The 2014 Budget does not provide any new strategy to resolve the socioeconomic problems of young Malaysians especially in the areas of jobs and debt, says Steven Sim.
In this current time of financial duress, we should reprioritise our spending habits, and most of all rethink the entrenched “spend-to-impress” culture, writes Nicholas Chan.
Martin Jalleh looks at how the BN government has plunged Malaysia deeper into debt due to irresponsible fiscal spending and rampant corruption.
Do you get that sinking feeling? If you do, it is not surprising. Martin Jalleh surveys the country’s worrying debt situation.
Martin Jalleh highlights concerns about Malaysia’s rising debt level in this graphic.
With household debt and federal government debt indicators rising and natural resources being depleted, it cannot be business as usual for the Malaysian economy. Anil Netto says it is time for a radical re-think of the economy.
Tengku Razaleigh Hamzah looks back on the evolution of the Malaysian economy. Malaysians, he says, need to examine our political economy to find out if there has been a fusion of money politics and neo-liberal policies – the worst of both worlds.
Subramaniam Pillay looks at the worrying rising trend of federal government debt and wonders if Malaysia will go bankrupt. At our current rate of borrowing, it won’t take long before we become another Greece.
The government’s current concern over the allocation of PTPTN loans is just a piecemeal critique of a very wrong policy, that of privatised tertiary education, says Rani Rasiah.
The key to understanding the long-term structural causes of the present crisis lies in the nexus between economic inequality, debt and financial explosion, writes Michael Lim Mah Hui.