What is the best government for Malaysia?
I thought we had probably the best model when we started out but somehow it was stolen in transit.
So we went explicitly racial with distribution at the expense of growth until the economy went into a grinding halt.
Then came the FDIs and the stockmarket and the privatisation and the mega projects, funded at the end of the day by Petronas.
Some wise guy declared, "At least, we made a few billionaires even if the policy has failed." Failed?
The strategy is to spend our way out of the problem. There is nothing wrong with government debt - only that the debt should be to enhance innovation and productivity gain. None of these happened. We are spending good money to get very poorly made stuff. Hence, our inability to get out of the middle-income trap. Nobody is working except the voters from the other third world.
The policy is bad. But the horses have bolted.
So, the best government is a new government. It has proven not to be so easy. It's a structural issue, as it has been pointed out. So, we are stuck in a very awkward position.
There are some of us who wished for want we want. There are some of us who accept the reality. We should try, but we should also accept that good things take time to happen. We have been here enough, we should know.
What kind of government do we want? Each seller promises an answer to a problem, but none the same answer to the same problem. We are in the political market.
The economy is going through a very hard time. Many businesses will suffer. We are still peddling the same old commodity model of the seventies. We haven't really taken off, except for property prices and food prices and everything else that we cannot afford.
What about the election? It deserves one phrase: it's over.