Sunday, September 27, 2009
The Victory of Anti-Casino Movement in Taiwan
Taiwanese in Peng Hu has voted against the building of Casino Resorts on Saturday, 26 September 2009. It is a great victory for people around the world who are against Casino gambling.
This world has too much greed going around and greed has just created a big mess in the finance industry resulting a world wide economic slow down and recession. Greed may be part of the human tools in making the free market possible but uncontrolled greed will be devastating to the whole system and societies.
Photo from China Times
It is just too bad that Singaporeans have allowed PAP to monopolize power and do whatever they want without proper consultation from the people. We are walking into an era of unknown social impact brought by the Casino Resorts which will be due by 2010. I could foresee that the PAP government would most probably waive the $100 entry fee for Singaporeans in order to save these multi-billion projects if revenue does not meet their initial expectations.
The very same excuse used by governments all over the world in saving banks and financial institutions which were at the brink of their collapse would be invoked, "they are just too big to fail". We will be held hostage by the two casino resorts if they fail and we could even envisage that taxpayers money would be used to bail them out if necessary.
The Taiwanese Anti-Casino victory may send a strong signal to the world that ultra-capitalism may not have its way if proper democratic process is being installed. However, it would mean little to Singaporeans as we are after all a small country with power monopolized by a single ruling party. Singapore may just become the Sin City of Southeast Asia basically because we lack the democratic means to decide whether we would allow ultra-capitalism like building Casino Resorts to take us on.
Goh Meng Seng