Malaysia as Practitioner Neoliberals Keynesian

9 June 2014



               Nowadays, in Malaysia, people ask for government intervention to the poor and poverty and fight for the affirmative action for certain races and the son of the soils especially through UMNO to maintain the right of the Bumiputeras. Without the intervention of the government in affirmative action to help the low income Malay, the society will not achieve what liberal interprets as economic equilibriums and social justice. The States justify the intervention of government in economic through this reason. In example, in order to ask the government to reduce the crime rate or the abuse of drugs, the people cannot just tell them not to take drugs or just gave advised to those wrongdoers. People in the states need the government to become “responsible” and the demand for the roles of government. 

We can see that the Neoliberalism nowadays are turning to become a norm and not a threat to the people. The latest action was the stimulus package that provided by the government to boost up the economy.According to a Bernama report mention that the government has introduced two stimulus packages totaling RM67 Billion to help economies in facing the economic crisis. However the Prime Minister, Dato Seri Mohd Najib Tun Abdul Razak mention that strengthening the economy is much better that given the stimulus. (Bernama,20 August 2010). 

Malaysia had been educated to hope for the government intervention in their own life. States are willing to increase the help from the people in order to ensure politic and social stability. Sometimes the Non Government Sectors demand for the government helps and speed up the process. Like the request from  Master Builders Association of Malaysia (MBAM) request for the quick introduction of stimulus that had been announced in the 10th Malaysia budget. (Bernama, 19 August,2010). When the incentive from the government become routine, we can expect that people will demand more and more helps from the states. When capitalist are state dependent, it will affect the market competitiveness and also the market equilibrium itself. 

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