Wednesday, July 28, 2021

Wisdom of the Crowd - New Issues

1. Is Xi Jinping good for China?
2. Should vaccination be made compulsory?
3. Is vaccination useful to fight covid?

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Future of Singapore

I am worried about the future for Singapore.

I get the impression that during the past 18 months, most of our ministers are focused on fighting the covid pandemic. 

What about other important matters, such as:

- running the country?
- making sure that our people have jobs?
- combating crime?
- make sure that Singapore remains competitive in the new global economy?
- address the pressures of our education system?
- encouraging our young families to have children?
- ensure that our national defense is reliable?

We have so many problems that need to be addressed. The job of the ministers is not just to combat covid (although it is important) and to set complicated rules on social distancing.

I could be wrong. Maybe they are also paying attention to these important issues. 

Respect the scholars and experts

 In the old days, a small proportion of the population are scholars . They are people who knows how to reason and use logic.

The rest of the population are good in other skills -to be farmers, craftsmen, traders, builders, etc.

The ordinary people respect the scholars for their knowledge and ability to reach the right decisions. They do not think that they are smarter than the scholars.

By scholars, I now include the experts in the special fields of medicine, law, finance, engineering, etc.

Today, we have a system where we educate most people to their level of incompetence. Many people think that they are smart, but in actuality they lack the skill of reasoning and logic.

Worse, they do not respect the experts. They think that they are smarter than the experts.

I am not saying that the system in the old days are perfect. The scholars and experts can also make mistakes and act corruptly.

But the old system where there is respect for scholars and experts is better than today, where everyone thinks that he or she is an expert.

Allow vaccinated people to resume normal activities

Prof Tommy Koh suggested that vaccinated people should be allowed to resume normal lives and that unvaccinated people should not be allowed to visit crowded places and restaurants.

Many people responded strongly against this suggestion. They argued that this is discriminatory and unfair to the people who choose to be unvaccinated for various reasons - some are not medically fit to be vaccinated while others think that vaccination is more harmful than good.

The argument that the proposal is discriminatory is just one perspective. I see the issue from a different perspective. 

At present, the entire population is being restricted from normal activities to prevent the spread of the virus. 

The proposal put forward by Prof Koh is to allow the vaccinated people to resume their normal activities as the risk of the infection is reduced considerably by the vaccination. 

Although the vaccinated people can still be infected, the virus is likely to be mild. It will not harm the infected person, who will recover after a few days. 

Furthermore, the virus is less likely to spread when it is in a mild state. 

I believe that it is quite safe to allow the vaccinated people to resume their normal activities, such as visiting restaurants, gyms and to resume international travel.

Although the risk is low, the vaccinated people are still advised to continue to wear a mask and to practice social distancing in crowded places.

Instead of describing the proposal as "penalizing the unvaccinated", it should be described as "allowing the vaccinated people, who are low risk, to resume their normal activities. 

Several countries have already taken this step. Prof Koh's proposal is along the same lines.

Is vaccination useful?

 Some people argued that vaccination is not useful as many vaccinated people are being infected anyway.

Here is my view on the data.

Tuesday, July 27, 2021

WOTC - Will Hong Kong do well as an independent country?

 Wisdom of the Crowd: 52% of the respondents said that Hong Kong will do well as an independent country.

Tesla stock price

 Will Tesla price move up after the excellent results for Q2 of 2021? Here is my view.

Tesla's results for Q2 of 2021 were excellent

 Tesla's results were excellent.

Here are two videos

Dave Lee

Tesla Daily

The profit on automotive sales exceeded analysts' expectations.
I made an optimistic forecast earlier and was quite accurate.

Monday, July 26, 2021

Use of ivermectin to treat covid

 Here are my views about the use of ivermectin to treat covid patients.

I may not be a medical professional, but I use my common sense after reading the reports on the use of this drug.

WOTC - Change policy on National Service

 Wisdom of the Crowd: 78% of the respondents said that the current policy on National Service should be changed.

Sunday, July 25, 2021

Wisdom of the Crowd - New Issues

1. Should China allow WHO to investigate the Wuhan lab a second time?
2. Should China agree to request from Australia to meet and resolve their differences?

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WOTC - Reduce the disadvantage faced by locals in job market

 Wisdom of the Crowd: 58% of the respondents said that the inflow of foreigners should be restricted to reduce the disadvantage faced by locals in the job market.

Restrictions on dine-in

 This new arrangement will reduce the loss of business suffered by the food outlets and, at the same time, help to contain the spread of the covid virus.

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