THE MALAYSIAN DILEMMA -

THE DISEASE AND THE CURE

by D.P. Pangai
 

The current dilemma in the form of the economic crisis that Malaysia faces raises more questions perhaps
than answers, questions which largely it would appear the Malaysian government does not want to ask or be
asked and answers which it cannot or will not provide nor will listen to.

Who is to blame for the crisis, is it the dastardly currency speculators (as the Malaysian government - or
rather, Mahathir - claims) or the inherent self-induced structural weaknesses of an over-heated and silently
ravaged economic system? Was it just a bubble which burst like all the other bubbles in Asia?

Is it the undeserved result of a Zionist plot (part of a wider scheme to undermine the whole ASEAN/Asian
region and to further a nefarious globalist agenda) or the deserved ultimate and inevitable outcome of years
of systematic economic buccaneering, plundering and looting by the locals themselves?

How was this up and coming economic tiger of the East brought to its knees? Can it avoid being floored?
Why have all efforts by the Malaysian government not succeeded in restoring investors’ confidence? Are
these efforts enough or can more be done? Can Malaysia avoid going begging to the IMF? What does all of
this say of the Malaysian economic regulatory system as well as its political system? Will what happened to
Suharto befall Mahathir (who is of course dead determined to buck the trend)? Is there any real difference
between Mahathir and Anwar? These and a host of other questions need answers if Malaysia wishes to get
out of its dilemma.

The answers will determine whether ordinary Malaysians can overcome their political apathy and inertia to
either change their government or force it towards greater accountability. It has become as clear as the light
of day that the Malaysian government has to take a larger portion of the blame even if foreigners can also be
blamed.
 
 
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