Factors behind Taiwan opposition’s sweeping local election wins

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Taiwan’s Nationalist party, the Kuomintang, which had been drawing closer to China in business and diplomacy, suffered a crushing defeat in local elections. The result has been variously attributed to the rising cost of living, protests over trade deals, and concerns over authoritarian China’s influence in Hong Kong and Taiwan.

The KMT lost nine of the 15 positions for city mayor and county chief.

Among the factors:

There are at least four lessons we can draw from this:

  • the people’s welfare – not the cronies and tycoons’ – should come first.
  • ordinary voters will be less inclined to vote for the ruling party if the cost of living (including soaring property prices) is burdening them.
  • leaders’ flip-flop decisions on key issues or policies could come back to haunt them. They do not enhance credibility, unless done for principled reasons.
  • key trade pacts should benefit the ordinary people (including workers), not just Big Business.
READ MORE:  New wave of Chinese nationals drawn to Malaysia
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16 Comments on "Factors behind Taiwan opposition’s sweeping local election wins"

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Melvin
Melvin

This morning BBC world service Business Report mentioned that Malaysians have difficulty saving up for retirement. Many used up ther EPF savings within 5 years. Young Malaysians have to pay one year worth of salary to buy a car, many take up the nine year car loan thus the household debt in Malaysia is the highest in Asia at 80% of GDP!

kesavan
kesavan

Malaysia’s central bank is concerned that people are not saving enough for retirement.
It says almost seven of out of ten Malaysians who pay into a mandatory national pension scheme have less than $15,000 (£9,600) in savings.That is only enough to last a few years of retirement.

http://www.bbc.com/news/business-30107006

The BBC’s Jennifer Pak speaks to one Malaysian family about why it is so hard to save:
https://ph.news.yahoo.com/video/malaysia-39-retirement-saving-crisis-005230127.html

Lingaa
Lingaa

Anil
My neighbour who watched Taiwan TV on Astro told me this morning that Taiwan Energy to cut electricity cost for the public as the result of people’s pressure and heavy push from independent TV stations there after the global oil price slide.
The rakyat of Malaysia may not have the TV media that can do likewise; and the rakyat that go to the street this New Year Eve to protest “Harga Barang Naik” can ultimately get Tenaga to cut electricity bill from oil price reduction savings ???

Lingaa
Lingaa

Malaysia IOI buying a larger portion of stocks belonging to Taipei iconic 101 building.

Likewise, Mahathir may one day witness China businessmen buying up Petronas Twin Towers ?

gk ong
gk ong

Anything is possible when Ringgit becomes dirt cheap as it continues to depreciate.

Bhaskal
Bhaskal

Soon the 1MDB scandal could bring new low to the Ringgit when BN has to bail it out of debt because of the Surat Sokong as confirmed by Ahmad Maslan?

gk ong
gk ong

Unlike here, the governments of Taiwan and Hong Kong are more tolerant towards student movement whose aspirations are not aligned with that of the government.

There is no ‘cyber cops’ in Taiwan and Hong Kong to nab differing views on the net.

Rasputin
Rasputin

No wonder Fed. Govt. tru EC not keen to endorse Penang state govt’s.
call for Local Govt. election. Their fear of 99.9% crushing and embarrassing
defeat.

jen nam
jen nam

Corrected version:

Taiwanese fresh graduates are known as ’22K generation’, meaning earning no more than 22K Taiwanese Dollar (about RM2.2K per month). The salary has been stagnant many choose not to work but to speculate in property, just like Malaysians.

Kuomintang is supported by businessmen who need the China market, thus favoring trade ties with mainland China especially after South Korea signed FTA with China as Taiwan has 77% of exports that are similar to South Korea.

The conservative Taiwanese including the young people (Sunflower movement) do not want more business ties via FTA with China to protect the home turf.

Pak Tim
Pak Tim

Don’t trade with China, trade with who?

Danny
Danny

Looks like Malaysia can learn from Taiwan to turnaround; as YB Rafizi has said recently :

boosoonyew
boosoonyew

mobile.nytimes.com/blogs/sinosphere/2014/10/30/taiwanese-tycoon-faces-charges-in-cooking-oil-scandal/

boosoonyew
boosoonyew

This may be a factor in the KMT loss.. the Taiwan Cooking Oil Scandal involving a super rich tycoon with strong mainland China ties..

jen nam
jen nam

Taiwanese mostly use lard cooking oil, not vegetable oil for home cooking. The company implicated in the latest lard cooking oil scandal is Ting Hsin. Ting Hsin is accused of selling cooking oils (Wei-Chuan brand) tainted with substandard materials, including products meant for animal feed it imported from Hong Kong and Vietnam.

http://sinosphere.blogs.nytimes.com/2014/10/30/taiwanese-tycoon-faces-charges-in-cooking-oil-scandal/

Pak Tim
Pak Tim

Actually, not many realize this but byproducts destined for animal feed is actually more nutritious than the main products that humans consume.

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