Only political change can bring economic reforms, says Ku Li
By Debra Chong, The Malaysian Insider
Saying that only political change can bring economic reforms to Malaysia, Tengku Razaleigh Hamza last night blamed the Najib Administration for crippling the national economy by putting politics ahead of policy reforms.
In his sharpest barb yet directed at Datuk Seri Najib Razak, the Umno veteran urged the prime minister to end race-based affirmative programmes in the New Economic Policy (NEP) drawn up 40 years ago which he said was a cover for “corruption, crony capitalism and money politics”.
“To make that leap we need a government capable of promoting radical reform. That is not going to happen without political change,” the Kelantan prince and former finance minister said when launching the second edition of “No Cowardly Past” by lawyer James Puthucheary here last night. Puthucheary, who was once a politician and economist, died 10 years ago.
The Gua Musang MP mocked Najib for delaying announcing his proposed New Economic Model (NEM) and suggested that the new policy may only be a rehash of the “old” NEP, drawing chuckles from the audience.
The chuckles stopped when the 73-year-old reminded his audience how deeply race-based policies had scored themselves in the minds of the powerful few, noting that the NEP was dragged back to life by Umno Youth six years ago because “it was and remains the most low-cost way to portray oneself as a Malay champion.”
“The NEP is over. I ask the government to have the courage to face up to this,” he added.
He called on the Najib administration to restore independence in public institutions and to overhaul the education system and repeal “repressive laws” such as the Printing Presses Act, the Universities and Colleges Act, the Internal Security Act and the Official Secrets Act.
