Anwar Ibrahim
Malaysiakini
Mar 12, 2013
COMMENT
The present Umno-BN government of Najib Abdul Razak is living on borrowed time. It doesn’t want to admit it but its legitimacy is now totally in question because constitutionally, its full term has expired.
The people’s patience is tested to the limit here by the audacity of a government that goes on ruling without a mandate.
A number of bogus analysts and self-appointed doomsday prophets, especially those driven by very personal agendas, have warned that Malaysia will descend into political and economic chaos in the event of a Pakatan Rakyat victory.
On the other hand, the more genuine and independent observers have expressed greater optimism. For instance, the original ‘Dr Doom’, Prof Roubini, says that our economy will stay robust even with a change in government.
We know that a mandate for change is not limited to the political sphere though it is true that without that mandate, economic management itself will be off to a false start.
When Indonesia made that break from military autocracy to constitutional democracy, much of the focus of the free world was on how its economy would weather the transition.
And in their case, transition would stretch for years and indeed the fruits of that initial process of political upheaval are for all to see.
In the case of the Arab Spring, the major worry remains the lack of clearly defined policies that would set the road map to economic recovery and growth.
They are still finding their way and it won’t be an easy way but that is no excuse for rejecting freedom and democracy.
Certainly, political stability is a key factor, and I might just emphasise the most crucial factor in setting the direction and objectives of economic management. Continue reading “Don’t fear the consequences of change”