The revolt in the Arab world is not just about getting rid of authoritarian leaders and dictators. It is also about ending economic injustice and exploitation.

The media would have us believe that the popular discontent is solely due to the dictatorships and repression in the Arab world. But there is more to it than that. A lot of the disenchantment is also the result of people’s hopes being crushed by an exploitative economic system that undermines essential public services, reduces nations to little more than sweat-shops, and concentrates wealth in the hands of a wealthy elite and their well-connected or crony corporations. Continue reading »

 

Pardon me for ignoring the Cabinet reshuffle. It’s just a few new ambitious faces replacing a few tired personalities. Some minor hoo-ha over Mukhriz edging past Khairy into the Cabinet. There’s even a Green Technology Minister – and perhaps with this ‘green’ theme in mind a discarded state chief minister has been recycled into a cabinet minister.

But in the larger scheme of things, the basic economic orientation of the country remains the same.

Over the last few years, we have seen a drastic rise in social ills – crime, drug addiction, depression…you name it.

What is behind all this? One possible reason is the alienation of the human being/workers as a result of the industrialisation process. Another possibility is the disillusionment and discontentment fuelled by relative poverty and marginalisation under the “trickle-down” economic approach.

Then comes a newbook, The Spirit Level, revealing that countries with greater income inequalities experience a lot more social sicknesses. This doesn’t only affect the poor in these unequal countries but also the more affluent, who suffer from stress and a fear of the poor. (Think of how more and more of the rich and wealthy are retreating behind gated communities or guarded condominium complexes or installing burglar alarms).  The poor on the other hand suffer from uncertainty over how to make ends meet and a sense of anxiety over their low social status.

Download an audio lecture by the authors here (mp3 format).

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Finally, they seem to be taking the economic crisis a bit more seriously. Or maybe they just didn’t want to make us panic and to undermine business confidence any further by telling us that dark clouds lay ahead. But the cat is out of the bag now.

Here’s an analysis I did for Asia Times:

Malaysia wakes up to crisis
By Anil Netto

PENANG – A big new economic stimulus package unveiled by Malaysia’s Finance Minister and Deputy Prime Minister Najib Razak is being viewed as belated official recognition that the country is being hard hit by the global economic and financial turbulence, with worse to come.

The Malaysian economy grew by just 0.5% last quarter and many economic analysts have predicted a technical or real recession later this year. The government has revised its own forecast for 2009 down to between negative 1% and positive 1% growth in gross domestic product (GDP).

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