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Tuesday, December 11, 2012

Give credit where it’s due


When Anwar was finance minister, Dr Mahathir was the prime minister. So, should not Mahathir be credited for the good economic performance instead of Anwar?
COMMENT
By Raja Petra Kamarudin
FMT columnist Selena Tay recently wrote an article called ‘Political blockbuster: Dragon vs Dinosaur’.
In that article, she compared Malaysia’s economic growth during the time when Anwar Ibrahim was the finance minister from 1992 to 1997 to the time when Najib Tun Razak is prime minister from 2009 to 2011.
Basically, what the columnist says is that Malaysia performed better when Anwar was the finance minister compared to when Najib is prime minister.
Note, and I repeat, the analysis that Selena did compares Anwar as finance minister to Najib as prime minister.
Now, when Anwar was finance minister, Tun Dr Mahathir Mohamad was the prime minister. So, should not Mahathir be credited for the good performance instead of Anwar?
Okay, let us assume that Mahathir had no hand in this. Let us assume that it was the finance minister, Anwar , who should be credited for this good performance.
However, during that same period, 1992 to 1994, Malaysia also lost RM30 billion ‘playing’ the Forex market.
So, who is to be blamed for this?
Since the good economic performance of the country during the period when Anwar was the finance minister must be credited to Anwar, should not Anwar, therefore, also take the blame for whatever bad that happened?
In this case, no!
The RM30 billion Forex losses are Mahathir’s fault. Mahathir was the prime minister so he must take all the blame — just like Najib, the present prime minister, must take all the blame for whatever happens to Malaysia today.
Who, therefore, is at fault here?
Najib is both finance minister and prime minister. When something bad happens to Malaysia we blame Najib. But do we blame him because he is the prime minister or because he is the finance minister?
If we blame Najib because he is the prime minister and hence the prime minister must take all the blame — and hence take all the credit as well — should not Selena credit Mahathir rather than Anwar for Malaysia’s good economic performance from 1992 to 1997?
Assuming Selena feels that the finance minister, Anwar , and not the prime minister, Mahathir, should be credited for Malaysia’s good economic performance from 1992 to 1997, then why is Mahathir and not Anwar being blamed for the RM30 billion Forex losses during that same period?
We need to be clear as to who we put the blame on — or give credit to — for what happens in Malaysia.
On the one hand we say that the blame must go all the way to the top. On the other hand we say that the buck stops at the bottom and the top is not to be blamed.
Why do we change the rules as and when it suits us?

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