All posts filed under: Economics

Why more Finns should learn business and why more Singaporeans should learn vision. From each other.

Quick post before I go on to a precious friend’s bridal gown fitting. OMG I am so excited! Just now I spoke to a professional wedding decorator, and she’s amazing. At the end of our interview, we concluded that it’s ideal to do something you like, but it’s so important to find a way to make your passion a sustainable business.  Making your passion a sustainable business is not something a lot of people know how to do. In fact, most creative folks just live their lives not being able to monetise their passions, whereas most business folks just live their lives solely focused on profit maximization, and not being able to do something meaningful that contributes to the larger society. I don’t know why, but I was particularly touched when she said that. Her portfolio is amazing, and her vision to be an ideal wedding decorator for the masses just touches my heart. You see, experienced decorators usually end up serving the luxury sector and the super rich in the Singaporean context. She on the …

The closed door: on pain, something lost forever and moving on.

Good morning! Today, I am going to write about something personal that has been affecting me since August last year. I haven’t really attempted to articulate this pain until recently, so before this post the pain was just known to me as “pain X”.  I’m not kidding. “Pain X” basically feels like this: I’m not sure how big I would be if I were to draw myself side by side “pain X”. Maybe I’d be consumed by it? Maybe “pain X” is within me? Maybe “pain X” would be so small that it wouldn’t matter eventually? Or maybe, it’s all a choice about how big or small you want to draw yourself, vis-a-vis “pain X”? So today, I want to write about a closed door and “pain X” with the hope that I can look back at this post from time to time and help myself move on when I stumble. I hope my sharing can help you too, if you are struggling with your respective “pain X”. Obviously it’s not easy to write about “pain X”, or on the topic of letting go, or …

This exciting basic income research!

Hello!! 😀 Today I am going to blog about this basic income research that is currently in the preliminary stages, helmed by KELA and a few distinguished professors in Finland. KELA is like this social welfare institution in Finland which runs social benefit programs. This “Basic Income” research has totally been milked by major news outlets via click baits. It’s quite funny really: [Mashable] Finland plans to pay everyone in the country $876 a month. [Quartz] Finland plans to give every citizen a basic income of 800euros a month. [The Independent] Finland plans to give every citizen 800 euros a month and scrap benefits. So these titles are giving the impression that “WOW! Finnish government is totally giving free money to everyone every month!!” The truth however, is that this is an ongoing research involving a tiny part of the Finnish population (in KELA’s slides it gives a percentage of 10%), so that probably involves less than 500,000 people living in Finland. Assuming adults above 21 take 70% of this 500,000, this would mean 350,000 …

How to beat the system.

A simple answer: you can’t ever beat any system in the next 50 years. So, change can happen only if– the system fails completely; you adjust your  your personal expectations to suit the norms of the system, i.e. compromise; or you relocate to another system. It’s close to impossible for the Finnish system to fail completely, because Finland practises this so called “social democracy”. This implies no strong political leadership/dictatorship. In fact, recently, the Finance minister Alexander Stubb was found lying more than once to parliament. (watch this video where he got assaulted by a random man) In other words, no political leaders dare to lead with resolution. The result is paralysis–you won’t succeed fast, but you won’t fail fast either. Just look at some of the headlines plaguing the Finnish society recently: {Decreasing Finnish labour productivity} Labour market negotiations fail further. {Rigid Finnish bureaucracy towards entrepreneurs and new businesses, especially FOREIGN investment} Investing in Finland? Prepare for red tape and political indecision. {Wanting to be “global” but forcing Finnish universities to undergo great funding …

Is Finland’s Labour Productivity High or Low?

Good Morning Starshines! 🙂 Today I am going to write a piece about Finland’s labour productivity, because I’m confused by certain popular sentiments that boldly assert that Finland’s labour productivity is high. This is in spite of clear 2015, current evidence by the World Economic Forum that strongly suggests that Finland’s labour productivity is not only low; the nation’s labour productivity growth rate is also dismal over the years vis-a-vis its nordic neighbours, and vis-a-vis the stronger economies in EU15. I wonder how and where people in Finland get the impression that the labour productivity is high in the region? Clarification of Intention: I researched this topic last night because as the owner of a social media company based in Singapore, we have four permanent staffs. I am always committed to increase the productivity of myself and my team, and we do make quite some investment on IT within the company, for instance. My work ethics is straightforward: I first encourage my team to be clear about what we want to do, then measure our work progress …