Najib Razak shows once again that his actions are often driven by his own paramount desire to stay in power. He’s about to be challenged for the position of Umno party president soon or returned unopposed, a situation that will also determine whether he retains the position of prime minister. Most likely, from the look of things, he won’t be challenged, but he still needs to consolidate the reason he should stay on as president. So last Saturday, he abandoned his 1Malaysia slogan to announce a Bumiputera economic empowerment plan that is obviously designed to win him support from the ethnic community that patronises his party. He exposed his own contradiction and reaffirmed what we have come to see as his real belief – that he doesn’t care what means he uses as long as he achieves his end.
By his action, Najib also shows yet again that he is a flip-flopper. He has apparently forsaken his New Economic Model, which was introduced in 2010 to phase out the outdated New Economic Policy (NEP) in favour of affirmative action based on needs rather than race, and make Malaysia more competitive and investor-friendly. But now with the new Bumiputera economic empowerment plan – to which he is dedicating a whopping RM31 billion, to be dished out in the form of loans, contracts and programmes – it looks like he is reinforcing rent-seeking, which will retard sustainable growth.
By his action, Najib has set us back 40 years – to 1971, when the NEP was introduced. He has fortified the idea that there are two classes of citizens in Malaysia – Bumiputeras and non-Bumiputeras – thereby totally subverting his 1Malaysia stance. But whereas one of the stated objectives of the NEP was to eradicate poverty, Najib’s Bumiputera economic empowerment plan is not aimed at helping the needy. It seems to be providing crutches even for those who don’t need them.
Malay Economic Agenda Council CEO Nizam Mahshar is right in pointing out that the plan provides no courses of action or strategies, and no targeted outcomes. Is this perhaps deliberate? Is the money being pumped into the programmes meant to be loosely administered so that it can easily go to Umno cronies? And is the lack of targeted outcomes aimed at avoiding accountability?
Unashamedly, Najib declared that the new plan was a reward for the Malay community for supporting Umno and Barisan Nasional (BN) during the last general election (GE13). Is it really a reward for the entire community or a reward for Umno cronies?
When he increased the price of RON95 petrol in early September, he said it was a necessary part of “the process of reducing the public’s reliance on subsidies”. Ironically, his Bumiputera economic empowerment plan is perpetuating this very reliance on subsidies, but on the part of Bumiputeras.
Of course, this suits Umno fine, because as long as the party drums it into the Malays that they cannot compete without assistance, they will have to depend on Umno’s largesse. And, consequently, they will continue to vote it into power. But, at this rate, how will the Malays – who, incidentally, form the majority of the population – be able to progress on their own? And how will this affect the country’s productivity and goal of becoming a developed nation by 2020? With this kind of plan and this kind of subsidy mentality in place, do you think we can still make it?
I much doubt it. Najib’s action has effectively stopped Malaysia from moving out of its malaise. We will continue to lag behind because we can’t seem to shake off ethnocentric policies that blunt our economic competitiveness, enfeeble our human resources, and curtail our efficiency. If he still wants us to believe that we can become a developed or high-income nation by 2020, he is fooling us.
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