When you're Singapore and your existence depends on performance — extraordinary performance, better than your competitors — when that performance disappears because the system on which it's been based becomes eroded, then you've lost everything... I try to tell the younger generation that and they say the old man is playing the same record, we've heard it all before. I happen to know how we got here and I know how we can unscramble it.
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The current system failure is thousands of years in the making and touches on every aspect of society. There is no magic-bullet solution. Nor will marginal adjustments to the current self-destructive system suffice. We must reinvent our culture and our institutions from the bottom up. The observations I share in this report are the product of my life experience, much of it living and working in Africa, Asia, and Latin America...
We were raised to believe that if we worked hard enough, we could win the system - of American capitalism and meritocracy - or at least live comfortably within it. But something happened in the late 2010s. We looked up from our work and realized, there’s no winning the system when the system itself is broken.
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