Analysis of the political environment in Singapore

This is an article written with respect to the climax of political environment happening in Singapore.

Bounded Rationality on choosing the right party
According to Herbert Simon (1958), he said that humans are bounded rational, rather than optimizing, the actor satisfies that is, choosing a satisfying course of action which is based on a sub-set of all alternative courses of action. These is especially true when there are information bombarding us about the various political parties agenda, in this case the good and the bad of them.

Choosing the right political party, requires careful thought and analysis and these require lots of time. Since living in Singapore can be quite busy sometimes, where do people find the time to scrutinize every party manifesto. Hence, we relied on network externalities such as word of mouth, online social media such as Facebook, The Online Citizen & Temasek Review to make a bounded rational decision to vote. In my opinon, the online netizens will have a more negative impression on the incumbent party.

Information is power
This would be better expressed as 'asymmetric information confers power' The central question which arises now is how distribution of information/knowledge in an organisation determines the way it is controlled and co-ordinated and, thus, perhaps also its objectives. Information about the overspending breakdown of the YOG budget is perhaps not reveal fully, how then can we know the justification of overspending. If the overspending was done to spur marketing efforts to attract tourists and provide jobs such as cleaners to clean the stadium, I can fully understand the government efforts.

Conclusion
There is a growing trend in which youth these days are taking their grievances onto social media, and they are not afraid to speak up their minds. While the incumbents have done a good job in ensuring the peace and stability of our country, the question is we are taught in universities to critically analyse the proposition and give an alternative answers to a particular question. Then why shouldn't we have a fair debate on the policies. The government should not dismiss the online netizens entirely as noise as some of them posted valid arguments for the betterment of Singapore. In order to be competitve in this world, we need to be innovative not just in businesses but also in politics as well. Clashes of ideas will bring forth ideas that may potentially bring our country to the next level.