Mar 23 2010
Does Singapore need to slow down? Clarence Chua says…
Yes, but only enough to give people some time to smart up.
They bolt from home at seven a.m., hoping to beat the crushing MRT jam. Thirteen hours later they return at eight p.m., exhausted from battling demanding bosses and rush hour traffic. They have no time to stop and breathe; no time to see the sun rise and set.
This speed-drugged nation is already moving so fast as to disenchant a whole generation. Not too long ago many of my peers were fresh-faced graduates; two years later relentless work has already claimed more than a few ideals, and eyebags.
But I suspect a different criminal than speed per se. What caused this speed?
To my mind, the axe falls on an insufficient education system. This risk-averse institution trains tens of thousands of children to spend the rest of their days serving so-called reputable companies.
In other words, this locks scores of them into a fixed amount earnable per year, and traps them into dependency on meagre bonuses – which they fritter away on a year-end holiday to help relieve the accumulated stress.
To help bolster their paypacket, they slave longer hours in the office, speeding up the vicious economic cycle.
Yes, we all want success – but the trick is not more speed. According to many who have broken from this cycle, it is instead a passion for entrepreneurship.
Success stories such as Adam Khoo (at 26 years old one of Singapore’s youngest millionaires) tout very different vehicles to success: business and investment.
To begin on any of those requires a courage to fail, leveraging on the success of others, and a roving eye for opportunity – few skills the standard MOE education system trains.
The great American writer Mark Twain said it best: “I never let my schooling interfere with my education.” It seems all the greats concur on one thing: we need to unlearn what we learnt in school.
So, should Singapore slow down? No. Economically it should speed up; crucially, it must smart up.
The BBC reports that the Massachusetts Institute of Technology (MIT) churns out almost half of the leaders of companies in Silicon Valley – a global hub of entrepreneurship. In that hallowed institution, they learnt to take risks, wheel and deal, and build companies.
As a Primary-Secondary-JC-University product, I treasure my education, but learnt little about these skills. But the side story saw me establish a designing business, which I pursued and grew alongside my studies.
The result? My degree secured me a regular job in 2008. In one year, I earned a distinctly average wage. But in that same period, I developed this business; just eight months later, it harvested more than my regular job’s annual sum!
It was not just about speed, but pluck, and to be honest, lots of luck. But fortune favours the brave.
So echoes James Sun, a successful Korean American entrepreneur, in a recent Straits Times interview. When he was growing up, he had observed that friends with poor fathers watched TV in their free time, while the rich dads read the Wall Street Journal. These wealthy fathers used their market awareness to invest and grow their business – as did James Sun, who at 33 is a retired multi-millionaire.
Slowing down might allow us more breathing space, and taking a breather is important – especially if one is an overworked employee.
But the worker could choose to do two things now: numb his mind via the TV, or ponder his entrepreneurial potential.
If they succeed in the latter and make it as boss, then they can take it slow – anytime they want.
Clarence is an environmentalist — he is now building a system to grow grass on his car roof, an entrepreneur — he runs an aquarium design business, and an idealist — he doesn’t have a single pirated song. He hopes to one day live in a hill-top treehouse overlooking the mountains.
