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 The burden of privilege on the economy., By a former BNM deputy governor.

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darth5zaft
post Jan 28 2021, 09:53 PM

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QUOTE(Nother @ Jan 28 2021, 07:27 PM)
Good write up, it's indicative of the inherent systemic privilege that was started and now can no longer be removed without a fundamental rebuild.

That is if the majority benefiting from it would even want it gone, despite the fact it's burning the foundations and crippling future generations.
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well we can remove it forcefully like Indonesia & PRC did.
it won't be pretty either.it resulted in rupiah getting 3 extra zero at the back of their currency. and even then a new feudal class would be borned anyway like in CCP & pinoy. even in Korea helang still exists and get away with almost everything.

of course it's great to have social equality. but then again such a concept is more angmoh specific, and Asian society is still feudalistic, laoban, boss & chaebol would always be helang because pipit allowed it.

unless we can do massive wealth redistribution like nordic countries did.but then again even pipit mengaku diri helang here would be against it.




darth5zaft
post Jan 28 2021, 10:02 PM

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QUOTE(helpful @ Jan 28 2021, 09:50 PM)
Some VVIP said NONS are all MONOPOLISING the imports of MEAT

Some Minister then CONFIRMED 60% of all AP for MEATS are given to Malay VVIPS
Outsyedthebox  said these APs are useless and their only objective is a monopoly for the VERY WEALTHY Malays to make more money . He further said ordinary malays already know how to do import / export so these APs should no longer be in place ------- as it only contributes to the price of the product going up and UP year after year  .
Just imagine ---- a Minsiter have to LIE that all the meat imports are monopolised by NONS when in actual reality the opposite is the REAL scenario
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AP are tool mamak created to reward key of power.
thus the numbers of AP are restricted to make it ' valuable'

last time under Najib meat or any agricultural related AP are pretty easy to get.

so the reason meat was expensive never about restricted supply it's more towards ringgit becoming GG because some idiots sapok mamak to destabilize the country.

and people like you is the exact reason mamak do it in the first place. rather than solving problem u rather play victim racing card. u never blame mamak but u just go around play us vs them in the most racing way possible. u never see individual but u see skin color. u know who benefits from all this? yes,.mamak & the gang.



so congratulations your idiots mamak tools.
darth5zaft
post Jan 28 2021, 10:21 PM

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QUOTE(trojandude @ Jan 28 2021, 09:59 PM)
You guys think Malays don't know their policies are discriminating?

Of course they know. They just don't care.

This is why I never believe any Malay person who preaches that Islam practices equality.
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that's the problem when people decided to do political seperatism like the algerian french did in france. it make it easy for french not to care for them.

u can't force people to assimilate and people who didn't want to asimilasi will have a parallel existence where they want different things do different things then the mainstream wants.

when ahmad decided to turn french into a caliphate it's then becum a problem. it's turned from not carring to enemy of the nation.

and the only reason they care now is because the algerian are killing them. and it not like they are trying hard to fold them to mainstream french society or something. more like putting them under surveillance mostly.

modern nation are afterall borned out of the idea of Nation state and thus it couldn't deal with the idea of multinationalism.

darth5zaft
post Jan 28 2021, 10:24 PM

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QUOTE(borgeouisbella @ Jan 28 2021, 10:11 PM)
Of course, who would complain about a system put in place that is beneficial to them?

The problem highlighted is, they should care, otherwise Malaysia is going down the drains, and soon the Malays and their kids cant even reap a single sen out of the system that is created to give them tongkats.
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this is a video of a billionaire telling poorfag that's it's a bad idea to give them more money but instead let just have the helang have all the money or else negara bankrup.

facts is
you are not an independent party
such a chance benefits you greatly
you threaten bankrupt to scare off pipu to do what you wanted

who going to belip you?
darth5zaft
post Jan 28 2021, 11:44 PM

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QUOTE(borgeouisbella @ Jan 28 2021, 10:35 PM)
Hence, as Sukhdave also said, he doubts anything will change.

As much as the system discriminates against me and my family, i believe others like me will still be able to weather through it, that’s what years of discrimination taught us. And to be honest, it’s not all that bad for some of us.

The problem though, is this land that your people like to claim as rightfully theirs, might not do too well after years of such an abusive system in place. And when it gets worse, who would you blame? Your people? Or the ‘pendatangs’?
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yup nothing will change because no one wants change.

the things is it is "theirs" as in the nation. a nation is just that an ideological man-made construct.

there's nothing stopping anyone be it mamakthir or Johari Khir or Jamilah or even Elbeit Liew Nor Elizabeth Tan to entered a 'nation' as long as as SG constitution state they see themselves as such nation and are accepted by society as such.

LKY spend his whole lifetime telling that malaysia want to be a malay nation. just like NZ is a mori nation or israel is a jew nation, while India want to be a hindu nation. the idea is the jewness,hinduness & malayness is the foundation block of said nation culture, lhe whole jawi episode already confirmed that assimilation isn't possible at all. a lot still subscribe to the ideology of political seperatism.

the whole thing would end the moment political seperatism ended. no one afterall discriminate against mamakthir even if he's genetically indian no one ever said balik Cina lah at dauglas lim. but since a sizeable numbers didn't want it to end thus it won't.

unfortunately multinationalism isn't a viable alternative either. belgium is the only country that does that and they are undecided, unable to do anything other than selling off their sovereignty to the 4th Reich so they themselves don't need to decide anything.

for now the biggest risk in MY is undeciciveness.mau GST x mau GST? mau jilat CCP or mau jilat murica? grow economy by relying on MNC.or increase local industry efficiency? high taxes low social security or the opposite? at the same time we should increase efficiency by removing privileged

but seperatism pretty much mean we can't do both
darth5zaft
post Jan 29 2021, 06:07 AM

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QUOTE(borgeouisbella @ Jan 29 2021, 12:32 AM)
That’s because mamakthir is of mixed parentage and Malays are generally more accepting of a Muslim than a non-Muslim. The problem isn’t so much of assimilating with the Malay, but rather to be Muslim.

To be honest, alot of the Malay identity has already been eradicated through islamisation in the 1990s anyway. I say this as someone with peranakan roots, and I’m darn glad back then marriages back then did not enforce religious conversions, because i would be miserable being bounded by religious law. However, because of this i’m not bumiputera, and I’m fine keeping it that way if it means keeping my freedom of religion.

Anyway, I like to believe the political system wasnt as bad as pre-mamakthir. I was still a kid back then, but it seems alot of the political issues we see today can be traced back to the policies he made when he was in power.

Therefore, one can only pray that someone can take draconian measures to ensure things will be set back on track. Will it get worse? Yes, for awhile. But eventually, things will get better in the long run.
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the purpose of ex BNM writing the opinion piece isn't to 'liberate' he is still a helang, he's not even nice helang, his name do comes up in some blogs for Shaddy dealing after all.

it's likely to solve the middle income trap issues. afterall we just a wee bit more to go to escape it. since FDI aren't coming due to instability. and the pandemic itself had pretty much kills off much incompetent business and jobs. just a wee bit more efficiency and we will get there.

like I said, we have 2 problem. inability to decide and the very low efficiency due to lack of competition. he's writing it in a style to invoke racing to make what he wants a reality. lack of competition is important because it mean we aren't efficient nor innovative. just look at all the taxi driver,mas & ktmb union, mydin owners, AP king want to reduce AP numbers, private clinic owners benci klinik 1 Malaysia. every fucuking One all asking gov to kill off their competitor rather than be efficient, innovative or whatever.

telling people what others can and cannot do also distorted the market. basically nothing an owner can do again society pressuring others not to consume their products. other than playing the stupid nationalistic racing game as well that is.

this is on top of Inefficiency due to subsidies. be it fuel, electric,water, rapid transit, trains, roads, highway. everyone of those distorted the efficiency of the market.



as for Mahathir. well he was a dictators. just like every other dictators except for LKY they traded easy life for citizens in exchange for obedience.we pretty much was fucked up even today due to it. he was really smart as he quit the oil well run dry, forcing the problem to subsequent gov who try to liberalised to solve issue he himself created only for him to took advantage of the public displeasure of liberalisation to destabilise gov after gov. heck he even destabilise his own gov 1 years ago. hes a freaking dick.

but I won't blame him for Islamisation. in fact he tried his best to preserve secularism. JAKIM is shitty but it still better than whatever PAS want. as a graduate of UIA. I won't even called it Islamisation it's not even fundemantalism it's basically hardliners arab totalitarian salafism. washed with oil money & nothing to do they export it by funding Islamic movement worldwide and PAS was a receiptance of such fund. such harsh ideology are somewhat very popular in non well of area particularly the ghetto of Paris, slums of India and jeng.jeng.jeng former siamese vessel state who then being ignore by the british afterwards being administer by liberal secularist westernise Malay who again like everyone else just let them stay poor.

the 'old' straits Malay are still there,islamic law are rarely impose on the west coast after all. an assimilate but non muslim will never get accepted by the Taliban, i mean even me myself won't get to win their heart. during uni the way they treated me i know deep in their hearts I'm not one of them. why do you think people even malay in k/ like to make fun of wannie state?




darth5zaft
post Jan 29 2021, 07:45 PM

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QUOTE(yugimudo @ Jan 29 2021, 07:37 AM)
Race and religious is to divide us. Deswai every now and then must kacau religion and race.

The more we are divided, the more bs they can get away.
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we are the one that divide ourselves in the first place.

those politicians are just taking advantage of it.
darth5zaft
post Jan 29 2021, 08:17 PM

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QUOTE(borgeouisbella @ Jan 29 2021, 09:57 AM)
I’m sure anyone who has managed to work their way all the way up there is not without some form of corruption. That’s the way its done in Malaysia anyway.

However, I believe that one of the issues that the article highlighted is about how unsustainable NEP is. I’ve heard alot of stories of friends who studied in UK (sponsored by own parents), sees alot of government sponsored students studying in UK/Australia who are supposedly from rich families. Why are they there on scholarship when they are wealthy enough to get there on their own? What about the other underprivileged bumiputeras? What’s worse is, there is no such assistance for the underprivileged non-bumis.

Then comes the protest against the removal of NEP. How much is enough? If 30% bumi market share is not enough, then do you mean we need to wait until all the bumis are no longer B40, and whats left in the B40s are all the non-bumis? Do you think that’s going to happen? There will still be B40 bumis, regardless. The fact that there are more poor bumiputeras now is because there is literally 60% of you guys, and only 30%+- of us, so it definitely makes sense in terms of ratio, just like how there are more T20 bumis than T20 non-bumis. But the sad thing is, nobody bothers to make this logical comparison. Especially the uneducated masses who thinks that this is their right and their land, and if the non-bumis dont like it, we can leave.

This system is unsustainable, they can continue milking it, but do you think it will work out well in the long run? Investors are already moving elsewhere because of our policies thats creates such an uncompetitive environment. Uncompetitiveness breeds complacency, which kills innovation and motivation, which we can see it happening already. This is the result of such policies created for the majority.

We have alot of issues. There are many white elephants in the room that nobody wants to address. I believe Najib made some right decisions back then, unfortunately for him that he married a landwhale and was conned by Jho Low, otherwise things might not be so bad. Well, technically Muhyiddin can remove NEP, sign ICERD, reinstate GST, and set the course back on the right track now right now if he wanted, without anyone to contest, but he will never do it because he is a pro-Malay leader. And as much as I want to like Muhyiddin, I don’t like the ppl he sleeps with (aka PAS) and that he created a bumi only governnent.

Anyway, good insights from your part. Some parts were obvious but some parts were new to me. smile.gif
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I remember reading a writing by mamakthir economic advisor. forgot what his name was sorry.

technically he argued that NEP is already a successful. in fact it far more successful than in the non community. most of bumi wealth are in the hand of M40, while most of the wealth in non community are in the hand of T20. the poor are mostly due to geographical rather than racial basically there's plenty of bumi majority area be it Kelantan, Kedah & Sabah that are poor thus skewed the B40 numbers into showcasing that bumi are poor.

I think the whole thing is a huge mess really. the social security measures we have in place for B40 is through zakat. Anwar & menteri agama did the right thing in asking for such fund to be use for nons. but public acceptance is highly problematic. zakat fund are essentially a wealth distribution social security system finance by capital gains taxes and currently it only being paid by Muslim. so Muslim might find it hard to see non get it while well off non will scream Islamisation because they don't wanna see the possibility of them paying social security taxes.

it's not so much they are blind by it. it probably due to separatism thus they don't believe in the non. and PH pretty much crashed down to due the chivunist faction trying to pull their Chinese nationalism policy on the national stage.

this country is a very centralists in nature & culture. any attempt to move it right or left would mean it would come crashing down as people reject such notions.

as for PAS. I'm not sure how they going to 'evolve' the Arab leadership are sponsoring a more 'inclusive' & modern interpretation of salafism. but if they allowed their hardcore faction to overtake their agendas like DAP did b4, PN would come crashing down.

to be fair, if we fail in our quest for efficiency, it's not like we getting bankrap or anything. more like we would continue being in the middle income trapped like most of Latin America,south Africa & Thailand. and those countries seem to have given up already. this is not the case in MY though.sucessive gov even PH had try to liberalised & reduce subsidies. so it's not much of politicians fault it's more of our own fault because we didn't want to do it. we still have a fairy tale like assumption that no personal sacrifice needed , someone else should pay the price and as long as we get the 'right' people in corridor of power. that's why sinkkie at hardwarezone just can't stop laughing at us.

 

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