Tribal Superstitious Irrational Societies, Tribal Irrational Economic Theories

 Here are some headlines for today 19th June 2021.

Lebanon is still collapsing. Myanmar is perhaps reaching the end of its beginning. It will need another beginning.

Here is another video of Jayanth Bhandari. Jayanth is an investment analyst and fund manager based in Singapore who also studies the basic psychology of societies to assist him in making investment decisions.

This is a short video worth listening. Sadly our country Malaysia is also mentioned towards the end.  The countries that Jayanth Bhandari is talking about are all reaching the ends of their beginnings. Including Malaysia.  

For Malaysia, clearly the direction the country took 51 years ago in 1970, most comically called the New Economic Policy, has now failed. It has failed the Malays very badly.

Like it or not there will be a new beginning. A new beginning is desperately needed. Can we depend on the same foolish people to chart a new course for the country? I dont think so.

I am a great optimist. The solutions are too simple. The future has great potential. But only in the right hands.

The views expressed are those of the writer and do not necessarily reflect those of MMKtT.