GDP per capita (in real terms, after adjustment for inflation) now is apparently six to seven times more than it was in 1970, but do you feel much better off?
Category: Neo-liberal economics
Was the 1992 blackout across wide swathes of the nation avoidable? Was it to pave the wave for the privatisation of TNB?
Selangor Kini, bearing the copyright of the Selangor state government, has published a report about former TNB CEO Ani Arope’s memoirs in which he claims the 1992 blackout need not have occurred as TNB had already made plans to expand capacity to meet future demand. (more…)
There is increasing speculation that President Barack Obama who is visiting Malaysia this weekend is on a charm offensive (or will there be some arm-twisting?) to seal the Trans-Pacific Partnership Agreement. If he succeeds, the TPPA will open the floodgates to domination of the region’s economies by large multinational corporations at the expense of national sovereignty via an investor-state dispute settlement mechanism. (more…)