Petrol price increase by 41% effective from 5th June 2008 in Malaysia. Well i believe the first reaction that most of the citizens had are anger and worry. We are angry because we have to pay more for our expenses and we are worry of not able to cope with it. It is only natural that we start putting the blame on the current government.
However if you ask any economists in the world, they will tell you that taking away the subsidies is the RIGHT thing to do. Abdullah had said the petrol price increase reflect the dilemma of Malaysian economy. Dr. Mahathir talked about our past purchasing power. The reality is we have been living in a somehow protected and virtual world by ourselves. Once the protected umbrella is taken away especially at this critical time, we felt helpless and don't know to response. I still remember during 1997, an Indian engineer came here and work told me. In India, there are a lot of people who doesn't not have skill will not get to work but in Malaysia, you can easily get a work. This more or less reflect our protected economy and it actually while retaining our purchasing power in the past but have actually without knowing making the GDP gap between our country and other opened economy wider.
Now, is the time we must face the reality. We have to think again, are we having a too happy go lucky lives ? Are we ready to face the competitive world outside? What is our value? Oil price increase may not be a bad thing after all. It could be a real wake up call for all of us in Malaysia. Think about it...
Thinking about it, i am not so mad at En. Sharil anymore.
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