Meritocracy will continue to function as a filter to identify those who are gifted early and reward them with opportunities which is good for Singapore as we cannot adopt an attitude of pulling everyone down to the same denominator. Our approach must instead be to try and pull everyone up by providing them with the opportunities to do so. At the same time, we need to ensure that the path developed for those who have benefitted from meritocracy does not stifle the growth of late bloomers or those who excel in non-academic areas. We must make meritocracy inclusive and one that does not inhibit social mobility

The raison d’etre for meritocracy is clear. The economic advantage that accrues to a person should depend on capabilities and effort rather than family background. Meritocracy allows the most talented to succeed through equality of opportunities and fair competition leading to a more equitable distribution of income and wealth. Meritocracy facilitated social mobility in Singapore, enabling the growth of an expanding middle class. We now agree, however, that the very conditions that contributed to meritocracy can also result in inequality.

Throughout our nation building journey, we have repeatedly faced challenges and setbacks. We survived when few believed we would. When we started out in 1965, the journey looked so daunting, with so many problems to solve. But with courage and determination, our founding leaders and pioneer generations tackled challenges head-on, one by one, and built this thriving metropolis.