Open debate on New Economic Model (NEM)

By Dr Chen Man Hin, DAP life adviser

CALL FOR AN OPEN DEBATE ON THE NEW ECONOMIC MODEL AS IT IS A POLICY THAT WILL IMPACT ON THE ECONOMIC WELL BEING OF THE PEOPLE, AND AS SUCH THEY SHOULD HAVE THE RIGHT TO DISCUSS AND DEBATE ON THE NEW ECONOMIC MODEL BEFORE IT COULD BE IMPLEMENTED.

This is absolutely necessary as the New Economic Policy was pushed through parliament in 1971 without a full discussion by the people. Only the cabinet and government under the then prime minister were privy to the details, and it was rushed through parliament.

Implemented from 1971 until today, the aim was to restructure society, to rescue the Malays from poverty and to give them access to all strata of the economy.

Today, admittedly there are more middle class Malays, but the vast majority of them still live in grinding poverty, and many others still live below the poverty line where families subsist on RM1,500 a month.

The wealth which was supposed to be transferred to the Malay poor was hijacked midway by Umno cronies. They have become rich beyond their wildest dreams.
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