May 21st, 2008 by Hafiz Noor Shams
We advocate no doubt Hayekian free enterprise but we don’t think Adam Smith’s invisible hand will be that responsive to the changing times. Hence, whenever necessary, to paraphrase John Kenneth Galbraith, we temper free market with an appropriate dose of state intervention to rectify the social inequities attendant on the interplay of pure market forces. [Full text of Anwar's speech at CLSA forum in Singapore. Published by The Malaysian Insider. May 20 2008]
Only Anwar Ibrahim could advocate two violently opposing ideas in one go at the highest level. The former Deputy Prime Minister made it as if Keynes had slept with Hayek!
No, no, no. Not Salma Hayek. It is the great Friedrich Hayek.