Friday, February 19, 2016
Policy Making: Need skin in the game
This article had helped me focus my thought toward one conclusion. This government will not change its approach without learning that it doesn't work the hard way. In other words the hardship would be on the people. I think structurally it is vital that policy makers must have skin in the game. They must suffer the pain of failure sooner than us otherwise we would all learn lessons the painful way.
Now they are crying for help and asking for assistance. Their leverage as usual is to play the "too big to fail" game with the authorities if they could. In this way they could get what they want, a real moral hazard for us. Egregiously the PAP also play the same game with us as well. That is why they are falling short on accountability.
Posted by PengYou at 9:02 AM