QUOTE(darth5zaft @ Aug 14 2017, 10:38 PM)
actually mahathir devalue of the currency from 1:1 from sing dollar and growing protectionism is what make us poorer.
the reason you might think that old times are great is due to nostalgia effect (which also help trump) as well as high amount of subsidies which is the reason for lacks of innovation, efficiency in market.the debt issue is a turt. at 55% debt to GDP is still far away from singapore at 100% nor china at 250%
if you think racism is a problem that talk about it like this, express yourself and in some time some sorts of equilibrium will emerged and not surrender our freedom of expression for so called national interest whereby it just keep those feeling under wrap like a ticking time bomb.
Yeah I agree singapore was better managed, thus grew at a much faster rate then malaysia. It's not as simple as saying mahathir "devalued" our currency though, to have a better understanding, the exchange comparison should be made with the USD in mind as well, which tells a better story of our country's growth, recession and situation. Comparing with singapore alone doesn't say much, the reality is singapore grew and progressed at a much faster rate than malaysia and their growth is remarkable by any standard, to see their "story" you can compare SGD vs USD.
I don't think old times were great, but they were tolerable because at least the country was growing. In hindsight, you are right though, we definitely should have voted BN out a long time ago. Mahathir's NEP, protectionism, cronyism, corruption, manipulation of the system has fked us. The current regime is able to do what they do with such ease because of mahathir. At least we agree that BN has been bad, but people back then were too afraid to take chances and they're only willing to take a chance now, when they're starting to hurt, when it's already almost too late.
I don't disagree with cutting subsidies or implementation of GST system, only maybe that it should have been done more gradually. I don't agree with welfare that US has for example but I don't think welfare should be removed suddenly, it should be more gradual because things like this greatly affects the markets and therefore growth and economy.
Your suggestion regarding racism might work if there was a proper marketplace of ideas and proper free speech, which doesn't exist in malaysia with our current political climate/situation. It's made more difficult by policies that are racist by nature and racist propogranda. The marketplace of ideas you are talking about requires government to stay out of race politics and allow social discourse and the equilibrium you're talking about to happen naturally.
I see that you're taking some arguments from the (US) conservative playbook which is great, but you have to keep in mind, the core idea behind conservativism is small government and individual freedoms, both of which are based on their constitution, ie. The government's role is clearly stated within the constitution, individual rights are clearly stated within the constitution. Small government is about reducing government power and influence over it's citizens, reducing government influence over individual beliefs, ideas and rights (necessary for a marketplace of ideas to exist), reducing government influence over the marketplace (free market). In Malaysia, neither party believes in this style of governance.
This post has been edited by silic0sis: Aug 14 2017, 11:30 PM