Commentary
The Kent Ridge Common, 21 Aug 2009
SINGAPORE – It is perfectly understandable if one perceives the PAP government as one that is being obsessed with GDP figures while displaying an indifferent attitude to the Gini coefficient. Mark Twain himself said:”There are three kinds of lies: lies, damned lies, and statistics.” Of course, no one here is insisting that the mathematics involved in the calculation of our GDP figures is aberrant. The problem is the selective bias towards a metric that gives an impression that a country is doing well while ignoring the stories told by other metrics.
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