If Prime Minister Najib Tun Razak wants to transform the economy, he should desert his cradle-to-grave mercantile strategy.
COMMENT
It's budget time again, so let's speak more about Prime Minister Najib Tun Razak's mercantile agenda. The early indications show which Najib is all speak when it comes to mercantile strategies. His supervision can't appear to curb spending. He hasn't finished any transformation actually.
It's all large talk.
His transformation means increased supervision spending, direct supervision impasse in the manage to buy together with owning the means of prolongation or you do commercial operation through proxy companies.
We have been as such led to ask, does Najib understand what he is doing?
we know he has usually one mercantile plan spend to buy votes.
It's all suit with no substance of formulating the fundamentals of mercantile growth.
And this includes nurturing organic expansion as well as reducing supervision interference as well as teaching Malays, for example, to take personal responsibility over their own affairs as well as looking out for unnecessary supervision greedy spending.
If Najib wants to transform the economy, he should desert his from cradle-to-grave mercantile strategy.
He's giving out money to people which of march is an immediate stress reliever.
Slave-owner-slave economics
But in the long run, it snuffs out the expostulate in the people as well as reducing them to trusting beneficiaries of free lunches.
Umno is formulating t! he worke r owner-slave-economic relationship.
What does Najib meant by New Economic Model?
Once on the time, we asked him about his NEM as well as he explained which it was market-driven mercantile affirmative action.
But we suspicion it sounded similar to random capitalism or which spontaneous voluntary cooperation in between mercantile actors.
It wasn't any of which during all. It was as well as stays the the same old plan of selecting close friends as principal commercial operation agents.
Spending has taken up the large proportion of the national income.
The supervision spends by formulating debt instruments borrowing from banks as well as issuing supervision bonds.
Public spending has reached almost 50% of the national income as well as yet supervision leaders dismiss the meaningful warnings.
That shows they have been bad mercantile managers.
The bard is the former Umno state assemblyman but joined DAP earlier this year. He is the FMT columnist.
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Courtesy of Bonology.com Politically Incorrect Buzz & Buzz
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