The Malaysian Prime Minister Najib has signaled his intention to extend Malay-oriented affirmative action policies. The purported goal of these policies is to encourage Malay economic participation. While it is true that the Malays have been a relative economic laggard, the extension of these policies may not bring about their intended ends.
Malaysians must understand the effects of the seen and the unseen.
Frederic Bastiat, a witty 19th century political economist, writes that policies have two kinds of effects, one that is seen and one that is unseen. The seen effects may be good on the surface, but the unseen consequences may be ultimately bad. Understanding this fundamental difference is crucial, as Bastiat notes:
The Malaysian Prime Minister Najib has signaled his intention to extend Malay-oriented affirmative action policies. The purported goal of these policies is to encourage Malay economic participation. While it is true that the Malays have been a relative economic laggard, the extension of these policies may not bring about their intended ends.
Malaysians must understand the effects of the seen and the unseen.
Frederic Bastiat, a witty 19th century political economist, writes that policies have two kinds of effects, one that is seen and one that is unseen. The seen effects may be good on the surface, but the unseen consequences may be ultimately bad. Understanding this fundamental difference is crucial, as Bastiat notes:
การแปล กรุณารอสักครู่..
