by Dr. Toh Kin Woon
I refer to the latest posting in Dr. Mahathir’s blog, in which he criticized the non-Malays for asking for more concessions from state policies.
In response to these demands, the current Prime Minister has liberalized rules pertaining to equity ownership in some services’ sub-sectors and promised to set up a scholarship based purely on merit, beginning from next year.
Dr. Mahathir has found all these to be unacceptable, as they are tantamount to the government helping the relatively better off non-Malays taking even more from the relatively poorer Malays.
To substantiate his point, he went on to assert that non-Malays now own around 50% of the share capital while Malays own only 20%, far from the target set in the New Economic Policy of 30%.
I find Dr. Mahathir’s arguments to be objectionable on 3 grounds. Continue reading “Dr. Mahathir ‘s Priorities are all Wrong!”