Tuesday, September 21, 2010

On Corporate Malaysia wants government to stay out of business

Yes, thats definitely the way to go. Cetntral Planning Economy ( Classical Communist Economy ) had failed. Communist China survived and emmerged when a great Giant of rural origin by the name of Deng Xiao Peng acted upon realising that market economy works and market economy means letting the Smith's invisible hand works in the market place and the state shall regulate to promote welfare and productivity.

Malaysia had gone the other way for far too long. I do not think I am far too wrong if Petronas and all the GLCs plus veiled GLCs, meaning privatised utilities compamies amounts to no less than 60% of our GDP. What is left? What 30% we have been quarelling about all these years distracting all of us from really building this country of all of us?


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