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Sunday, January 8, 2017

Mahathir is stuck in the past


Salleh Said Keruak

Tun Dr Mahathir Mohamad's remarks show that he is still thinking 'old school' and does not realise that the world has changed since the time he was Malaysia's Prime Minister 14 years ago.

Since the 1990's China, which was a sleeping giant for hundreds of years, suddenly woke up and once awake there was nothing that could stop them.

It is futile trying to resist China's great march forward just like it was futile to resist Western colonisation 500 years ago. China is on the move and no one can stop them .

All over the world China is investing, going into partnership, and is buying up assets like never before in history. This is a phenomena countries like Malaysia need to accept or else get left behind and perish.

We have been warned that while globalisation does have its good side it also means the creation of a bordeless world and the end of protectionism. You cannot expect FDI or money to flow into your country and yet not be prepared to relinquish control of certain assets.

This is the reality of the 'new world' and Mahathir needs to wake up to this. The other alternative is to adopt a closed-door policy and move backwards and remain poor.

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