Wednesday, April 07, 2010

Whose Fault is it that the nation's wealth is in the hands of the non-malays?

According to the Deputy Prime minister, Tan Sri Muhyiddin Yassin,' current records show that a large portion of the nation'swealth is in the hands of the non-malays'.

So whose fault is it?After 52 years of NEP and affirmative action, the non malays still managed to own a large portion of the nation's wealth. If $54 billion worth of shares were given to Bumiputras and that figure subsequently dwindle to $2 billion today. who should we put the blame on? Perhaps Perkasa Ibrahim Ali and Mahathir would love to blame the non-malays for their inabilty to cling to the $52 billion worth of shares.

Muhyiddin has suggested that the data on wealth distribution would be updated. But what affirmative action has the DPM has in mind if the data confirms that the wealth is mostly in non-malay hands.? By his revelation of the data that the wealth is indeed in non malay hands will that means that it is now justifiable for the govt to continue plying the bumis with affirmative action till they manage to retain 30% share of the economic pie?And what if they again fail to retain the 30% share and later fall back to their comfort zone of 18% share? Do we repeat the same policy over and over again till bysome miracle the 30% is finally achieved and retained by the bumis?

For the last 52 years UMNO was the leader in the B.N coalition. The Prime Minister and all the important porfolios were from UMNO. Petronas, and all state GLCs are controlled and managed by bumis. The Judiciary , the state and federal civil servants are mainly occupied by malays. Until the last 2008 general elections all the state Menteri Besar and Chief Ministers with the exception of Kelantan came from UMNO and B.N.

What this literary means is that UMNO controlled the state and federal govt and had overall control over the nation's resources and policy. So how could Ibrahim Ali and mahathir blamed the non-malays for their predicament in not being able to retain their share of the country's wealth?

If we were to apportion blame then it should rightly be fingered at the leaders from UMNO and certainly not the non-malays who had no control or influence in the distribution of the nation's wealth.

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