It is frequently claimed that the "competition state" responds to external competition by making competition increasingly central to its internal processes as well. This article discusses education reform in Singapore as departing from the opposite position. In Singapore "excessive" competition in education is now targeted by policy-makers as a major obstacle to making Singapore education competitive in the global "knowledge economy". Nevertheless, the consequence of education reform does not seem to be a reduction of educational competition as such, but rather a transition from an "academic" to a "holistic" form of competition, raising new questions of educational equity and fairness.