Good read. Very daring for the author to be publishing these hard hitting facts, that Malaysia has been paying the price for, and will continue to pay the price until the country is bankrupt.
Some highlights / summary:
"There are three systems of privileges that are operating in Malaysia: race, religion and titles. "
"Let me deal with race and religion first, which by design, have fractured Malaysian society and created a system of privileges that is hard to justify"
"As it is, the privileges of race and religion have elevated mediocre minds to where they can tell the rest of society what it can and cannot do."
"It is primarily to safeguard these privileges that Malaysia has been unwilling to sign up to some very basic international conventions on human rights"
"The New Economic Policy was misguided. Instead of focusing on economic need, it decided to focus on race."
"So, in Malaysia, the definition of success is the type and number of titles attached to your name rather than the real effort you have put into achieving professional and economic success."
"It has led to sycophantic behavior among the population with frequent chanting of “Datuk, Dato Seri, Tan Sri, etc.” at any function or event. More insidiously, it has created a culture of subservience and unquestioning obedience to people with titles, even when witnessing their misdeeds and criminal acts."
"Why are politicians showered with titles when they are clearly failing in their responsibilities to the rakyat that elected them?"
"It is a common perception in Malaysia that there are two sets of rules in the country: there is a harsher set that applies to ordinary citizens and a more lenient set that applies to people with titles."
"Is it any wonder then that even with so many people with titles among us we are still climbing the rankings of global corruption charts?"
"It is unsustainable when a large class of people demand privileged access to the resources of an economy."
"Over the long term, a sustained “depopulation” by talent fleeing the country will have only one outcome – the rise of mediocrity leading to a mediocre society and mediocre economic outcomes."
"indeed, it has exacted a heavy toll on the Malaysian economy."
"We are no longer providing a vision of progress but rather trying to explain away our under-achievement."
This post has been edited by phantomash: Jan 28 2021, 07:30 PM
The burden of privilege on the economy., By a former BNM deputy governor.
Jan 28 2021, 07:20 PM
Quote
0.0168sec
1.45
6 queries
GZIP Disabled