1. Multiplier effect is when the value of money is multiplied in terms of usage. A single RM1 note can be valued at RM10 when 10 different transaction is made. Under this circumstance, the multiplier effect is at 10.
2. Government spending means more liquidity in the Malaysian economy. The current case would be that of the 100 storey tower. More liquidity means more money in one's pocket and hence, more spending. More spending means higher multiplier effect because more transaction is being made. The economy will grow with this mega project.
3. However, the magic in this mega project can only be utilized if and only if corruption within those involved in the project is curbed. If the money channeled to the project is then channeled back to individual pockets, chances are that these money will not be invested locally but will be sent to foreign countries as investment or safe keeping. If this happen, Malaysia will be low in liquidity and the central bank will have no choice but to print more Ringgit to meet LOCAL demand. Printing more Ringgit means higher Ringgit supply internationally and locally which ultimately leads to a deflation in the currency (think of the simple supply demand model to understand this).
4. We also know that Najib is a stubborn person who will act according to what he feel (or for those Najib supporters, think) is right. Being the most powerful person in the country, there is no stopping on his decision regardless on how ridiculous or fantastic it may be until the next general election when he is finally brought down to his knees. The government is there to fulfil the needs of the people and not the need of one individual. If he cannot fulfil the needs of the people (which is a no to the 100 storey tower), then what is the use of having a government?
5. Until the next general election when we Malaysians unite to bring down the rule of UMNO and BN, I suggest for now that we not demand the rejection of the project for it will ultimately be a waste of time and effort, but we demand that the budget be transparent and that corruption is taken care of. We should just make the best out of the worse possible situation and hopefully the future Malaysians will not find it too hard to undo the mistake of UMNO.
Thursday, October 28, 2010
Wednesday, October 27, 2010
Kudos to Penang for curbing corruption
As a Malaysian Chinese, I feel really proud for all Penangnites, especially LGE to have finally combat corruption in 18 months whereas UMNO has been doing so for decades (click here for info). However, I would like to highlight a few major points that we should think about and NEVER forget or as one would say, "history will repeat itself".
1. We as Chinese should NEVER CRITICIZE others for being unable to perform. May 13 happened after the Chinese won the election and started yelling at the Malays to "balik kampung". Us criticizing them now for successfully implementing a corruption free system while simultaneously laughing behind the Malay's back is of no different from the incident prior to May 13.
2. The Chinese has a history of more than 10,000 years old. Through time and time again, our culture was formed to withstand the thick and thin that can happen to us any time. So obviously we Chinese can always have the upper hand compare to other race. This does not however mean that we are a superior race. We are only of a senior race, never superior. Instead of shouting and demand others to follow our ideology, why not make the first move in understanding their spirit of muhibah and togetherness? Nobody (especially the Malays) will bother what we have to say, if we ourselves do not make the first move in understanding them.
3. I will not admit that I have never harvest thoughts of racism and the downfall of the Malay race and point at them while saying "HA! told you so". But I will also not admit that the Malaysian Chinese alone can survive IF MALAYSIANS ARE NEVER UNITED. Yes we can flee from the country. The grass is (indeed) greener on the other side. But how many people have this wonderful opportunity to get to this "other side"? Our friends and families (and their friends and families etc) that are not privileged enough will forever bear the struggle between the 2 races.
4. As a Malaysian Chinese, I will admit again, that I am racist to a certain extent. But I am willing to go to the extent of silencing my racist thoughts if my family and friends can enjoy a better future not as a Chinese, but as a united Malaysian. So please, if you ever read this, think about it, not for yourself, but for the future generations. I would like to borrow a quote from some indigenous tribe and comment, as a Malaysian, that "we do not inherit Malaysia from our forefathers, but we owe it to our children". Make the first step in understanding them (Malays) and eventually, even if it is just one in 10, 20, or even 50 years, but in the distant future, the numbers will grow and peace will eventually be achieved.
1. We as Chinese should NEVER CRITICIZE others for being unable to perform. May 13 happened after the Chinese won the election and started yelling at the Malays to "balik kampung". Us criticizing them now for successfully implementing a corruption free system while simultaneously laughing behind the Malay's back is of no different from the incident prior to May 13.
2. The Chinese has a history of more than 10,000 years old. Through time and time again, our culture was formed to withstand the thick and thin that can happen to us any time. So obviously we Chinese can always have the upper hand compare to other race. This does not however mean that we are a superior race. We are only of a senior race, never superior. Instead of shouting and demand others to follow our ideology, why not make the first move in understanding their spirit of muhibah and togetherness? Nobody (especially the Malays) will bother what we have to say, if we ourselves do not make the first move in understanding them.
3. I will not admit that I have never harvest thoughts of racism and the downfall of the Malay race and point at them while saying "HA! told you so". But I will also not admit that the Malaysian Chinese alone can survive IF MALAYSIANS ARE NEVER UNITED. Yes we can flee from the country. The grass is (indeed) greener on the other side. But how many people have this wonderful opportunity to get to this "other side"? Our friends and families (and their friends and families etc) that are not privileged enough will forever bear the struggle between the 2 races.
4. As a Malaysian Chinese, I will admit again, that I am racist to a certain extent. But I am willing to go to the extent of silencing my racist thoughts if my family and friends can enjoy a better future not as a Chinese, but as a united Malaysian. So please, if you ever read this, think about it, not for yourself, but for the future generations. I would like to borrow a quote from some indigenous tribe and comment, as a Malaysian, that "we do not inherit Malaysia from our forefathers, but we owe it to our children". Make the first step in understanding them (Malays) and eventually, even if it is just one in 10, 20, or even 50 years, but in the distant future, the numbers will grow and peace will eventually be achieved.
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