Tuesday, November 26, 2013

How to Fix Malaysia In Five Easy Steps

How to Fix Malaysia In Five Easy Steps


Tuesday, 26 November 2013 
http://www.freemalaysiatoday.com/wp-content/uploads/2012/09/pakatan-bn-malaysia.jpg 
The question then is why isn't it being done if it is in fact that easy? Politics. It does not matter if it is in fact Barisan Nasional or Pakatan Rakyat, neither gives two hoots for the public. 
Vivegavalen Vadi Valu 
You often read about the never-ending issues ailing our country and sometimes we get tired and frustrated by the politicians *cough* [idiots] who run the country. The thing is, have you stopped to think that all our problems are actually a repeated cycle and can be solved easily? Today, the Prime Minister is quoted to say "it's either GST or face bankruptcy". Now, while the statement may seem exaggerated it is not in fact that far off the actual reality facing Malaysia's looming economic disaster.

In 1993, the World Bank produced a 400 page report on the Asian Economics, and Malaysia was dubbed the “Tiger of Asia” with an annual growth of 9% in comparison with South Korea’s 6% and Singapore’s 7%. Our GDP per capita stood at US$350 in contrast to South Korea’s US$130. Foreign Direct Investment (FDI) was also at its highest of US$7.3 Billion, whereas our market capitalisation was ranked 1st in Asia at 14.6% (excluding Japan).

Fast forward to the present, Malaysia has never recovered from the Asian Financial Crisis of 1997, and since then we have fallen behind Singapore, South Korea and Hong Kong, and now sit at par with Indonesia and Philippines.

While both Singapore and Hong Kong built up their portfolios by providing lucrative incentives and a favourable environment for investors to do business, Malaysia’s stock exchange recorded a drop in listings from 1,025 companies to 976 in 2009. The final blow came from the World Investment Report 2010, which stated that Malaysia suffered a staggering 81.1% drop in FDI compared to Thailand’s 30.4% and Indonesia’s 44.7%.

This shocking indictment of the current economic state of our country should come as no surprise, for it was revealed that as of 30 June 2011, the country’s debt stands at 54% wherein if it touches 55%, the Constitution will have to be altered to increase borrowings, and we may face the similar disposition of Greece and opt for a bailout.

As Malaysia continues to be ploughed under debts, the Government continues to spend lavishly, ignoring the economic climate to ensure that the ruling power remains in their hands. Most notably, petrol and sugar prices both respectively being subsidised have been kept in check although being distorted by market value. The question that begs to be answered is why as petroleum producers, do we currently face this deplorable disposition?

The New Economic Model (NEM) proposed by the Prime Minister in the first year of his regime failed to curb our decline as he released Part 1 which was effectively rendered useless as we continued the implementation of the New Economic Policy (NEP) which advocates racial-policies instead of merit-based policies albeit using the backdoor. The 30% quota for tenders and projects reserved exclusively for Bumiputeras continued and this further added to wounds of the economy.

Furthermore, the country's Corruption Perception Index (CPI) stands at #54 below countries like Rwanda while Singapore sits at #5. The perceived illicit outflow per annum stands at RM 30 Billion and it should therefore come as no surprise that the implementation of GST is a must as we can ill afford to depend on Petronas.

The crux of the matter here is mismanagement and corruption, nothing more and nothing less and the generation that will pay the ultimate price will be mine and yours. Then, how do we fix Malaysia?

1) Absolute judicial independence, practicing proper separation of powers between the Executives, Judiciary and Legislature + a shadow cabinet with funding allocated to provide for proper check and balance.

2) Revamp the MACC and PDRM with an independent commission reviewing abuse of powers to ensure those who are put in place to serve the people actually do just that instead of serving those who sign their monthly pay slips.

3) De-regularize government purchases, practice transparency with ethics and ensure total open tenders with documents of sale and purchase being made public.

4) Improving the education system with globalization and pro-employment reforms with special emphasis given to children from rural areas, especially those from Sabah and Sarawak.

5) The absolute banning of all racial politics and policies with maximum punishment meted out for repeat offenders. Enough of the bullshit that racism begins at home, it is time we implement a non-partisan and merit-based system for all.
The question then is why isn't it being done if it is in fact that easy? Politics. It does not matter if it is in fact Barisan Nasional or Pakatan Rakyat, neither gives two hoots for the public save maybe a few but the overriding do not and that is all that matters. What can you do about it? Simple, citizen activism - reclaim your rights and powers, for demanding for change will not suffice, it is nigh time to act upon it.

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