Crumbs for the masses
Every commercial operation as well as mercantile plan undertaken by Umno is the equates to by which the tiny comprehensive organisation enrich itself at the responsibility of the majority.
COMMENT
Bread for the domestic aristocrats as well as crumbs for the masses. That's the economics practised by Umno leaders who arrangement the characteristics of mercantile crimes.
The recent listing of Felda Global Ventures, for example, will go down in story as the wilful swindling to shortchange the Felda settlers.
What do usual Felda folks know about the stock market since right away all the earthy resources which constitute the basis of Felda's commercial operation are converted into paper assets.
The resources traded over the opposite do not simulate the integrity as well as peace of mind of the earthy assets, though simulate the manipulations as well as agility of stock market players.
Why place the well known hurtful person as chairman as well as replacing responsible Felda officers with obliging conspirators?
The fact which Prime Minister Najib Tun Razak agreed to this reflects his complicity in suckering the Felda settlers. It's the intentional plan to pillage Felda.
Every commercial operation as well as mercantile plan undertaken by Umno is the equates to by which the tiny comprehensive organisation enrich itself at the responsibility of the majority.
That's the thought at the back of Dr Mahathir Mohamad's economics. Mahathirism is the centralisation of power, emasculation of the judiciary, arrogance, prevalent corruption, impersonation inclusiveness while actually fanning divisiveness.
Thi s is the Malaysia founded upon the element of natural selection incited upon the head. Instead of free competition, Mahathir carries out resourceful breeding right away this is Mahathir's economics. Economic damage of the infancy is Umno's agenda.
It's all about resources as well as energy for the comparison few, mercantile injustice for the majority.
Umno as well as Mahathir have created the multitude consisting of the couple of millionaires as well as billionaires while more than 8.5 million Malays live with the monthly income of RM1,500 as well as the further 3.2 million non-Malays vital upon the same monthly income.
Simply put, 40% of the population lives underneath the RM1,500 monthly income level. How would this organisation fare in Najib's high-income driven agenda?
Najib is the poor copycat of Mahathir
His New Economic Model (NEM) is though the continuation of Mahathirnomics the use of comprehensive as well as optional energy to emanate winners from the comparison field of friends as well as cronies.
It is the same covetous fervour displayed by politicians which is at the back of the decision to award the Automatic Enforcement System (AES) commercial operation to dual private companies.
The government has contracted out the income generating apparatus to Beta Tegap Sdn Bhd as well as Commercial Circle Sdn Bhd.
If this revenue source earns the nation RM50 billion the year, because outsource it?
And what do we do with the over 3,000 cameras already commissioned by the military at so many places in the country?
Najib's NEM is only an extension of Mahathirnomics the same resourceful life-giving clientele for friends as well as cronies in business. Should these friends fail, there are regularly the contingent supports to bail them out.
We have the government which is lazy, driven by covetous greed, ferve! nt to ob ey revenue-earning resources in sequence to await the leisurely hold up of the abounding as well as comprehensive domestic aristocrats.
The writer is the former Umno state assemblyman though has right away assimilated DAP. He is the FMT columnist.
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