Does this sounds familiar? Is Malaysia doomed?

When you see that trading is done,
not by consent, buy by compulsion -
when you see that in order to produce,
you need to obtain permission from
men who produce nothing - when you
see that money is flowing to those
who deal, not in goods, but in favors -
when you see that men gets richer by
graft and by pull than by work, and
your laws don't protect you against
them, but protect them against you -
when you see corruption being
rewarded and honesty become a
self-sacrifice - you may know that your
society is doomed."

- AYAN RAND