Reformasi in the economy. Part 2. Devil's advocate series no 12.

1 . The PM is always shrieking about eliminating corruption . It's an unending fight against the sakau culture

2. We have no doubt that the PM is serious about it. Ventilating and harranguing about it is good. But the doing part is the more important part .

3. And it's the easier part. Charge someone and humban dia in jail

4. Although the humban part may take a long time. It may take 20 years for the courts to ascertain the elephant is not the hunted gazelle.

5. Even then the criminals use every trick in the book to see wriggle out.

6. The Javanese primate who has 47 charges and ruled to have a prima facie case, persuaded the AG to propose a DNAA. The kleptocrat in chief is trying to persuade the king to give him a pardon

7. Some argued the DNAA is lawful. It may be so but is it right?

8. What is legal may not be right after all.

9. Apart from these moot points, the fight against corruption seemed to be discretionary, unfocused and more vindictive

10. Regrettably, we are not here to discuss the moot points

11. We are here to discuss the area where reformasi is more needed-the economy.

12. An area, where I am inclined to repeat what James Carville said- it's the economy, stupid.

13. Or the area mentioned by Machiavelli a long time ago- we assess the leader in terms of his ability to prosper the nation .

14. The UMNO way to Malay economic prosperity is to create a coterie of crony capitalists .

15. It's Bush senior's definition of voodoo economics

16. Well not quite voodoo economics of Reagan for Reagan at least targeted the rich

17. Here, it's a bastardized version of voodoo economics. Pick and choose any mat, awang and dol. Give them monopolies, licenses contracts and so.

18. They got to be mollycoddled because they can kneel down and cry and maybe blanja the bureaucratic brahmins to patronize ah bengs massat parlor for manhood massat.

19. Businessmen were given the preferential treatment not because of their competencies or expertise but because of their cunningness, rapaciousness which induce subjective judgement calls from the grand deep state people

20. 2 seeds of destruction are already planted in the pick and choose model of economic winners

21. 1st, the lack of competencies. 2ndly, subjective judgement calls from the grand deep state.

22. This pick and choose economic model originated from UMNO's preferential and affirmative policies. Made as mainstream economic model by Dr Mahathir.

23. As a result, you have the riff raff and the bottom feeders of society getting prominence. Enjoy initial business success but eventually going under.

24. UMNO also operates on the zero sum principle. Economic gains by non malays are taken as depriving and minus-ing economic opportunities for Malays.

25. This behavior violates a basic principle of economic productivity.

26. Which is, factors of production cooperate and work with each other to increase productivity

27. Economic actors cooperate and work with each other to.increase productivity.

28. Being in constant uncooperative state or in economic antagonism, productivity and general economic gains take a dive.

29. But that's ok. The Malays are accustomed to work below par and operate on the levels of mediocrity.

30. I can already see the neurotic responses of these people especially the Malay supremacists and UMNO people.

31. I, a Malay is not Malay enough, not patriotic enough. Wait till you see the parang terbang etc.

32. These, sirs, are typical caveman responses.

33. Are the PKR people, howling the customary reformasi, lawan tetap lawan membujur lalu melintang patah going to change the premises of the existent business model?

34. Will it be change or more of the same? That will be in part 3.

Tweet

Read more...

Reformasi in the economy. Part 1. Devil's advocate series no 11.

1. It was reported this. The government is looking forward to 10 Malay IPOs. They want to create 500m Malay noveu rich

2. When I read this, I know that economic reformasi is fake

3. If the malays are good, why do they need assistance from the government?

4. This is what you get, when you believe that the greatest economic achievements come from the dictates of central command economics

5. The truth is, the greatest of economic achievements result from private enterprise operating under a system of free market economics.

6. Sunway did not grow big because some bureaucrats in Putrajaya guided it's growth

7. The Kuok group does not become big because Amir Hamzah and gang bridesmaid them

8. Similarly, the IOI group doesn't become big because some bureaucrats in Putrajaya tell them what to do

9. On the other hand, as comparison, look at how most of the bumi companies got big.

10. They got big because they were given exclusive licences, monopolies and were given direct businesses by the government

11. They got big from the assistant of what I called the grand deep state.

12. A deep state is the collusion between high government officials and the business community

13. A grand deep state occurs when the is collusion between high government officials AND political leaders and the business community.

14. You think a Bangla can become a big taiko and towkay without the grand deep state?

15. Or nexG becomes a billion ringgit business without the grand deep state?

16. Or the man who rented helicopters to PETRONAS, Syed Mokhtar presently, others got big without the grand deep state?

17. Even NAFAS- can it evolve into a company of leisure and decadent wealth supplying fertiliser nobody wants if not assisted by the grand deep state?

18. Let's get real- this will be a contest between central command economics and free market economics .

19. The companies that thrive for the moment because of central command economics will eventually fail

20. Because they evolved not though building organic competencies but grew because they are hand guided by the grand deep state

21. On the other hand, company that grew because of internal competencies will endure .

22. What happened when 1 day, anvar ebraheem decides to remove the grand deep state and removed monopolies, licenses and so on?

23. The companies that thrive for the time being because of patronage, will go kaput!

24. Will the PM realise that this way of economic growth by the dictates of central command economics and through the grand deep state is the UMNO way?

25. The first step on the road of economic reformasi begins by unfollowing the UMNO way!

Tweet

Read more...

Reformasi and Education. Devil's advocate. No 10.

1. All Malaysians should now know, there won't be any radical changes in our educational landscape

2. There won't be any reformasi there. The quota of 90% bumi intake in matriculation stays 

3. Some celebrate and pay homage to non bumi achievers in the SPM 

4. But the celebration will turn to frustration, when many of these high achievers won't even smell the coveted places. 

5. Because meritocracy is not going to be the main criterion for admission for admission to matriculation courses . 

6. Preferential treatment hidden behind the sanitized term of positive discrimination will be. 

7. Preferential treatment and other affirmative policies are necessary because they are needed to rectify the educational deficit of the Malays 

8. Malaysia isn't ready for meritocracy say the politicians. That assertion is implemented with great fervour by the bureaucrats. 

9. So that's it- the quota mode stays the politicians themselves are dead 

10. Because there will be no reformasi, there goes my plan to supply badges with a nude Rose Chan on them 

11. You would assume that as a Malay I would rejoice because the quota system stays 

12. I am afraid you are wrong. I am opposing it because it is inherently wrong and unfair. 

13. To confer onto ourselves advantages and then compete with others is wrong 

14. It's a almost 60 years since1970, we haven't overcome the constaints we fought against? 

15. This is the 21st century and do we still attribute our backwardness on colonialism and other erasable social injustices? 

16. The Malay supremacists and Uber nationalists, because the educational deficit affects them, will continue to use these factors as justifications to justify the quota system 

17 . In reality, our educational deficit as well as our general backwardness is because we have chosen the wrong political oberbau or superstructure. 

18. By continuing the policies laid down by UMNO and embellishing them, we are in fact perpetuating the social divisiveness enabled by UMNO's social engineering. 

19. It is the greatest of irony, that we are not serious in grafting a bangsa Malaysia. 

20. Indeed, racial polarisation seemed to be the natural outcome as we exacerbate racial differences . 

21. Witness the many bellicose rants coming out and the equally pugnacious and combative responses. 

22. If the Malays require all the assists to get by generally, then it is a terrible indictment on our race. 

23. The requirement is so because the assists are not befitting the 'par excellence ' race . 

24. The race that prides itself as descendants of Abraham, were here since the great floods of Noah, inspired the Egyptians building pyramids, taught the Romans shipbuilding, taught the Chinese how to fly, inspired them to make yee sang and is claimed to have DNA older than the Chinese and Indians. 

25. A race with these superman qualities cannot overcome the impediments to social progress, say in 20 years? 

26. Now , education is important to all races and the area most requiring reformasi. 

27. The problem is, bureaucrats see these intelligent lot as just digits to be manipulated 

28 . The quota system perpetuates institutional discrimination, entitled mentality and social divisiveness. 

29. Leads to misfit of talent pool. As a result leads to suboptimal talent pool . 

30. Deprives the nation of competitiveness and sub optimal productivity 

31. The removal of the quota system is necessary as it removes the entitlement mentality, removes bureaucratic oppression implemented through educational engineering more manipulation in fact but disguised as a well meaning means to rectify educational deficit. 

32. The greatest danger will be that the quota system is accepted as the natural order of things and an integral part of 'good governance '. 

33. It will then be defended by any means necessary and challenges to it in any form will be regarded as seditious defiance. 

34. I am not dismissive of the government's efforts to address the wrongs in our educational system 

35. But the reformasi must not be achieved through a system of preferential treatment and affirmative policies. That is the
UMNO way. 

36. I hold it as a universal and inalienable truth, that the way forward for us not only in education but in all social progress in general, be achieved through hard work, cultivation of competencies and competing on a level playing field. 

37. That , my friends is the Zaaba way. That Malay rara avis , prescription for all malaysians. 

38. And it must be done with minimal interference and intervention from the government 

39. Governmental intervention and interference is just central command management in another form. 

40. Just old school communism.

Tweet

Read more...

Diesel ex-malaysian refinery. Ongoing Sting operations ?

1. Why are we quarrelling as to where the 329,000 or some 52.3million litres of diesel came from?

2. The assertions and denials can be put to rest by sighting the tanker documents. 

3. Sight the commercial invoice, bill of lading, certificate of origin, packing list etc. 

4. The hoo-ha about where the diesel came from is finished . We can even it's price. 

5. What's not finished are the related issues, which to me are more important. 

6. The refinery may have sold, to a trader at subsidized price. Let's assume so. 

7. The refinery may then claim the subsidy quantum. 

8. Suppose, a trader is doing this skunk job . 

9. Buys ex refinery price at a sweet heart price and sells at an agreed price in subic bay . 

10. Maybe then shares the windfall with people at the refinery. 11. That's business acumen. Hurrah! 

12. But picture this. What if the shipload of diesel was loaded bypassing the meter? 

13. Then the whole thing becomes theft . 

14. In the refinery book, there is no booked out volume. No theft on paper. 

15. Only when ullage is taken much later, will the theft be known. 

16. This theft can only be undertaken by an unscrupulous the trader WITH the connivance of some refinery people. 

17. Then kita sama2 kongsi hasil sakau. Can go massat parlor for manhood massat. 

18. Imagine if bought at 2 ringgit ex refinery price , the 52million litres yield 104 million ringgit per operations. 

19. Let's assume the trader makes 6 ringgit per operations. He makes 312 million ringgit. 

20. Imagine this kind of clandestine operations have been carried out on numerous occasions in the past. Horrors! 

21. We can see rod sterling of the Twilight zone saying, picture this. A few ghouls in the refinery conspire with a dracula of a trader.,... 

22. No, Mr PM sir, you can't stop people from talking about this issue. In fact , don't stop. 

23. The shipments to mabuhay country, may uncover a racket going on in one of our refineries.

Tweet

Read more...

Zombie Economics. Devil's advocate no. 8.

1. I have to say this. It's uncomplimentary of the PM. But who cares. I am not PKR so mdm SUA can't issue any show cause letter. I am a Malaysian.

2. Who doesn't want to see Malaysia regress to a kleptocratric state again 

3. Previously under 1mdb,now maybe under bestinet or nexG? 

4. Some people heap accolades on anvar ebraheem. He's the best FM and the bestest economic manager of our country. Blah blah . 

5. I beg to differ, politely sir 

6. Any economist, not only I, will dispute his or his people's claims about good financial governance. 

7. I have my version of the K-percent rule as regards budget deficit and tax refund arrears . 

8. These 2 versions shatter the myth and the hollow claims on good financial governance. 

9. I found the answer given by 'Tom Selleck' Amir Hamzah, the 2nd FM not convincing at all, when Rafizi raised the matter . 

10. Our deficit to my mind should be set around 4% of our GDP. 

11. That's fine and dandy. Except our GDP is not our true GDP and therefore our deficit is not our true deficit. 

12. But because we have included tax refund arrears as revenue in our national accounts aka budget, we have a spurious budget . 

13. Assume the true income is 100b. But because we have included tax refund arrears as realized income, our spurious budget becomes say, 150b. 

14. 4% of 100b is 4b while 4% of 150b is 6b . Hey presto, we have a deficit of 6b . 

15. We borrow to meet the deficit. But we tell people, don't worry-the incremental compared to that incurred by previous administrations is less. 

16. About the incrementals, these are of interest to a academicians in colleges and those busybodies who like to split hairs. 

17 . The majority of people don't give a rats ass of attention to the incremental . All the know the public debt is 1.3 trillion. What are doing to decrease it substantively ? 

18. The point is you can't. Not as long as you include refund arrears in our GDP. 20,30b. 

19. A spurious GDP will lead to a spurious deficit. 

20. This is where a spurious deficit gets interesting. It can be the hotbed for nefarious and mendacious activities by nefarious bureaucratic brahmins. 

21. The spurious deficit can hide these rapacious activities. 

22. It can be used to find bailouts, fund wasteful projects, provide cheap loans to crony companies. And the PM getting no wiser about it. 

23. We can't discount the possibility of these bureaucratic brahmins skimming from the top. 

24. It proves what Milton Friedman says, we are excellent at spending OPM. 

25. Therefore my concern of the deficit isn't confined to it just being an exotic subject shattering the myth of claims of good financial governance. 

26. But more concerned as to the deficit being used to conceal corruption activities by bureaucratic brahmins and politicians. 

27. Aspire to wholly exclude tax refund arrears in the GDP or keep it the barest minimum. Aspire also to achieve a true deficit 

28. I am not holding this back- but I suspect our GDP and our deficit are heavily doctored by bureaucratic brahmins and creative bean counters. 

29. These dishonest people are running circles around our PM who's more interested in reading novels by Vaclav Havel and Gabriel Garcia 

30. The other component of good financial governance is managing the tax refund arrears. 

31. Keep it to the minimum say 2 or 3b instead of 10b and above. An impregnated tax refund areas would only shatter the claims of good financial governance, Sir!

Tweet

Read more...

Correcting a comedy of stupidities. Devil's advocate series no 7.

1. When in January 2026, the AG decided on a DNAA on wak47, it caused a furor among law abiding citizens of Malaysia.

2. The court has already decided that this is case in which a defense is required. In legal jargon, there is a prima facie case. 

3. This is case that is valid against the whole world. Ownership of the case is the state's. 

4. It's no longer ownership between private parties such as the case involving the health minister an a convicted certain kleptocrat in chief. 

5. In the DNAA case, the prosecution is to be carried out by the state 

6. It is not opened to the AGC to discontinue with the case without the concurrence of the court. 

7. The court may not agree or affirmed the 'proposal 'from the AG. 

8. The court has the final authority to decide to continue with a case in a prima facie status has been found . 

9. By deciding to discontinue the case without the concurrence of the court, the AG and the AGC have misapprioprated that authority from the court . 

10. In common language,that is insolence and contempt of court 

11. Contempt in the form of not only in words but also in conduct. 

12. For snatching and robbing and usurping the authority of the court alone, the AG must be punished appropriately. 

13. The AG said he wished to discontinue the case as more evidence and information is required. But a prima facie case has already been found 

14. The judge then should have stopped the AGs incompetence then 

15. Wasn't that an open admission of incompetence and lack of meticulousness on the part of the AG? 

16. That confirms my belief that some lawyers and judges are like eggs which come in various grades . 

17. Grades A to C where C is the lousiest. 

18. This is a comedy of stupidities. The first round of stupidity was committed by the AGC. It was further fortified by the carelessness of the judge then. By countenancing the 1st round of imbecility. 

19. Therefore, in my opinion the bar council's objection to the application of DNAA by the AG is correct. 

20. It is asking the court to reinstate the 47 charges and to declare the application for DNAA as null and void. 

21. It's also asking the court to slap an act of mandamus on the part of the AG 

22. An act of mandamus, if I remember correctly is asking the AG to act according to specific articles of various statutes. What these are,the clever lawyers will know la . 

23. If an act of mandamus is applied for, doesn't that mean the AG has violated some provisions in appropriate statues? 

24. Is that misfeasance or non feasance? The tuan Pegu can answer that . 

25. Since when can the AGC, an inferior body in relation to the court unilaterally decide to grant a DNAA? 

26. It also seems to suggest that what manner of legal action is chosen varies with the stature of the person of interest? 

27. Is the DNAA chosen because the person is the DPM? 

28. Isn't it true, that the court recognizes only a litigant and no DPM, tan Sri, Dato Seri etc? 

29. In applying to the court for various remedies, the Bar Council must remain stout and steely resolved. 

30. It must not capitulate to the objections of various Malay supremacists. 

31. Some say the actions of the bar council is an attempt to frustrate the DPM in various ways 

32. To criminalize him, to discredit him , envious of him etc. Worse, the bar council's action is anti Malay. 

33. I am especially annoyed when some idiots say, because the judges and bar council's members are non malays, they will never give justice to Malays. 

34. Idiots will say that. They don't understand the meaning of fair play and professionalism. 

35. I believe, in a body like the bar council, professionalism and fair play will prevail.

Tweet

Read more...

Reformasi is not sloganeering or doing batik painting or songket weaving . It's the surgical overthrow of defunct political cultures.

1. At the end of PKR convention. In Johor, the PM shouted the customary slogans.

2. Reformasi, lawan tetap lawan, membujur lalu melintang patah. 

3. As pak pandir modern would usually say, wow! 

4. In an earlier article , I said conversation. Because I think that it was just that- a talk cock session. 

5. The convention was more dominated by Rajinikanth Ramanan outpouring of diatribes against a person not there. 

6. The sloganeering was chorused by PKR leaders, where it befits them. 

7. We could see people like Mr Ramanan, makcik fadlina and herr fahmi there at the front row. 

8. It dawned upon many of us, that reformasi is not sloganeering, but the doing of it. 

9. Especially now, as reformasi is dwarfed by korapsi, kolusi and kebasi. 

10. And safety netting of Azam Baki. 

11. Are we seeing the ramananisation of PKR? 

12. The DAP and AMANAH have an interest in what's happening to PKR 

13. They supported Anwar but not to see PKR political culture,watered down by an ex mic saboteur. 

14. Anwar is responsible not only to PKR but also to his loyal stakeholders, DAP and AMANAH 

15. It's clear that the doing part of reformasi is more important. 

16. It's evidently clear that reformasi is not sloganeering or chorusing about it. 

17. It's not like doing batik painting, songket weaving, drinking teh tarik or eating pasembur, singing Kuch Kuch HOTA hai. It must never be so temperate, so bourgeois politely so leisurely and celebratory. 

18. It must be the the surgical removal of all previous political cultures. 

19. And that requires a firm leadership, the very requirement lectured by notorious Azam Baki. 

20. Which reminded me of what Lee Kuan Yew said after sorting out the SIA pilots issue. 

21. He said, that whoever rules Singapore must have that iron in him. 

22. Translated in our case, means whoever rules Malaysia must have that iron in him. 

23. Therefore those in attendance of the Johor talk cock session, if you approach reformasi with no reformasi state of mind, might as well stay home. 

24. Do your husband and wifely duties.

Tweet

Read more...