The 17 Oct issue of TODAY featured Psy and the economics of Gangnam style. Psy (Park Jae Sang) is suddenly famous. He holds the record for the highest number of Youtube likes (now over 4 million and still rising) and over 400 million views, after officially releasing his video on Youtube only in July this year.
Psy goes against the grain of successful pop stars. He is portly and by his own admission, is not good looking. He was once told by major record labels to get a drastic image overhaul, including plastic surgery to ever be successful. He did none of these and chose to “dress classy and dance cheesy”. He is the total opposite of what had made K-pop successful in the past: stars with long legs, robotic dance moves and years of training and grooming to make more out of the same mould.
He got South Korea’s finance minister talking about him. South Korea’s top economic official cited Psy as an example of the kind of creativity and international competitiveness the country needs. It was a plea for South Koreans to let their hair down and dream a bit.
As successful as South Korea is in the competitive world of global electronics and export, the finance minister recognises that the country needs to continue to find its own groove. It needs the creative Psy in businesses to go against the grain for the country to continue to propser as innovation becomes more important for success globally.
I believe Singapore needs that too. We may have found success in our early industrial policy. We went against the nationalistic grain of what our neighbours were doing and attracted multinationals to our shores. Former Perm Sec Ngiam Tong Dow had warned of flying on auto-pilot mode, relying on past successes as a sure and safe way for future progress. He was pushing for Singapore to grow its local ‘timber’, i.e. develop our SMEs to a level that they can compete globally. To do so, we will need innovation.
Innovation needs a mindset change. It is difficult to mandate innovation. It has to start from a culture from young where we dare to be different, where we dare to go against the grain and we dare to try alternatives. Our formula for success is too predictable. Our system has put too much emphasis on measuring children from young and sorting them into cookie-cutter programmes we think are best for them. We sieve out the elites through tests and channel them onto fast tracked programmes. We have created an excessive meritocratic education system where the rewards for doing well in academic examinations are exceedingly high. We will end up breeding a next generation of policymakers fixed on doing what had been done previously because that is the safer way to carry on with things.
To have a culture of innovation, we need to cultivate such an attitude right across all areas of our society. If we want a Singapore Psy, we need to let our hair down in our creative sector, even if it causes a bit of discomfort sometimes. Once a while, over enthusiastic officials will clamp down on artistic expressions in the fringes, afraid that our population cannot discern. We will get conforming people but not the next Psy.
If we want Psy-thinking in our businesses, we need to encourage divergent thinking from young. We need to find alternative ways to educate our young and to find a different way to progress them up the education ladder. We need to incorporate into our education more areas that do not have fixed answers. We need to find a way to embrace greater ambiguity and diversity.
Our economy will also need to allow the space for SMEs to develop. We need to allow fresh spaces for them to grow, rather than stiffle them under the shades of giant GLCs and multinationals. I had spoken on this earlier in my Budget speech in parliament this year.
I look forward to a day when we can have our Singapore Psy, in pop culture and in business. We need confident Singaporeans, prepared to be different.