Economic Transformation Program is another project of endless Najib’s commitment for Malaysia. Remember this; since he took the helm of Putrajaya almost a year ago, well, I have heard many of unusual acronyms such as APCO, GTP, NEM, NKEA, NKRA and recently ETP. Najib is the only Prime Minister of Malaysia who creates more and more acronyms within a very short period of times in his administration. It is all begin with the concept 1Malaysia, remember? Mr Barry Wain is absolutely right about him! He is the system. He trusts the system.
Series of acronym again, does not even reflect the true will of UMNO BN to transform the nation accordingly. Whereas, some portion of our segments remains critically ignore particularly in politics and strata of society enhancement.
Basically, I have my own objectives to share with you. ETP is none without proper execution and with totalitarians style of execution. ETP is apparently the evidence of mimic of planning and mobilizing the entire stakeholders in the country to achieve high income nation status. Surprisingly, the plan, oh! It is a program as Idris Jala said will generates wealth, ideally, Malaysians might having their high purchase power by the year 2020, if nothing obstruct our way. It means we have more money to spend and save. Really? Is that so?
It is the first time the government boldly appealing private sector to take leads the program. Billions and trillions of ringgit involved in 10 years program while of course the government is trying its best exceeding human strength looks after 12 Key Economic Area. Planning demand command from utopian leadership as the end will be pursued rapidly though collectivist mechanism. I still remember when our research unit went to ETP Open Day, the largest of open day I had ever saw, Idris Jala blatantly said if the program fail, government is not the one who should to be blame, blame private sector. At the forum, I found good response from Air Asia tycoon, Tony Fernandez, “government, please stay out of my market” while few recommendations to adjust the operation of GLC into GIC and etc. What about Virgin Airlines tycoon? “Your former Deputy Prime Minister (Anwar) cases has cause so much trouble in attracting foreign investors”
Politicians of both sides says yes to the program although there are some ‘buts’, civilians echoes “we are really aspires by Prime Minister to boost our income”
If you oppose the program, you will be label as “not supportive or you have no other choice left otherwise Malaysia continuingly lagging behind”. I am not opposing the idea of bringing Malaysia to a greater higher. Why there is requirement to so called huge transformation; where the government insinuating the roadmap to private sectors and market? Who knows best here? You are sending the wrong signal to market, Najib. The past mistakes were the government massively controls the limited resources, wages, protecting GLC’s, price control and setting up all sorts of institution, high subsidies, and appalling records in human rights. Wow, prevalence of the issues reminds me of one Hayek’s serfdom in many chapter of chaotic manner of winning government intrusions.
Very funny when socialist minded assuming ETP as nothing as project to enriching cronyism and put the all the blames to capitalism. False, it is not capitalism breeds cronyism. Bigger size of government tends to meddling with affairs which supposed not to be their core business. How possibly limited size could or might endangering themselves with this serious principles of conservative government? Scholars point out socialism has tendency approaching the practice of cronyism. Profligacy occurs frequently in government projects. This morning, I read Audit prompts Khazanah to reshuffle Iskandar unit. Guess what?
New Economic Model is the best document ever documented and supposed to be implemented now. Do not talk that document is simply a proposal! For me, it is just political excuses which I lament. Perkasa hates it a lot. Malay rights seems formidable to any attempt liberalizing our nation. I hail the effort of the council as this is the only way of “Look, we got to do something about this. We are losing our edge from arrest of the world. Our FDI is further slow and dropping recently. Previous formula to spur growth is no longer applicable”
Pakatan Rakyat tried but never succeeds to wake UMNO BN’s up. It is time to liberalize our market. Free and encourage more competitions which benefits consumers. Raise faiths and market confidence by shrinking the size of public sector, more decentralization, cut more subsidies consistently, abiding the principle of rule of law and freeing individual from soft despotism.
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