NEP’s Great March Backward

July 16, 2007 in Economy, NEP

From Malaysiakini
By Dzulkifli Ahmad
It doesn’t need a political pundit to tell the nation that the New Economic Policy (NEP) is the legitimating ideology for Umno’s hegemony and legitimacy – and that the party now has trouble weaning beneficiaries off it.
Paramount to Umno’s consideration is the issue of 30 percent ownership of the corporate equity, as [...]