Interviewed
Interviewer (Wall ST Journal): What do u think of USA economy in the long run taking concern the Katrina disaster & the enormous rising oil price now?
RAY7: I am basically an optimist. I see our economy as healthy and stable. It is still marked by seasons of growth and seasons of decline, but its roots have remained strong. Despite the changing seasons, our economy has persisted in an upward course, rebounding from the blackest calamities.
RAY7: I am basically an optimist. I see our economy as healthy and stable. It is still marked by seasons of growth and seasons of decline, but its roots have remained strong. Despite the changing seasons, our economy has persisted in an upward course, rebounding from the blackest calamities.
posted by RaY7 at
1:09 PM
24 Comments:
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Anonymous, at 4:10 AM
Chinese getting straight As are not allowed into universities. Not allowed civil service jobs. That is blatant discrimination.
Why do you support such discrimination?
Chinese Malaysians have built very successful businesses, hence they have the wealth that they have. This is not greed. They worked for what they now own.
Why do you envy what does not belong to you? Is this not greed?
It is quite untrue that business offers are conducted on the basis of race. Starting any business is very very hard work, but the malays did not have a hard working tradition to persevere. This is a cultural change the malays need in order to conduct businesses successfully.
Armed with this knowledge, do you still insist that Chinese Malaysians are greedy, and therefore it is right for malays to take what does not belong to them?
Your perception of business in Malaysia has got to be wrong.
Most goods and services can be conducted in open markets, and there is no particular reason to single out malays so that Chinese businessmen should swindle them. There are lots of swindlers in business so it is not just malays who get swindled.
Successful businessmen depend on providing real benefits to customers and partners so that it is worthwhile for them to do business again and again to both parties benefit. It is only when customers also get rich that businesses can grow.
The discrimination against Chinese, Indians and other peoples cannot be tolerated in the modern world. Countries that do this will face long-term decline.
Hard working people are not greedy as you accuse them. They are hard working because they have a mission in life to prosper, to give offspring a good chance in life to live to the full, to contribute their talents to the betterment of society……….
This is not greed.
Whereas, envy of others wealth and taking what they have not worked for is greed.
I would put is stronger. It is robbery and corruption. You talk like a Mafia extortionist when you said that worse could happen to the Chinese, so be thankful because there are more malays than Chinese, and therefore they can take even more from the Chinese if they want to.
You have to be joking to believe that your greed and prejudices are the wonderful things about Malaysia. Well, may be you do.
Malaysia as describe it is a country based on racism, lack of a conscience, and greed (taking from hard working foreigners).
Meritocracy is denounced. Robbing the wealthy is promoted.
How can there be a good future for such a country?
Looking from outside of Malaysia, it is easy to see that the malay-controlled government is enforcing a wealth-robbing programme from the Chinese who earned their wealth through hard works.
By barring bright well-qualified Chinese Malaysians from entering Malaysian universities, Malaysia is pursuing a discriminatory policy based on race.
This is not tolerated in civilised countries. It is a policy that gives Malaysia a very bad reputation and deprives itself of its most talented.
It is a policy which tells the malays that robbing from the rich is not greed because being rich, being educated is the same as being greedy.
This is moral corruption and self-contradiction which Malaysia will pay a very heavy price.
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badminton raquet, at 11:13 AM
Next election will not make much difference too, perhaps also all elections in future. The BN will continue to hold two-third majority since all mainstream media controlled by them; and also election commission is virtually on their side.
The majority malay will mostly vote for BN so that their crutches can be solid.
The Indians can't change the direction of the votes; hence they will follow the majority; otherwise Samy also cannot save them if they vote for opposition.
The Chinese will be threatened with 513 again and subsequently majority will vote for BN, for peace and security.
So you can see, Bolehland is no more hope. The corrupt ones will continue hang on to their positions until some foreigners come here and re-colonise again, only then hope will emerge.
Pak Lah is strong in making empty can promises. He is weak in implementation of empty can promises. What is it to implement - it is empty.
Perhaps it is orchestra to show that the government still has some sense of humour.
Whether Pak Lah is weak, strong, sterile or impotent, he got to go. Do not waste too much of Malaysians time. We have not many left.
If Pak Lah is in European countries, Japan or the US, or even other advanced countries, a non-confidence motion had long time tabled against him. He is lucky to be hiding in Bolehland.
The prime minister leadership is weak and the clear evidence is rather simple: when we have so much challenges like the budget deficit, falling investment, poor education standards etc, the issues that has been brought the most attention are very fundamental issues like separation of powers, religion and state power, police power, the NEP, our constitutionals inconsistencies, etc.
In a nearly 50 years old country we are still struggling with our goals and direction as a nation, rather than deal with real implementation of programs.
Anyone can always hold on to power with overwhelming advantage, but if leaders postpone decisions often enough, it comes back to haunt us all even worst in the end.
Any resolution for the country would be mere wishful thinking.
Change is gradual and if at all the country was progressing in the right direction, we could have seen it happening. But what we see is the country heading downhill on all fronts - economy, education, governance, honesty, integrity, inter-religion/racial harmony, judiciary, morality……….infinitum.
I just can't see any light at the end of the Malaysian tunnel!
By
the model racist nation, at 10:32 PM
Folks, please tell me how do you best manage a country, whereby - the majority community who rule, can't competitive on equal footing with other countrymen, and fear to end up as working for very competitive - the other minority.
(Australia/Singapore/USA etc, don't have these scenario, as the community who call the shot is also the majority community.)
But building a world-class university in a third-world nation is unheard of, with the exception of large nations of China/India.
Simply, a third world Malaysia software does not nurture a first class world-class university.
Our government complains of brain drain, but do we actually do something to lure all these professionals back?
It is sad to see that we have the greatest minds around the world. One would be proud to see that we have great Malaysian minds in almost every field, for example in dentistry, medicine, physics etc, and yet where did they end up?
They ended up in the developed world, helping the developed countries to become better day by day.
It would be more logical to try to attract these great minds back from other countries than to continue employing health professionals from foreign countries like Bangladesh, Pakistan that would not be dedicated in their work in the end, because of the poor system here.
Will this country ever change? Unfortunately, I doubt it.
We have a daughter who is currently studying overseas. My wife and I have been trying to tell her to stay there and get a PR and not come back.
Malaysia will always be here. It is a nice place to holiday - you want to live a compromised life you can return to work. But you want to be yourself then go wherever you please. We all wish you well.
Believe me, the government too wishes that you don't come back to quell the Chinese professional numbers. So they remain obliged to make your life miserable. All this talk about brain drain……….come on, you doesn't really buy the government's feigned attempt to show concern, do you!
So, be wise, stay outside. Come back to get yourself rejuvenated with Malaysian food, and culture, as often as you can and stick your fingers up to the government too.
But just remember if you are not prepared to compromise principles……….just stay out!
Even though the white man's land is not wholly a bed of roses, we know we will be treated more fairly and the system is much more transparent than what we have here.
It is a heavy heart that we have to make this decision for our daughter but deep down inside, we know it is better for her and her next generation. We are already near the final lap of our careers and life, and the political situation here has little impact on us.
Our children have a whole new horizon ahead of them. It is their future……….do they have one here?
Just be practical. One anesthetist told me, your perception will change when you have kids and a wife to worry about.
By
jump the ship, at 10:36 PM
I left the country some 20 years ago. I am very glad I made that decision. My children got the education they desired and both enjoying their chosen professions after completing university studies.
I enjoy tremendously living and contributing to my adopted country. I am an IT professional, so are many of my friends who left Malaysia with me in the 1980s.
Most of our children are professionals in their own rights. They earned their places in the society on their own merits. Many of them are in the engineering, financial, IT, legal and medical professions.
Dare I say many of them won various scholarships throughout their academic pursuits. Oh Malaysia! You don't know how much you have lost……….
I would never come back to Malaysia. It sucks……….control of malays. They have no rights for Chinese or whatsoever. The Chinese, Indians and other races worked hard to pay their tax while the malays just spend it. Where is the right?
I did watch a documentary on the history of Singapore……….few days ago……….There is an incident of the joining of Singapore and Malaysia.
The main reason Mr Lee Kuan Yew doesn't want to join with Malaysia is because Tunku Abdul Rahman wanted the malays to stay power on the political side and the others be second class citizens.
If during that time Tunku Abdul Rahman were to treat everyone the same……….Malaysia will be as rich and famous as Singapore today.
By
run away wihong, at 10:37 PM
Well said, we wish you well and kindly dismiss those who question your motive or patriotism. These are the bigots whose 'hidden agenda' and myopic vision that is keeping this wonderful bountiful country for progressing.
If you are emigrating for your kids education, you have made a right decision. Remember your kids will be influenced by the good and bad values overseas.
The ideal age for emigration is 16 years old or less. That is why your kids will make it in their careers and settle down successfully overseas.
Well done. Welcome to western culture where there are:
1. Equal opportunity regardless or race or religion
2. Environmental Awareness
3. Government subsidised healthcare
4. Government subsidised tertiary education as well as primary and secondary schools
5. Higher quality living
6. Protection of the labour market via enforced minimum wage across all industry sectors
7. Social welfare standards
8. Unconditional democracy
In the globalization era, we are truly citizens of the world and it is no shame to relocate to 'greener pastures' should you have the ability and the means. Why stay in a place where there are blatant abuses, discrimination and limited prospect for those unconnected!
Feudalistic rules are maintained to fleece the masses, where the titled and corrupted are the 'untouchables' but honest and hardworking citizens must bear the full brunt of the law (and taxed to the hilt).
"There is more than enough to feed the world but not enough to feed the greedy."
If you compute the cost of sending 2 children to an oversea university (probably RM200k to RM500k), it is more cost effective to emigrate even if it paying a bit more tax or giving up a cushion job to enter into the uncharted waters.
If you made it here with an ever-moving goal post; I don't think it will be hard for you to find your niche in a level playing field.
Farewell but do keep us in your prayers.
By
malaysia is very low class, at 10:41 PM
In the 1980s when Mahathir was asked to comment about the brain drain, he curtly replied that, "If he open the doors of this (Malaysia) country wide, a lot of people would be happy to come in".
His message to the non-malays was leave if you want to, the more the merrier, because for every 1 of you leaving, 10 people from outside would be more willing to come in to replace you.
What Mahathir uttered reflected Umno's agenda of wanting more non-malays to leave, and more Arabs, Indonesians, Pakistanis - in fact anyone Muslim to come in to replace them.
That way they would eventually have a Malay/Muslim country with Ketuanan Melayu being more meaningful, and not a Malaysian country with the playing field being level for all races which they would oppose at all costs!
A Ketuanan Melayu country with all its defects stemming from all kinds of brainless cods is more preferable to them than a progressive Malaysian country, with equal opportunities for all races being able to take its place among the best in the world!
Their warped logic as reflected by Mahathir is why should this country be progressive when the malays do not benefit. Better to have a regressive country with malays benefiting and always dominating the others.
But retribution will come eventually, although not in our lifetime. Maybe a hundred years from now, they will wake up and find that all that pampering, muddling and coddling of the malays would have the ironic effect of making them degenerate into spineless creatures, reflecting a chaotic mess which will hinder them from competing with the best brains in the sweeping era and tide of globalization which knows no borders.
The world is increasing becoming a global village. As the popular saying goes, the world would not care who we are (malays) or what we stand for (Ketuanan Melayu) - only what we can offer to compete with the best.
And going by the future is predictable. By the prophecy "melayu takkan hilang di dunia" will be fulfilled in reverse. An epitaph to Umno!
By
cool eye, at 10:42 PM
If all comments are senseless and worth nothing, how come he thinks that his comments are worth something!
Just highlighting problems can be done by any 7 years old.
To give constructive feedback includes highlighting problems and offering solutions, that is what differentiates you as the opposition compared to the nodding BN ministers donkeys.
It shows that you and the opposition care to seek improvement for the country, by offering solutions.
God bless our politicians!
Just forget it! With the bunch of ministers monkeys around, our problems won't vanish for generations to come.
Plan for an exit emigration plan is more meaningful, at least it gives us hope and motivation.
All Malaysians students should strive to become global citizens or Malaysia will not have a critical mass to compete in the global economy.
If the leaders wake up and give all their citizens the opportunity to help the nation progress, I am sure many will return to serve with distinction.
But there has to be a complete change of mindset. Meanwhile I shall be sending my youngest child to a foreign university just like his three siblings.
If they don't return to Malaysia, that will be Malaysia's loss.
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fargoman, at 10:45 PM
Malaysia has one of the lowest tax rates in the world. Our foreign investment has been dwindling since China and Vietnam opening its doors.
If one takes poison a little bit a day, he will feel sick and die young unless he stops taking it before it is too late.
NEP is a poison, and it is the source of all troubles facing the Bolehland before our eyes. Bolehland will get weaker as its natural resources get depleted.
Most of its citizens are only strong in consumption activities and pretty soon - Burma would be ahead of us economically. Burma will surely thank Umno for the easy contest.
It is a sorry state of affair. We have already lost so many talents to Singapore. The really capable people do not get any chance in this Bolehland.
The future is bleak, however good enough for mediocre - those who have no ambition, at least for the time being.
In reality, we want to ask: How long this thing will go on? Malaysia will eventually lose out to most other Asia members. It is just a matter of time.
I fail to understand when we are probably spending a few billion dollars to "cure" MAS, then there is Proton, Bank Negara screw ups and cannot forget Pewaja steel!
We can't ignore all the fail projects too……….a few millions here a few millions there will add up to a pretty penny.
Where does all this money comes from? Petronas? EPF? And how all this money flowing out still translates to a 5% growth in GDP?
In Bolehland, everything is ok. We accept everything graciously.
Corruption no problem. GLCs losses no problem. Police abuse no problem. Sex scandal no problem.
This MAS loss is not the first or the last, also no problem.
We also have accepted same present government ever since independence that created all these wonderful news without problem too.
This is Bolehland. Everything boleh. Keep it up Bolehland people.
Now, people like us have to bail them out……….No wonder, no wonder one says we have 1st class facility but 3rd class mentality. (I think we are worst than that……….)
What we are actually concerned is a system whereby bumis and non-bumis could find a reasonable living together, and equal opportunity for development in our own country.
The amount of money wasted, and siphoned out is so huge that perhaps if the fund is managed properly, today you and I need not to pay any income tax.
And if people demand changes, the politicians in power would use racial issue to manipulate and threaten to shut the people off.
As what one always says to me: "Freedom and fairness is not free, you have to fight for it!"
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