about time to get rid of the elephant in the room that has fallen from grace. Nvidia, AMD, Qualcomm, Broadcom are the real game changers. 

it's one of the failures of a centrally planned economy. China is reflecting the same issues. In Japan's large cities, many own a car. The govt only made it prohibitively costly to drive one or park one. Largely becos, Japan makes cars and also many drive out of town for weekends.  Singapore should review the auction based COE system. It does not reflect a caring society but one in favor of the wealthy. The rich can buy time but everyone else must wait for the next train or bus.