For the presidential poll in March, Democratic Progressive Party (DPP) strategists should employ optimism rather than the defeatism that DPP candidate Frank Hsieh (
Ending defeatism cannot be accomplished without an energetic campaign to counter accusations that the DPP is to blame for everything that has gone wrong with the country -- or even that things went wrong to begin with.
For years, the idea that the DPP has been responsible for an "economic downturn" in Taiwan has been beaten into the consciousness so vigorously and with so little resistance that it has become received wisdom. Every day we hear about Taiwan's "slouching" or "limping" economy or, if we listen to the Chinese Nationalist Party (KMT), about people struggling to make ends meet and barely eking out a living.
These economic "doldrums" and the DPP's culpability are examples of mythmaking, the result of a campaign of lies that successfully tapped into the irrational and uninformed fears of people who, in many cases, have never had it better.
At times the public seems to inhabit a psychological realm that can border on the downright gullible. As a result, a long series of reports on big retail companies making record profits, the stock market reaching new heights and unemployment falling to its lowest level since February 2001 were ignored.
Instead, everything is seen through the gloomy lens of pessimism: GDP growth is "only" 5.9 percent; unemployment is at a "high" level of 3.9 percent. What many fail to realize, however, is that GDP growth of 5.9 percent is more than respectable, while a unemployment rate of 3.9 percent would be the envy of many a country.
Part of the problem is comparing Taiwan with developing countries such as China -- a practice most unfair, as Taiwan is a modern, developed country and double-digit GDP growth will never happen again. The US, Germany, Britain and France haven't experienced sustained growth of this magnitude in decades, if ever, and economists there would be dancing in the streets if they experienced Taiwan's 5.9 percent growth.
Developing countries like China, Thailand and India have primitive economic circumstances and social and environmental dangers that are rarely factored into long-term economic forecasts.
True, there are grounds for complaint for middle to low-income workers. They rightly say that their wages have not risen -- for close to a decade in some cases -- in response to inflation. But instead of noting the effective absence of labor unions -- an important feature of most advanced economies -- and confronting employers who prefer to reroute entitlements into unpredictable annual bonuses, the government is blamed, even though it can only legislate for the minimum -- and minimal -- wage.
With all its faults, the DPP came to power at a time when the very paradigms of international relations were being shaken. Blaming the government for this is invidious. Love it or hate it, the DPP didn't orchestrate the Sept. 11 attacks, the US-led "war on terror," the invasion of Iraq, the US subprime mortgage crisis or record oil prices.
Once and for all, as it prepares for the March elections, the DPP and its presidential candidate should get their act together and light a candle in the dark to ward off the imaginary monster of economic failure.
Such myths have only ever helped the KMT.
Taiwan Semiconductor Manufacturing Co (TSMC) founder Morris Chang (張忠謀) has repeatedly voiced concern over the weakening cost competitiveness of its US fabs and challenged the US’ “on-shore” policy of building domestic semiconductor capacity. Yet not once has the government said anything, even though the economy is highly dependent on the chip industry. In the US, the cost of operating a semiconductor factory is at least twice the amount required to operate one in Taiwan, rather than the 50 percent he had previously calculated, Chang said on Thursday last week at a forum arranged by CommonWealth Magazine. He said that he had
The Twenty-Four Histories (中國廿四史) is a collection of official Chinese dynastic histories from Records of the Grand Historian (史記) to the History of the Ming Dynasty (明史) that cover the time from the legendary Yellow Emperor (黃帝) to the Chongzhen Emperor (崇禎), the last Ming emperor. History is written by the victors. These histories are not merely records of the rise and fall of emperors, they also demonstrate the ways in which conquerors embellished their own achievements while deriding those of the conquered. The history written by the People’s Republic of China (PRC) is no exception. The PRC presents its
In August 2013, Reuters reported that Beijing had been gaining soft power with investment commitments and trade with countries in Latin America. However, instead of jumping on the chance to make new allies, China stalled requests to establish diplomatic relations with the countries to avoid galling Taiwanese voters. Beijing was also courting then-president Ma Ying-jeou (馬英九), and the tactic left China with a trump card if cross-strait relations turned cool. China had rebuffed at least five countries’ requests to switch diplomatic recognition to Beijing, the report said, quoting a China analyst. Honduras could become the ninth diplomatic ally, and also the fifth
OpenAI has announced a major upgrade to the technology that underpins ChatGPT, the seemingly magical online tool that professionals have been using to draft e-mails, write blog posts and more. If you think of ChatGPT as a car, the new language model known as GPT-4 adds a more powerful engine. The old ChatGPT could only read text. The new ChatGPT can look at a photograph of the contents of your fridge and suggest a dinner recipe. The old ChatGPT scored in the 10th percentile on the bar exam. The new one was in the 90th. In the hours since its release,
RSS