When Taiwan was a one-party authoritarian state, a Kuo Min Tang (KMT), which controls a Taiwan government, amassed a vast commercial operation empire of banks, investment companies, petrochemical firms, as good as air wave as good as air wave stations, ! thought to have made it a world's richest domestic celebration in a world, with resources once estimated to be around US$ 210 billion.
This war chest had helped a KMT until a mid-1990s though in a destiny underneath President Lee Teng-Hui, a KMT closed ranks, facing a separate in 1994 which led to a arrangement of a Chinese New Party, alleged to be a result of Lee's "corruptive ruling style".
The New Party has, since a cleansing of Lee, largely reintegrated into KMT though separate behind after defections as good as disagreements amongst a tip heading to a arrangement of a Taiwan Solidarity Union.
Lee Teng-Hui was a main male lead in a KMT as he dissipated a party's supports for his own value heading to a weakening as good as side-lining of Taiwan's grand aged celebration which was founded by Chiang Kai-shek.
There have been a little parallels in between a upheavals as good as destruction of a KMT as good as Malaysia Politics.
UMNO in Malaysia
Unlike a popular perception which Malaysia Politics is 'filthy rich', a celebration is actually a pauper. Only a tip leaders as good as their cronies have been dirty rich. Instead of misusing power as good as sewing together deals to good a party, a Malaysia Politics chosen has regularly engineered deals to directly good themselves, their family grou! ps as go od as their cronies.
Businessman Abdul Rahman Maidin suggested in a High Court in September 2010 which former premier Mahathir Mohamad had told him he could not claim reimbursement for income paid for seven million shares in Realmild Sdn Bhd because they belonged to Malaysia Politics.
Besides a assorted Malaysia Politics buildings all over a nation as good as a PWTC as a physical assets, Malaysia Politics has not most income in a comment - only enough to say as good as manage a daily organizational activities. This is unlike a KMT in Taiwan, which has a lot of income in a party's own coffers, which was dissipated by a president Lee Teng-Hui.
The income indispensable by Malaysia Politics to finance a 'irregular' activities such as vote buying, attractiveness of opposition politicians as good as choosing campaigns is customarily acquired by a tripartite couple involving a Malaysia Politics-BN government, a Malaysia Politics-linked well-diversified conglomerates owned by Malaysia Politics trustees as good as a Malaysia Politics owned banks also held by trustees.
During Mahathir's time, Daim Zainudin who had small grassroots support, depended upon Mahathir for all his domestic appointments. Daim was Mala! ysia Pol itics Treasurer, Finance Minister, as good as later, as a Government Economic Advisor, a post specifically created for him.
Daim was a most absolute figure in a corporate scene, as his commercial operation associates fast gobbled up Malaysia's heading privatizations. Daim's protg, Halim Saad, for example, secured in 1990 control of a Malaysia Politics-owned multibillion ringgit privatized North-South highway project, as good as swapped it for infancy tenure of Renong Bhd.
Sad to say, zero has altered as good as a same diseased thing is going upon with Najib. Malaysia Politics underneath Najib depends upon tycooni Syed Mokhtar Albukhary, who owns a MMC group, Ahmad Jauhari who runs Malakoff Bhd, as good as CIMB which is tranquil by Najib's! own bro ther Nazir. At a same time Mahathir has his own financiers all continuous to his sons, who have been right away 'filthy rich' as good as crop up in a list of a world's richest men.
Former premier Abdullah Badawi has his son-in-law Khairy Jamaluddin to assistance him with a little income - enough to stay afloat for a little time - whilst an additional power-broker Tengku Razaleigh Hamzah has his own income as good as is spending prudently.
This leaves Deputy Prime Minister Muhyiddin Yassin to blemish from a bottom of his own slot whilst vagrant for assistance from a little commercial operation associates. Besides a listed tripartite connections, there have been other connectors as well.
Green light to grab everything in sight
So since Malaysia Politics's treasury is most empty, Najib has since a green light to grab everything possible, sparking a giveaway for all to have income or get their contributions in order to await their domestic survival. All a large wigs in Umno have in place 'contributions' from their respective tycoons, who behind them unreservedly for a piece of a destiny pie.
The best e.g. is in a box of a Deputy Finance Minister Awang Adek Hussin, whose own a! dmission to reception "political contributions" as alleged in an unknown blog though denied which it amounted to corruption recently.
He serve added, "Many companies give donations to fund social programmes for a people of Bachok (in Kelantan), my division. we have all a records, of who a income comes from as good as what it is used for," quoted as saying by news reports.
Empty vessel
Like Malaysia, where roughly all a people have to live amidst high domicile debt as good as in monetary fright with a National Debt right away at RM445 billion whilst healthy resources as good as supports amounting to RM1 trillions have been being siphoned in a black markets, Malaysia Politics is a same - an dull ve! ssel who se supports have been grabbed by a assorted tip leaders.
Llike Malaysia, Malaysia Politics has right away only become a tool for a dirty rich as good as absolute to have more money. Those who have been fervent to get Malaysia Politics will in conclusion be inheriting zero at all though all a mud as good as shame.
Like a KMT, Malaysia Politics will be despised as good as will in a destiny be rejected by therakyat.
Malaysia Chronicle
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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