tricycle economy

Easy to propel forward. Easy to stop and stand still.

No fear of falling (gravity) and no incentive to pedal forward (inertia).

The blessing and curse of a stimulus-dependent economy.

To move  forward, one needs to fight both gravity and inertia.

An extra wheel offers the illusion that things are stable and safe. But it does not create momentum.

If we start with Apple and ATT network, then where are the “B”‘s companies which are the engines of growth? BP?

Then we got C for China. They are going to play soccer today on world’s stage.

This comes after their space exploration and oil exploration.

China has government subsidies as well, But it empowers the province level to bid for businesses.

And if we skipped to S, we have Singapore. And it is a success story there.

Singapore now allows casinos. But only after it opened to tons of industries and foreign companies with rep offices.

Singapore economy is not run on three-wheels.

When you are busy, like Apple having sold 1.7 million I-phones 4 in a  few days, you don’t rely on third wheel, or any wheel.

You start flying, on adrenaline. Confidence feeds itself. Fear of falling on this side of  winning keeps one humble, but not from moving forward.

The wheel needs to come off to return our economy to a fast-moving Tour-de-Lance. G-20 countries seem to agree. Our muscles will be sore.

It will be good for us because muscles toned are muscles healed. Just another paradox.

Other countries, like China, have to struggle with limited language, limited natural resources and limited world trade (it barely joined WTO at the turn of the century), yet it hums along. Hence, besides IQ, EQ and SQ, we will need CQ (not the magazine, but C for confidence. Yes, we can). History tends to reward those who tried and failed than those who failed to try. We need that frontier mentality. Bold thinking, ballsy moves and gut-level execution. Time to take off that extra wheel.