The global economy is expected to go through a bad patch in 2019 and may persist for some time.
The Singapore economy is likely to be badly affected.
Businesses will have to close down. Workers will be retrenched. How are they going to cope with their mortgage payments and living expenses?
Workers who have some savings for emergencies wil be able to cope. What about the others?
This is a problem with the capitalist system. It is a predatory system. When businesses conditions are bad, people have to sell their businesses and homes at a big loss. Those with money will take over these assets at low prices.
Is there an alternative to this predatory system? I like to share some ideas.
https://tklcloud.com/Feedback/feedback2.aspx?id=1105
The Singapore economy is likely to be badly affected.
Businesses will have to close down. Workers will be retrenched. How are they going to cope with their mortgage payments and living expenses?
Workers who have some savings for emergencies wil be able to cope. What about the others?
This is a problem with the capitalist system. It is a predatory system. When businesses conditions are bad, people have to sell their businesses and homes at a big loss. Those with money will take over these assets at low prices.
Is there an alternative to this predatory system? I like to share some ideas.
https://tklcloud.com/Feedback/feedback2.aspx?id=1105
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