While Malaysia fiddles, its opportunities are running dry
Posted by anakkawi on December 25, 2007
November 15, 2006
This all happens in the context of Malaysia’s grossly inflated sense of its place in the world.
Most Malaysians are convinced that the eyes of the world are on their country and that their leaders are world figures. This is thanks to Malaysia’s tame media and the bravado of former prime minister Mahathir Mohamad. The truth is, few people on the streets of London or New York could point to Malaysia on a map much less name its prime minister or capital city.
As if to make this point, a recent episode of The Simpsons features a newsreader trying to announce that a tidal wave had hit some place called Kuala Lumpur. He couldn’t pronounce the city’s name and so made up one, as if no-one cared anyway. But the joke was on the script writers — Kuala Lumpur is inland.
Petronas, the national oil company is well run, particularly when compared to the disaster that passes for a national oil company in neighbouring Indonesia. But in some respects, this is Malaysia’s problem. The very success of Petronas means that it is used to underwrite all manner of excess.
Next year, a Malaysian astronaut will go into space aboard a Russian rocket — the first Malay in space. And the cost? $RM95 million ($A34.3 million), to be footed by Malaysian taxpayers. The Science and Technology Minister has said that a moon landing in 2020 is the next target, aboard a US flight. There’s no indication of what the Americans will charge for this, assuming there’s even a chance that they will consider it. But what is Malaysia getting by using the space programs of others as a taxi service? There are no obvious technical benefits, but no doubt Malaysians will be told once again, that they are “boleh”. The trouble is, they’re not. It’s not their space program.
Back in July, the Government announced that it would spend $RM490 million on a sports complex near the London Olympics site so that Malaysian athletes can train there and “get used to cold weather”.
But the summer Olympics are held in the summer.
So what is the complex’s real purpose? The dozens of goodwill missions by ministers and bureaucrats to London to check on the centre’s construction and then on the athletes while they train might provide a clue.
Bank bale outs, a formula one racing track, an entire new capital city — Petronas has paid for them all. It’s been an orgy of nonsense that Malaysia can ill afford.
Why? Because Malaysia’s oil will run out in about 19 years. As it is, Malaysia will become a net oil importer in 2011 — that’s just five years
So it’s in this context that the latest debate about race and wealth is so sad.
It is time to move on, time to prepare the economy for life after oil. But, like Nero fiddling while Rome burned, the Malaysian Government is more interested in stunts like sending a Malaysian into space when Malaysia’s inadequate schools could have done with the cash, and arguing about wealth distribution using transparently ridiculous statistics.
That’s not Malaysia “boleh”, that’s Malaysia “bodoh” (stupid).