Archive for June 2nd, 2012

Call on Malaysians to emulate the spirit of 250,000 Bersih 3.0 supporters who acted selflessly out of supreme patriotism for Malaysia and for the sake of next generation

We should now be in the thick of the battle of the 13th General Election and not be launching the Perak DAP 13th General Election machinery if not for the “428” Bersih 3.0 rally which completely scattered Datuk Seri Najib Razak’s earlier plan for June polls.

Events are proving me right when I said in early May that Bersih 3.0 was a greater public relations disaster for Najib than Bersih 2.0, as this has been confirmed from the high-handed, insensitive and reactionary government responses so far, especially the high-level campaign of demonization of Bersih 3.0 and the 250,000 Malaysians regardless of race, religion, class, region, age or gender who gathered peacefully in Kuala Lumpur in support of a common national cause – a clean election for a clean Malaysia.

Every day we are seeing the Barisan Nasional leaders shooting themselves in the foot – the latest being the announcement by the Home Minister, Datuk Seri Hishammuddin Hussein to upload a video compilation of what happened on Bersih 3.0 on the Home Ministry website, which made an utter mockery of the assurances by the Barisan Nasional government that it wants an independent inquiry to find out the true facts of what went wrong on Bersih 3.0 on April 28, causing the incidents of brutality and violence, regardless of whether the victims were police personnel, media representatives or peaceful protestors.

My strongest message today is to call on Malaysians to emulate the spirit of the 250,000 Bersih 3.0 supporters who acted selflessly on April 28 out of two most honourable motives – firstly, as an act of supreme patriotism and love for Malaysia and secondly, for the sake of the next generation of Malaysians to ensure that they have a better Malaysia than today. Read the rest of this entry »


Najib’s popularity dips even as polls beckon, survey shows

The Malaysian Insider
Jun 01, 2012

KUALA LUMPUR, June 1 — Prime Minister Datuk Seri Najib Razak’s popularity has slipped in recent months, an opinion poll showed today, as he lost support among Chinese and middle-class voters ahead of a general election that he could call within months.

Najib is facing a dilemma over the timing of the election as his Barisan Nasional coalition seeks to reverse a dismal showing four years ago that deprived it of its two-thirds majority in parliament for the first time.

The 58-year-old leader has enjoyed high personal approval ratings, but analysts say it is unclear whether that will translate into increased support for his less popular Umno party and its allies.

Support for Najib slid to 65 per cent in the May poll from 69 per cent in March, according to the Merdeka Center, the country’s most respected polling firm.

The dip may add to speculation that Najib may choose to delay elections until after presenting the budget on September 28. Read the rest of this entry »


The ‘G’ in the C+I+G=Y formula

— Sakmongkol AK47
The Malaysian Insider
Jun 01, 2012

JUNE 1 — When Kenyesians dan Hayekians debate each other, they don’t debate on the science of economics as a science. As a science which studies the allocation of scarce resources among competing wants and needs, that part is settled. They debate on the bigger issue of how to manage the economy. Keynesians want to steer the economy while Hayekians want to set the economy free. One side thinks they can plan for others. The other side wants the planning to be done by many as individuals adapting themselves to the free market.

They debate on the efficacy of polices, whether managing aggregate spending or freeing the market is better in order to increase income. Controlling aggregate spending suggest some control over the aggregates, whether consumption, investment or government spending. Who controls them? The answer: the government. Control suggests the omnipotence of government and of course governments all over the world like to control things.

Hayekians support the free market, relying instead on the actions of individual economic actors with motivations and self-interests (what interests the individual) to make the economy work. Free market does not mean free from government involvement absolutely. Rather, government’s scope is limited over a few matters such as keeping peace from within and without. Government’s role is that of an umpire and the umpire must be neutral.

Our government of course supports the Keynesian approach without a doubt. They are adherents to the dictum, we are Keynesians now. But here is where the similarities end. While in western economies, the focus is on actually seeing the economy succeed, the emphasis in our country is different. The focus here is to concentrate steering power into our hands as much as possible, so that in the name of guiding the economy, the state plays the role of allocating resources to who they think can advance the economy. The state assumes omnipotence stature. And because of this status, they get to choose who succeeds and who fails.

We are digressing too far I am afraid. We can already anticipate the headlines. “We must avoid what happens to Greece. In order to do that, we must spend more. To hell to those who complain of increasing public debt to GDP share. If we cut spending, the economy will contract. The opposition is stupid. They are just following the IMF’s prescriptions.” Read the rest of this entry »