Dirtycapitalism

The Conglomerates, born in the post independence age and skewed economic policies, has ruled Malaysian economy for decades with a bigger-is-better manner. Over the years, big gains and little competition made it easy for these giants to become arrogant- and grow complacent. Rent seeking, bribes and cronyism are the shadow business skills in order to survive. Indeed, GLCs are more vulnerable to a changing environment, plodding and inefficient will be always pampered by their immoral creators using tax payers’ money. Though middle class is increasing, the income disparity between the wealthy and the poor is rising too.

Not to forget that the land has nine Kings and their royal families – who reap what they’ve not sown. Love to take pleasure in luxuries and be proud by glimpsing his people bow before them for their mightiness in “making” the nation prosperous. And this little part of South East archipelago put a great emphasis on social status labeled as “Datuk”, “Tan Sri”, “Tun” and “Dato”. Most sadly, its rulers love to mar the hardworking in order to spoon feed the lazy one. Do free market and capitalism exist in Malaysia? I doubt it. And I always do.

Even we look at current generation; we’ve grown dependent on a corporate ethic that promises a “good job” and a secure future in exchange for 40 or more hours a week. We’ve accepted businesses cycles and soldiered through recessions and downturns in the economy. But most of us have always returned to the status quo, thanks to our motionless education system.