As we travel our lifetime in this universe, we pass through gorges while at the same time enjoy the breeze. I will live this life to the fullest while sharing my thoughts in this cyber world.
Docendo disco, scribendo cogito (I learn by teaching, think by writing)
Friday, January 26, 2007
Hardev Kaur Spins
In her article today, Hardev Kaur spins: The Land of the Free has no time for Free trade.
Malaysia's New Economic Policy was closely scrutinised and severely criticised when it was first launched and continues to remain under the microscope of foreign investors and indeed foreign governments, including the United States. But the policy of foreign shareholdings and ownership is even more stringent in the US than its under the NEP in Malaysia.
I am not sure if you are plucking a case of Virgin Atlantic to represent the totality of investment policies in US and I don't have any datas to prove you right or wrong. But one thing I like to tell you, the NEP is about a policy that empirically divide Malaysians of various races into two classes of citizen, Bumis and Non-Bumis, whereas you are trying to equate the NEP with the US foreign investment policies on airline ownership, and not every category of investment. Would you try to compare the NEP and any US business policies on ownership that states that the white must have at least 30% ownership in business owned by Blacks or people of other colors who are US citizens? That way, you can draw an analogy that equates to NEP.
Would you call Malaysia the land of free trade, or in your own words: the land of free ride?