Saturday, June 30, 2007

New Economic Policy, or Never Ending Policy?

Much ruckus has been stirred this past week about the comments of European Commission's envoy to Malaysia, Thierry Rommel, on the New Economic Policy. Basically it can be inferred from his remarks that the NEP was discriminatory and amounted to protectionism against foreign companies. Well, this is not the first, nor would it be the last, we will hear of such criticism; I'd only hope that the Government would take heed of the increasing voice against the policy both from within and from without.

Thierry Rommel and EU's relevance to Malaysia, vice versa
Najib: Envoy’s remarks moot Government to seek Wisma Putra’s views
Malaysia to send protest note over envoy’s remarks
Rafidah: It’s an attitude problem

Of course one would have expected the volume of criticism against Rommel from the government, especially from Barisan Nasional leaders in defence of the policy. After all this policy has been in place since 1970 and has served those in power well. It would be sad for them to see it end. And it's good political capital too, especially in UMNO, what with the general elections around the corner!

One thing intrigues me though: for one, the actual speech from where the comments were inferred, were never published in mainstream media and only reported in blogs and the Associated Press; and two, there is scarcely any comment from the non-UMNO leaders of the Barisan Nasional about this. And we have heard nothing from our sleeping Prime Minister about this either: only from the Deputy Prime Minister and a smattering of ministers.

To me the point is moot: the NEP is dead in it's original form. It has been hijacked to serve the purposes of those in power. I am resigned to the fact that it will continue indefinitely - until a time when the masses have had enough (by masses I mean the Malays that are blind to the fact that the NEP has not served them well) and a revolt happens. Hopefully a bloodless one...and one which installs a leader brave enough to take the bold step to reverse the many years of rot that had set in with the implementation of the NEP.

Till then, we will continue to see opportunities pass us by; as for me, the saying 'make hay while the sun shines' rings true: because the sun will be setting soon on this land...

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