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Wednesday, January 21, 2015

STOP BEATING ROUND THE BUSH, NAJIB: Cut corruption - it's the only way to save the economy

STOP BEATING ROUND THE BUSH, NAJIB: Cut corruption - it's the only way to save the economy
Malaysia's prime minister Datuk Seri Najib Abdul Razak has announced several measures to attempt to instill confidence in the country’s ‘blinking red’ economy. Will these help?
And to keep the fears wrapped up and the jitters at bay, he also assured that Malaysia is not into a crisis, making comparison to the times when the Tun Dr Mahathir battled the financial tsunami.
Already FELDA has announced hot on the heels of Najib’s panacea that it will invest inshore and halt external ventures.
While the supporters of Najib have been singing huge praises and even giving all kinds of backing to say that Najib is right and spot on, others have their doubts.
Economists are warning that the “red lights are blinking on Malaysia’s dashboard”. Some say that it all depends on how low the oil prices will plunge.
Some demand that more belt tightening and slashing of wasteful projects must be given a harder push. To one extreme we also have demands to sell of the country's official jets used to ferry Roasmah around.
PM Najib
Wait a minute. What really is the cause of Malaysia being affected so seriously in the wake of dropping oil prices? Wherewithal have our resilience gone to?
Imagine all the decades of rising oil prices to over a hundred USD per barrel. And Malaysia’s net oil exporting advantage would have given us so much more surplus. The investments spinning off from our favorable commodities’ exports would also have kept us as a lending nation over the decades.
But we are borrowing nation. Look at our national debt! We are battling a potential capital flight. We have borrowed so much that does not commesurate with the actual state of development in the country other than the many pet prrojects that dot our landscape. The recent floods have revealed how much more we have failed to channel our eranings to improve people's lives.
So where is the virus that has broken our national antibody?
Corruption, Honorable Prime Minister. Therein lies our government's weakness, our national vulnerability and the people's failures.
The Barisan Nasional led government has miserably failed to fight corruption unlike some of our more single minded neighbors. Despite over six decades of reign, we have lost out on the war on corruption.
We have lost millions of hectares of virgin forests. We have paid unreasonably escalating prices for development. The many projects that were secured under the infamous OSA modus operandi fashion are eating into our savings and making us a debt-ridden nation.
Corruption reeks right up to every doorway – from the streets combed by law enforcement people to the wet markets and right into the corporate and government corridors.
Dr M
We have been very happy with the occasional seizures, court parades and sentencing of little napoleons.
But look at how we award contracts. Look at how we create monopolies. Look at how secretively we sign papers and pretend.
For as long as we do not have the will and power and commitment to stop corruption and snip its many tentacles within government and in the private sector, we are doomed. The lessons are many. Just look at the Philippines. And Pope Francis in his tour of Asia, clearly spelt it out when visiting the Phillipines.
It is corruption that destroys people and nations and economies.
So how long more must we Malaysians keep kidding ourselves just so to protect our own selfish self interest, our salaried jobs, our favorable business contracts, and of course to earn a few hundred ringgit on the beat or to keep that political position? - MAILBAG

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