NEP

Economic masters and economic slaves

By Kit

November 23, 2007

by Dr. Chen Man Hin

The frustration in the hearts of Malaysians at the stubborn attitude of Umno leaders and the greed of their cronies is mounting by the day.

Even the advice of foreign dignitaries like Thierry Rommel had been rejected haughtily by DPM and the Umno Youth chief. The EU envoy had no axe to grind except to see that justice is done.

World Bank statistics have shown that the NEP is jeopardising the economy, and is marginalising the poor whether Malays or non-Malays.

Umno leaders are the economic masters and the non-Malays are the economic slaves.

Umno has seen to it that government money is channelled to GLCs and their cronies. All government contracts are the preserve of the cronies, not one for the rest.

And yet they must demand their pound of flesh by imposing the 30% tax on non-Malay businesses.

Foreign businessmen fight shy of Malaysia. FDIs are very low compared even with Vietnam and Thailand.

The situation is desperate. The economy is in jeopardy, corruption is rife in every level of society, and the man-in-the street suffers because of greedy politicians and cronies.

Petronas money will not be fothcoming to save the country come 2111 as oil reserves are depleting, and there will be hell to pay for the corruption and greed of Umno.

Who will pay? Poor Malaysians!