This video explores the paradox of Singapore's success, where it is a highly prosperous nation on paper, but many young locals feel it's difficult to build wealth and secure their future (0:00). The video highlights several key aspects of Singapore's development and its current challenges: Singapore's Founding and Economic Strategy (4:15): Singapore gained independence in 1965 under Prime Minister Lee Kuan Yew, facing a lack of natural resources and a fragile future. Lee's bold gamble was to open Singapore to the world, attracting foreign capital and talent with low taxes, anti-corruption measures, and world-class infrastructure. This "foreigner-first" approach led to rapid economic growth, transforming Singapore into a global economic hub (9:01-12:35). The Hidden Price of Prosperity (14:42): Housing Crisis: While public housing (HDB flats) was designed to be affordable, resale prices have skyrocketed, making it difficult for young Singaporeans to afford a home despite government grants (14:46-19:11). High Cost of Living: As a tiny island with no natural resources, almost everything is imported, leading to high prices for essentials like groceries and cars, exacerbated by global economic factors (19:16-21:50). Burnout and Pressure: Singaporean workers experience high levels of burnout due to long hours, intense competition, and the pressure to support aging parents and fund children's education (21:54-22:20). Singapore's "Kiasu" Culture and Barriers to Risk-Taking (22:50): "Kiasu" Mindset: This Hokkien phrase, meaning "afraid to lose," describes a pervasive anxiety-driven need to play it safe and avoid disadvantage (22:54-23:28). Education System: The highly competitive and exam-focused education system, with crucial exams like the PSLE at age 12, rewards conformity and memorization, instilling a fear of making mistakes (23:51-25:31). Although reforms like Full Subject-Based Banding (FSBB) are being introduced to offer more flexibility, the ingrained mindset of "no second chances" persists (25:32-26:14). National Service: Mandatory two-year national service for Singaporean men after high school means they fall two years behind their international peers in education or career, further reinforcing discipline, hierarchy, and obedience, potentially hindering risk-taking and innovation (28:15-29:57). Startup Ecosystem Challenges: Despite government support for startups, local founders compete with international founders who see Singapore as a lucrative market. The opportunity cost of leaving stable jobs, coupled with cultural conditioning to play it safe, makes starting a business a daunting gamble for many Singaporeans (30:39-33:20). Additionally, the video highlights a common limitation for local founders in "showmanship" and presenting their ideas effectively (34:15-34:57). The video concludes by questioning whether Singapore's "ultimate bubble" of stability, built on the risks taken by its founding generation, can adapt to future challenges like plummeting birth rates and young Singaporeans seeking opportunities abroad. It suggests that empowering homegrown Singaporeans to take risks and learn from failure is crucial for the nation's next chapter (35:00-36:59).

Many are Thai Chinese mah

Sorry. Moi only target Chinese 

the two words bery chim lah moi no understand them