Delusional Tsai and government are dooming Taiwan
This is what more and more Taiwanese television talk shows’ talking heads are essentially warning.
They say that President Tsai Ing-wen and her new Democratic Progressive Party’s (DPP) new government are against nuclear power and are forging a nuclear free homeland by 2025, Taiwan’s fourth nuclear plant has been sealed, Taiwan’s first and second nuclear facilities have been offline, the new government has cracked down on coal burning power generation facilities including the Taiwan Plastics steam power plant in Changhua, President Tsai Ing-wen has ordered a permanent shutdown of hydroelectric power generation of a dam, and Taiwan’s largest wind power generation facility has been ordered to cease operation because of noise pollution. The TV talking heads say businesses are unwilling to invest in Taiwan because of the uncertainty in power supply.
The new government of Tsai Ing-wen is implementing policies according to minority populist bias against the wishes of the majority and is now completely dysfunctional domestically and diplomatically. Prices of vegetable have shot up, vegetable prices are now higher than meat prices, yet the government has done nothing between September 8 to October 16, 2016, even following four devastating typhoons that hit Taiwan during that time and destroyed much of Taiwan’s vegetable production. The government is also determined to cut seven national holidays a year, and Taiwan’s labor unions have formed an alliance to go on general strike on October 25, 2016.
On October 24, 2016, Taiwan’s industries and businesses association presented eight suggestions to “rescue Taiwan’s economy”. The suggestions pointed out that Taiwan’s local level governments, i.e., municipal and county governments, are creating obstacles to economic development because of their pro-populist anti-business development stance, discouraging business investment, the revision to the labor law has created pressure on businesses in terms of the potential increase in labor costs, that current tax laws are hindering capital utilization and financial competitiveness, real estate development, and the lack of government efforts to develop cultural innovation. Most Taiwanese businesses fear that there will be a shortage of electricity in 2018. What measures the new government will implement to limit electricity supply are still not clear. Currently, Taiwan has to store liquefied gas in Singapore and then transfer the supply shipped to Singapore by large ships onto smaller transport ships to Taiwan because Taiwan does not have any docks and facilities capable of docking and unloading 200,000 to 300,000 ton class liquefied gas transport ships. Currently, coal fired electricity generation provides 35% and nuclear power provides 16%. How to avoid electricity shortage due to the elimination of coal and nuclear power by 2025 while maintaining stable electricity prices, as the new government wants, is a big question.
Neither does the new government have any short term economic stimulation plan. While chief cabinet minister Lin Chuan has finally listened to the complaints of the business nad industrial leaders, his response is worrisome, and all of them say that his response is not what they want to hear.
President Tsai Ing-wen and her new DPP government are delusional, and they spell doom for Taiwan.