Yap Chong Yee

Saturday, October 11, 2008

MAHATIR'S NEP !

In the history of nations, very rarely a nation will produce a natural leader who has the vision to understand the problems that the nation is facing and how to slve them; our great leader Mao Tze Tung was one and Mahatmagandhi was another and there is no denying that our great Lee Kuan Yew ia another. These were leaders who saw their nations' problem and how to solve them. I believe Dato Seri Anwar is one of such a leader for Malaysia.
I had in an earlier post said that the most retarding force for Malaysia is the divisiveness and that in any society and in fact in all societies that practises sectarianism, they have failed without any excepton. If you know of any nation where sectarianism is practised and they have achieved success, please point them out in response to my belief to prove me wrong. Therefore if it is acceptable that sectarianism is a false assumption to base one's nation's CORE VALUE, then why continue on such a false and self defeating course of actions ?
Mahatir prepetrated a lie to the MALAYS that the Chinese had exploited the naivete' of the Malays and that the British colonial government of Malaya favoured the Chinese in awarding government contracts and that Chinese community will only deal with our community to the exclusion of the Malays and hence, this retarded the progress of the Malays. This was the lie that the Malays readily aaccepted as truth and that if they had been treated fairly they will have the talents to succeed. This lie is now proven to be a lie, because since 1969, with Mahatir's NEP in place the Malays still remain where they had been since 1957; nothing had changed, so much for the Malay Delemma"
Yes I can anticipate that you will raise the question "the NEP has lifted thousands of Malays into the middle class", WHY IS THAT NOT TO BE CALLED "SUCCESS?" In short, the NEP failed miserably because the NEP produced a false middle class. The education that exist today arising from this NEP produced an Army of non functional "PROFESSIONAL" class; again in short, this class created UNDER-EMPLOYMENT in the areas that they are supposed to EMPLOY THEIR TRAINING AND EXPERTISE. They more often than not cannot function in their job, as an example, go to the offices of Bank Bumiputra and you will see that every level of their building are occupied by the clarical stuff of Bank Bumiputra; this is a joke in a day and age of the computer.
Has the NEP produced a meaningful and functional entrepreneurial class. Here again there is a lie that is perpetrated under the NEP. It is not useful to say count and name who among the Malays have succeeded in business, but it will be more meaningful to name the big projects that were undertaken or "bought into" by Malay entrepreneurs and to see if they had succeeded. Bumiputra interests bought LOTUS for a few hundred millions at a point in time when Lotus was going BUST ! What profit has Lotus brought to these Malay entrepreneur ? The Langkawi Airlines was sold to Mr Fernandez for Rm 1 (one) and was that a good idea ? I read in the media that the successors of this airline owes the Malaysian Government some 120 million in arreas for landing fees. The Malaysian lost close to Rm. 1 billion in a misconcieved TIN SPECULATION some decades ago. The most visible failure is that crack pot "PROTONG " car manufacturing project. Not only did that project failed miserably but it totally distorted the car market in Malaysia and it is still ongoing; the Malay government still does not know how to stop the losses that the project is haemorraging today !
It is most important to know the biggest problem and mistake that still exist today, please know that the largess that the UMNO government squandered over these 50years were generated from revenue from oil or at lest 80% of this wealth. I believe Malaysian oil is depleting and by 2030 will be gone for all time. There has not been any capitalisation of this largess. The billions have all gone to send a Malaysian dentist into space for Rm.100 million; puff of hot air.
Singapore, Swizerland, Hong Kong, Taiwan and lots more prove that natural resources are not the determinant for the success of a nation; HUMAN CAPITAL IS ! Singapore has been the biggest beneficiary of the Malaysian NEP; most of the young Chinese professionals have migrated to Singapore, Australia, China, Canada, USA Britain Hong Kong etc.. I have very often pointed out the most obvious fact that at the begining of Malaysia there were 5 million Chinese and 6 million Malays, but now after 50 years there are now 22 million Malays and still 5 million Chinese. This is undeniable. Singapore had only human capital and nothing else, but why is it that Singapore is ranked top 10 most competitive nations in the recent "stats".
The Chinese have for the last 50 years not been supported by the Malaysian Government and we are not too concerned about any change because we have no expectation; but all the same, if there are any upside for our gloomy conditions then why not. THERE IS NO SOLUTION EXCEPT FOR MALAYSIA TO REALISE THE BENEFITS OF ALL MALAYSIAN WORKING TO ENLARGE BIGGER THE NATIONAL CAKE FOR ALL MALAYSIANS. The NEP is a dismal failure.
I fully endorse the proposal of Ku Li in an earlier post in Malaysian Unplugged, that the answer is to form a ONE PARTY STATE something like what is the People's Republic of China's. I am not holding my breath because the is a natural opposition to anything Chinese but yet you do not have anything better to offer in its place.

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