Sunday, September 15, 2013

Najib And Malay Economy?

It appears quite obvious that Najib is trying to boost his chances of being retained as the Umno President when he announced that his government was looking into privatising more government services to Malay owned companies and thereby increasing Malay economic activities and participation, among other "goodies"

He knows that if he failed to be retained as the Umno numero uno , he would have to kiss goodbye to his premiership. The stakes are just too high, with Umno sharks circling around to take away his position.

And who are the people who would determine his fate? They are the Umno delegates to the upcoming Umno AGM (Umno General Assembly) this October.

These are the Umno Malays who would stand most to gain from Najib's announcement.

Even then, it is the elite among them, friends, families and cronies who would likely have the biggest and juiciest bites of the cherries.

Many of them who would be beneficiaries of Najib's sudden brilliance, would likely be 2 Ringgit start up companies with little or no experience running a business.

Many of these privatised companies would be struggling to survive, some will go under to be bailed out by the government (meaning the rakyat)

In the end, it leads to a lot of wastage, inefficiency, opportunity costs and lost opportunities.

And of course, not forgetting Najib's endless possibilities for the nation.

While the average Malay continues to struggle, trying to cope with the rising costs of living and wondering when their economic lot would truly be uplifted.

Umno must remember that they have been loudly proclaiming to uplift the Malays economically for some 40 plus years already, but what we see today is the increasing gap between the elite Umno Malays and the rest of the ordinary Malays.

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