Wednesday, January 19, 2011

Remembering Dr. Goh Keng Swee

Dr. Goh Keng Swee was the deputy Prime Minister in the 1970s. He was the person responsible for building up the economic and social foundation that contributed to the success and vibrancy of Singapore today.

I know Dr. Goh personally and wish to point out his great qualities:

  • He is frugal and does not waste money
  • He uses his common sense and do not rely on advice of consultants and bankers
The bankers wanted Singapore to open up its economy and internationalize the Singapore dollar. Dr. Goh knew the risk of allowing these bankers to have their way. They could play the currency and destroy an economy. Dr. Goh would also not spend tens of millions of dollars in paying consultants to advice on decisions that can be made by common sense. He is frugal anyway.


It is quite sad that many or our leaders today are willing to pay a lot of money in engaging consultants or paying for expensive infrastructure, so that they do not have to decide and take responsibility for their decision. The big expenses, whether by the state or the commercial enterprises, must surely be reflected in the higher prices that are paid by consumers, adding to the huge increase in the cost of living. I wish that Dr. Goh is still around to stop these wasteful expenditures.

Tan Kin Lian