Tuesday, May 29, 2007

Venture Capital drives Muslim ahead?

I truly love this article.

There are plenty of Muslim venture-capitalists. Most of them are in America. The Saudis family and the Emirs have park multi-billion investments in USA and Europe including in the horse-racing world. Most of the Middle-East rulers and billionaires are capitalists and they venture in America and Europe, and they help the American capitalist system to thrive and prosper, and of course, they prosper too. Would they be willing to park their billions to help the Third World Islamic nations and Muslims.

If they are willing, they would have done that hundreds of years ago.

For Malaysians, many needs politics and political positions. They don't need venture capitalists. They are more interested in selling projects for an upfront payment. What they want is quick money and quick to be spent. They can get in from political patronages; why bother to trouble the selves...UMNO had ensured that they will and can only be, what they are - get projects and sell!

We just have far too many examples to quote; look at Zakaria, Khairy, Kamaladdin, Mukhriz, and the many UMNO leaders; find out their competencies other than political alignments and patronages, and the use of tools of analysis such as using the law as a tool of domination, using political ideologies to segregate the masses, conjuring racial tensions and subdividing the social fabrics and clowning the legislatures such that the debates becomes sub-topical, dealing with leakages, dressings and polygamous discussions.

Speaking in thin-air is easy, but speaking about the truth hurts; that's what Gukita warned me. If the system administrators are altruistic, they should spent time to resolve the domestic issues such as defects and maintenance of public buildings, project management, building a strong accountable and transparent system within the executives and legislatures, and analyze why there are so much leakages and pilferages in the system. That should be the foremost agenda and goals.

2 comments:

Anonymous said...

ROFL. I just recall Brunei sultan brother that join in VC of US$ 30bils and end up become US$ 20bils. And their speculative instinct will make them broke in matter of time.

And the international casino market know that "such" rich people are the main contributors to their income.

Perhaps AAB should ask himself, why Tun Mahathir and him never think of cultural business? In a small Island of Taiwan, Asia biggest bookstore, Eslite, reside there.

Anonymous said...

Venture capital fund is a well-known problem associated with business mentality issue. Where can you find venture capitalist outside US to pump millions into startup like amazon, google, youtube for years without returns?

I don't know why it has to be made sounded as a muslim problem.