We may dislike Mahathir for his quarrelsome attitude
towards Singapore, but we should give him credit for his guts in going
against the flow, by refusing IMF aid during the 2008 Financial Crisis.
Indonesia on the other hand accepted aid from the IMF and although the
consequences were seldom discussed, they were pointed out by not a few
analysts. Sectors and banks faced forced closures and massive job losses
were reported. Those are conditions for taking IMF loans.
Whether
that IMF aid would have helped Malaysia or not is subject to argument.
It certainly is not the root cause of what ails Malaysia today.
Something more structural is the cause of what Malaysia is suffering
today.
The New Economic Policy introduced by Mahathir was the
straw that broke the camel's back. It was the policy that crippled
Malaysia and Mahathir stands as the architect of the decline of Malaysia
with his racially biased policies and corruption within the ruling
echelon. Every politician in power had their hands in the till.
The
clutch mentality of the common Malays under that NEP has now become so
deeply ingrained inside their mindset, that no one can ever change that
policy without committing political suicide. It has become the epitome
of all the ills befalling the country today. The NEP destroyed the
education system, it also destroyed the meritocracy system of allowing
the best to do the job of running the country, it was a system that was
to create the brain drain that ultimately only the mediocre are left
behind to run the country, and in a sense, it destroyed a whole
generation.
And Singapore was the country that largely benefitted
from Malaysia's brain drain, to the chagrin of Mahathir. Can we blame
him for his attitude towards us?
Can Anwar Ibrahim change all
that decades long destruction by Mahathir. He has a big problem by
having UMNO as his coalition partner, which makes his job of fighting
corruption that much harder for fairness. His arms are tied in domestic
affairs, especially draining the swamp in his backyard without maligning
UMNO.
Anonymous
Good morning All
ReplyDeleteFollow the Rules of most Demo CRAZY countries that the Ruling Government shall be formed by whosoever who won the MAJORITY of the seats.
Fly by the post with the most seats is the winner.
What's nonsense minimum number's and must have coalition?
Coalition with other parties with different manifestos and policies how to rule properly?
Sure road blocks and disagreements and spanners thrown into the works!
That's why the progress is so slow.
Looked at China all in UNITY!
The word "GO" and all at 100 metres at 000 secs.
That's why they could built a bridge within half a day!
Joke only!
Cheers