(Without the CPF), Singaporeans would buy enormous quantities of clothes, shoes, furniture, television sets, radio, tape recorders, hi-fis, washing machines, motor cars. They would have no substantial or permanent asset to show for it.

More quotes by Lee Kuan Yew

Lew Kuan Yew answers people in India during the South Asian Diaspora Convention (2011)

On how Singapore does not need multiparty politics (1975)

Quote text and notes from Wikiquote: Lee Kuan Yew (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.