Archive for November 6th, 2016
Najib should learn from the anti-corruption campaign in China where some one million officials, from Ministers and other “tigers” downwards, were punished in the last three years to ensure that Malaysia is famed as one of the top countries for anti-corruption
Posted by Kit in Corruption, Najib Razak, Parliament on Sunday, 6 November 2016
The video on 50 years of DAP we saw at the beginning of the Convention reminds us of the DAP leaders and activists who had slogged and sacrificed for the party, not for any personal gain or benefit, but for the DAP ideals and principle which inspired and motivated them.
As a DAP member and leader for 50 years, I can speak with knowledge and authority that this is the great difference between DAP leaders and members from those who joined the parties in the ruling coalition – that unlike their counterparts in the ruling parties, members and leaders in the DAP joined and are in politics not because of money, business opportunities, position or titles, or even to be Members of Parliament or State Assembly representatives, but because of their patriotism, ideals and commitment to the DAP cause of justice, freedom, equality and a better Malaysia for all Malaysians.
We are reminded by the video of the past DAP leaders who have contributed through their sacrifices and struggles which formed the basis for the DAP’s present success in Penang, but who have now left us, in particular Karpal Singh, P. Patto, Chian Heng Kai, Peter Dason, Tan Loo Jit and N. Shanmugam.
DAP thanks the Penang State Government for naming roads after Karpal, Patto and Heng Kai in appreciation and commemoration of their patriotism, service and sacrifices to the welfare of the people, state and nation. I understand that a road has been earmarked to be named after Peter Dason, and I urge the Penang State Government to also commemorate the patriotism, services and sacrifices of Loo Jit and Shanmugam so that they could all be role models for the new generation of Malaysians in Penang. Read the rest of this entry »
Why China Is Cannibalizing Its Own Economy To Combat Corruption
Posted by Kit in Corruption on Sunday, 6 November 2016
Wade Shepard
Forbes
Oct. 24, 2016
China is a country that rose to the top on the back of vibrant markets with weak institutions, and the lack of enforced regulations led to a very dynamic business climate where deals were not hamstrung by red tape and money feverishly cycled between both the white and black spheres of the economy.
“The first step of development is always to build markets with weak institutions,” said Yuen Yuen Ang, the author of How China Escaped the Poverty Trap, a book which flipped the conventional wisdom about emerging markets on its head. “Meaning, it may look corrupt, it may look like you have the wrong types of practices and the wrong types of property rights, but it’s all about people making use of the existing institutions they have to stimulate market activities.”
Ang related how in the early 80s, when China was searching for ways to initially spark its economic renaissance, virtual armies of bureaucrats were directed to use their personal relationships to find investors for development-related projects.
“They make use of expenses that would strike us as kind of a corrupt system, because these bureaucrats are unleashed to go out to do development, look for investors, and they are given very powerful monetary incentives. . . There are explicit rules, sometimes even written down in documents, where as a bureaucrat you can collect five percent of the value of investments that you bring in, for example.” Read the rest of this entry »
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