Why I ask?<\/p>\n
FOR a long time Barisan Nasional\u2019s communal approach has been translated into policies that have guided the nation\u2019s governance and economic management. As a result, we are now laden with a hotchpotch of economic policies which are obviously in conflict.<\/p>\n
We have in existence an old system from a socialist ideology of using price controls and subsidies to \u201ddeliver to the poor\u201d\u009d. We take a neo-liberalist stand to government-linked companies (GLCs) by providing them with immense and expansive immunity to regulations and real market competition, while the rest of the business community struggles in an unlevel playing field. As a country, we are not sure if we are for \u201dfree trade\u201d\u009d or \u201dfair trade\u201d\u009d. For the man on the street, we have not even decided if the world is flat or not (economically speaking). In essence, we seem to adopt economic models that sound good at that time. [MCA must regain its vision<\/em><\/a>. Fui K. Soong. The Sun. April 30 2008]<\/p><\/blockquote>\n
I repeat, “We take a neo-liberalist stand to government-linked companies (GLCs) by providing them with immense and expansive immunity to regulations and real market competition, while the rest of the business community struggles in an unlevel playing field.<\/em>” That comes from Fui K. Soong, the chief executive officer of an MCA think tank known as Insap.<\/p>\n
Question: since when neo-liberalism supports government intervention in the market, much less shielding government-link companies from competition?<\/p>\n
No wonder MCA lost badly. If the think tank could not differentiate neo-liberal from statist policy or at best, misusing the term, I wonder what kind of advices it dispensed to MCA before the election. I think, if MCA wants to regain its vision, it could start by kicking Insap out.<\/p>\n","protected":false},"excerpt":{"rendered":"
Why I ask? FOR a long time Barisan Nasional\u2019s communal approach has been translated into policies that have guided the nation\u2019s governance and economic management. As a result, we are now laden with a hotchpotch of economic policies which are obviously in conflict. We have in existence an old system from a socialist ideology of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[157,255],"class_list":["post-1642","post","type-post","status-publish","format-standard","hentry","category-mudslinging","tag-liberalism","tag-mca"],"_links":{"self":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/1642","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1642"}],"version-history":[{"count":2,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/1642\/revisions"}],"predecessor-version":[{"id":2707,"href":"https:\/\/maddruid.com\/index.php?rest_route=\/wp\/v2\/posts\/1642\/revisions\/2707"}],"wp:attachment":[{"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/maddruid.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}