I agree with the Gov’s decision : Let the self-correcting mechanism in the market resolves the oil & food crisis in long-run because i believe that nobody can avoid from Adam Smith’s Invisible Hand. However, i don’t negate the people’s rights to hold a street protest. Thus, i support the existence of 6 July Protest, but NOT its goal : to against the Petrol price hike.
But what most worry me is the New-Left (or Populist) economics promoted by some Oppositions. For example, re-distribution of land and RM6k to give away to poor family. These ridiculous suggestions may help Pakatan Rakyat Coalition State Gov to gain their own political fortunes, surely will bring big trouble to Msia Economic in long-run. I don’t negate that the low income-Msians may suffer from Globalism. I sympathize the farmers from South Korea also. But i believe that only with the existence of Trade-free lead to upgrade our productivity and then resolve the shortage of Oil & Food supply in long-run. We should learn from the lessons in Mexico, Brazil and Argentina. Their stupid and populism Gov pampered domestic corporation with subsidy and protest them with trade barrier, despite the huge National Debt. As a result, central banks have no choice except create more money and then led to stagflation nationwide. Finally whole country was bankrupt! Thus, i prefer to Libertarian Economic than Keynesians’ Big Gov.
In Msia, i guess Anwar Ibrahim is an opportunate choice. In my view, Parti Keadilan Rakyat (PKR) is just like a Rojak, a centrist political party consists of various convictions. On the other hand, it encourages interparty democracry. That’s also the reason why i prefer to PKR than the radical Democratic Action Party (DAP). I hope Azmin Ali, an America educated-libertarian economist can keep a balanced relationship with Dr. Syed Husin Ali, the pro-left leader in PKR.
However, my confidence on Anwar Ibrahim shaked by his recent action. As a result, now i’m trying to understand PKR’s ideology : “ promoting social justice, economic justice, eliminating political corruption and human rights issues within o non-ethnic framework” and its Agenda Ekonomi Msia (AEM) first before i confirm my mind-set.
And of course, i’ll always continue to against the crony capitalism by Barisan Nasional (BN) with no doubt. In this sense, i match with the left-wingers’stand. But in principle, my view is completely contrary with them. Although i thank and cherish the contribution from left-wingers like Parti Komunis Malaya and Parti Buruh in building Msians’awareness, but this does not mean that i accept their point. I’m a right winger who pro-Kuomintang instead.
伟伦 - Believer of Pure Land (Sukhavati) Buddhist Sect
服膺三民主義的中華民國國民黨精神黨員
Also available on : My Notes @ Facebook
4 comments:
Sure nobody can avoid from Adam Smith’s Invisible Hand, that is because we are in capitalism system now!
We can see the development of social, unfair system and class alway there! revolution and revolution toward better society, i believe that we are going to prefer society within climate of social development. just when the people have really to revolution! when the people discussing the social content from religion and race to ideology, i believe better society going to done.
i will not claim Anwar is new left or what! i believe him just a opportunist! anyway, he is people idol for change.
i seem that people no yet prepare towards discussion on ideology.
the idea toward social justice more important for us to run
Please do not always use class struggle as excuse. I know you dislike the great disparities in income and wealth that the system produces; you despise the discrimination against race and gender that you argue, capitalism promotes; you blame the system for alienating its labor force and dehumanizing people in other eways (as in the schools); you cite the irrational use of resources to produce too much private junk and too few public services; you abhor what you see as its imperialist and militaristic tendencies; and you claim that the system is unable to cope with the problem of macroeconomic instability. Taken as a whole, this is seems a powerful indictment. But almolst all these problems have been raised many times before by nonradical economists.
Liberals see each of these problems as separate and distinct. The problems, they believe, are the results of random cases of individual perversity. Liberals generally favor government-sponsored reforms designed to mitigate the many evils of capitalism. And these reforms never threaten the two most important features of capitalism: private ownership of the means of production, and the free market.
You, however, see each of the problems as the direct consequence of private ownership of capital and the process of social decision making within the impersonal cash nexus of the market. The problems cannot be solved until their underlying causes are eliminated, but this means a fundamental, radical economic reorganization!
The problems, they believe, are the results of random cases of individual perversity.
there are too many co-incidents. I m not dare to believe, but look into the reality. When your are discussing Southern American, put into the context. otherwise, people can also claim that the depth are the results of random cases of individual perversity...
The credit crisis in Chile (Mid 1970's), Mexico (Mid 1980's), Argentina (1989), Japan (1990), Brazil (1994), Asia (1997), and United States (2007), is a failure of lender and borrower; failure of of financial institution (like Lehman Brothers, Merrill Lynch, AIG etc) and its structured products (like credit derivatives, asset esp subprime mortgage-backed securities, oil futures etc); failure of speculation and manipulation; failure of government and independent regulator...
BUT!
It's certainly not a failure of free market!!!
Post a Comment