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Sunday, May 6, 2018

If governance in Malaysia doesn't improve, this could happen

What could happen? Argentina raise interest rate to 40%. See
http://www.bbc.com/news/business-44001450

Malaysia is blessed with much natural resources such as petroleum, fertile land which produces cash crops such as oil palm, rubber trees, trees for timber, etc. However, because of widespread corruption and leakages, there is much loss of public money but things were still manageable because of Malaysia resources. But if continued, Malaysia may slip down the slippery slope to economic crisis.

Malaysia previously had much highly educated human resources many bilingual and multilingual, conversant in English, the de facto world language. However, the human resources of our country has to a great degree been lost to other country because of bad policies. We are exporting talent while taking in lowly educated unskilled workers. In fact, the late Lee Kuan Yew had laughed at us because of this.

If ever Malaysia's currency falls further, the interest rate may be raised like Argentina. Then we will have hyper inflation. There is a saying, things in Malaysia will not change (for the better) until the people suffers. The people are already suffering now, but because of the unique situation in Malaysia, things may still not change for the better if the people do not vote for change.

Perhaps the people are not suffering enough yet. But if ever things become like Argentina where interest rate is raised to 40% and perhaps more and hyper inflation occurs, then perhaps the greater sufferings may force the rakyat to vote for change (for the better)

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