Although the 13th general election is imminent, Prime Minister Najib
Abdul Razak still appears reluctant to engage in a public debate with
Opposition Leader Anwar Ibrahim.
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There is undoubtedly a need for this debate, focusing specifically on Malaysia's economic and social policies.
The global financial crisis in 2008 drew attention to the urgent obligation of the Malaysian government to carefully review neoliberalism, the dominant model of development that had been actively implemented since the early 1980s by then Prime Minister Dr Mahathir Mohamad.
Mahathir had been deeply enamoured with the core tenets of neoliberalism that had been actively advocated by Margaret Thatcher and Ronald Reagan from the late 1970s.
These conservative leaders would come to obtain huge support worldwide for their argument for less government intervention in the economy and for their zealous endorsement of the private sector as the primary engine of growth, including through active de-regulation and privatisation.
The global crisis discredited neoliberalism when the social inequities it had wrought, particularly the growing divide between the rich and poor, was so devastatingly exposed. Neoliberalism's precipitous fall from grace was most conspicuous when the governments in the US and Britain had to support massive bailouts of powerful huge financial institutions to stymie the collapse of these economies.
Read More / Baca Lagi >>
There is undoubtedly a need for this debate, focusing specifically on Malaysia's economic and social policies.The global financial crisis in 2008 drew attention to the urgent obligation of the Malaysian government to carefully review neoliberalism, the dominant model of development that had been actively implemented since the early 1980s by then Prime Minister Dr Mahathir Mohamad.
Mahathir had been deeply enamoured with the core tenets of neoliberalism that had been actively advocated by Margaret Thatcher and Ronald Reagan from the late 1970s.
These conservative leaders would come to obtain huge support worldwide for their argument for less government intervention in the economy and for their zealous endorsement of the private sector as the primary engine of growth, including through active de-regulation and privatisation.
The global crisis discredited neoliberalism when the social inequities it had wrought, particularly the growing divide between the rich and poor, was so devastatingly exposed. Neoliberalism's precipitous fall from grace was most conspicuous when the governments in the US and Britain had to support massive bailouts of powerful huge financial institutions to stymie the collapse of these economies.
Read More / Baca Lagi >>