I am Erdoğan, I will keep Lira currency low, inflation high for a couple of years, cut import, increase export, fix deficit issue. Increase tax on unnecessary import, such as luxuries, expend government expenditure, increase subsidies of basic necessities like food and medicine.

Just forget IMF propaganda.

 

[vi-va]

Actually I also dont believe in any real democracy there will be any party who can win election with very high percentage.

For those countries, none of the party can win by a large margin, is called dysfunctional society. There is no consensus.

Do tell me, 100 people, 4 parties A, B, C D, win by
A: 26(left)
B: 25(central left)
C: 25(central right)
D: 24(right)

Then A+B form a coalition of government to rule C+D. Will the rest of minority 49 people happily ruled by the majority of 51?
This is called tyranny of majority by definition. The left rule the right.

OK, then 2 of the voters changed their mind, joined C+D. Will the rest of minority 49 people happily ruled by the majority of 51?

This is called tyranny of majority by definition. The right rule the left.

2 people decide the fate of 98 people, is it democratic?

This is called democrazy, or sectarianism, factionalism. Has nothing to do with democracy.

Society without enough consensus is called dysfunctional society by definition.

 

[Menthol]

There's actually no need for us to attend either... what's the point of this conference anyway..?

It's for democracy vs not democracy.

Cold War v2

 

[Falconless]

Singapore adopt Western Multi Party Liberal Democracy one day, it's the end of Singapore.

It’s already a parliamentary republic, just need to wait for an opposition party to build an eventual Majority.

 

[Beast]

That is not the issue, the issue is that Singapore government always said their system is democratic. Actually many flaws democracy like Iraq and Philippine are invited, this makes people think that the reason Singapore is not invited not because of tight government control, limiting their people freedom, it could be due to the concern that Singaporean election is not fair. This then will make it become a serious domestic issue.

Actually I also dont believe in any real democracy there will be any party who can win election with very high percentage. Even in Indonesia, the biggest party, PDI-P, can only manage to get 20 % votes. We are talking about parliament votes since Singapore uses parliamentary system, there is no direct Presidential election there.

Talking about Presidential election in Indonesia, any popular candidate like Susilo Bambang Yudhoyono or Jokowi still cannot exceed 60 % votes in ballot box, the most they can get is 55-56 % and this can only happen in the second round where the candidate who are competing only two.

It is due to Singapore not obeying US anti- China policy or not joining their anti-China alliance.

 

[vi-va]

It’s already a parliamentary republic, just need to wait for an opposition party to build an eventual Majority.

Not possible.
The opposition is just a cover-up, it may become a majority only when Singapore was penetrated like many other countries.

 

[Falconless]

Not possible.
The opposition is just a cover-up, it may become a majority only when Singapore was penetrated like many other countries.

Everyone thought UMWO would never lose the majority in Malaysia until it did, don’t rule out something similar happening in Singapore if PAP stops delivering.