Wednesday, June 04, 2008

His political life is numbered









His political life is numbered, for sure, if you know who I'm referring to.

Socio-economy is not something as agile as application development, things don't just change overnight, you see. An organization as large as a sovereign entity (i.e. a country) need proper planning before implementing policies that impact its socio-economy. The thing will get very ugly if something strew up.

In a market that is inefficient due to subsidies, quotas and other controlling measures, corruptions will smear everywhere.

In a market without subsidies, quotas and other controlling measures, corruptions still persist, if the market is NOT TRANSPARENT.

Malaysia, an organization that will never pass an accounting audit. Looking at how the decision makers determine the direction of the economy, why would any investors want to invest in this emerging market?

Malaysia is fundamentally sound? Yes, we are oil producing country, we very own Petronas made into the Fortune 500 list because of upward direction of crude oil price. Is that make the statement "Malaysia Boleh" good? Yes. Is that piss the citizen of the country off? Yes. Frankly speaking I never felt Petronas wonderful annual financial result do any good to improve my life. Failed multi-millions projects continue one after another, yet corrupted government servants richer one after another too.

I just want one thing: Transparency.

By auditing the accounts of this everything-in-the-dark country, we will know the veracity of the "management" and the truth and nothing but the truth.

As a "shareholder", I never bother to cast my vote in the recent 4-years once AGM.

So you think I will cast my vote in the next AGM? Nope, sorry to tell you that. When a fundamental style company becomes sort of speculative in nature, pull off your investment and put it in other baskets.

I see that capitals shall be withdrawn from this country, especially human capital.
With the rocketing living expenses to almost similar to our neighbour, Singapore, why our professionals still want to work here?

You are withnessing an economy structure that is heavily based on economic controlling measures like subsidies and quotas, is collapsing and replacing it is an economy that is thought to be efficient but in fact not at all. Along with the falling of the economy, we shall also see with our own eyes, the political revolution that is long waited and for better or worst we can only take the risk.

Sometimes theoretical economist is the one to blame. They never knew what should belong to books and what's really work in life.

RM2.70 is the ideal balance between subsidy and people's burden? Nope, I don't think so.

If the public transporation system in major cities are effective and efficient, I rather let the oil price be floated with the market. The last thing I want to see if when the crude oil price bubble bursts and our beloved government doesn't adjust the retail oil price downward and they will say something like "we wait and see, see thoroughly first", "The price will jack up again", "Our government can make use of these extra money to do more stupid things".

Again, I prefer floating price structure when the settings are allowable.

Honestly speaking, I believe crude oils and commodities are two bubbles going to be exploded. But for now, Malaysia got its' own "family" issues to be resolved.

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