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Sunday, March 21, 2004
 

It finally boils down to Money/Economy

After all the campaigning about "Excellence, Glory and Distinction" in the past few days; as the 11th election winds down, it looks like what it is all about is really money and the economy, for it looks like what our caretaker PM is saying is that money makes the world go round. The cat is finally out of the bag. All this harping on the need for a bigger mandate these past few days, see also here, here and here.The reason is that some RM30 billion in funds is waiting to enter the Malaysian equities market, Pak Lah said. "So please take the economic signals. The signals say that if the (ruling party) comes back with a good mandate, the economy will be doing even better - take the cue from the economic sector," continued Pak Lah. This will surely get all the share market punters and their friends and cronies out to cast their votes for the BN. What Pak Lah is saying in simple terms, vote us in with a massive mandate and there will be money to be made. But do remember, this could be a poison chalice, remember what massive mandates can do, one just need to look back at the recent past.
The caretaker PM would like us to believe that a landslide victory in the 11th election would result in a government which could better attract investment and help the country withstand regional competition. But what the country need is a government which would set things right and make amends for abuses the nation has been subjected to in the recent past because of massive mandates. Wouldn't a bigger opposition voice in Parliament after the 11th election help to achieve this. A nation whose people are subjected to better governance and not have its riches and resources abused and wasted would be more resistant to whatever it may face and not be so dependent on foreign investments and resultant exploitation. Haven't the recent Asian economic crisis taught us a thing or two. Foreign investments will come when there is money to be made and in bad times they will run away to somewhere else.
What is more important is for the government to govern well and ensure that the people adopt good work ethics, a culture of high performance and better corporate governance as well as eradicate corruption. For such things, the government need no massive mandate but only need to show it is sincere, honest, caring and itself accountable and transparent and the rest will fall in place accordingly.
Vote wisely and never give a government a massive mandate and therefore a blank cheque to do whatever it likes. Remember a STRONG government does not mean a GOOD government.



  ~~H0ME! |
The Funnies, The Spins, The Humourous and The Humourless......
"I do not aim at fusion. Each religion has its own contribution to make to human evolution. I regard the great faiths of the WORLD as so many branches of a tree, each distinct from the other though having the same source.----Mahatma Ghandhi.

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