We understand the vital importance of good leadership, political stability and long-term planning. We ourselves are the beneficiaries of the imaginat… - Lawrence Wong

The social compact is in many ways, the essence of the Singapore Story. It is about who we are and the kind of society we want to be. And I believe all Singaporeans would like Singapore to be a place where there are opportunities for everyone to excel, thrive, maximise their potential and be the best possible version of themselves. But everyone is different. We all have different abilities and strengths. We learn at different paces, so recognising that, I think this pursuit of our dream, it is not about comparing with one another and ending up in some endless rat race. But it is really about understanding what our strengths are, what paths each one of us might choose, and in the end, embracing these different, multiple pathways of success.

My generation's story is the story of independent Singapore. Our lives are testimony to the values that forged our nation: Incorruptibility, meritocracy, multiracialism, justice and equality. These principles are deeply ingrained in all of us.

Today, Singapore is at a high economic level, compared to most other countries. By international standards, we have built excellent systems of education, housing, healthcare and transport. But our circumstances are changing, technology is advancing and our population is ageing fast. So we cannot afford to cruise along. We must continue to do our best - to improve, upgrade and transform Singapore. I am convinced we can and we must, do better