The main hindrance to competitiveness in the Malaysian business sphere is the government’s own insistence that there should be no competition when it comes to any or all their ventures. We have in place huge monopolies in oil, electricity generation and even television; in which the government holds strategic stakes that basically curtails and dampens any form of competitiveness.

Dismantling these systems is something the BN is not prepared to do. Its own component parties, Umno in particular, hold large stakes in these monopolies.
Prime Minister Najib Razak’s recent call for meritocracy amongst the bumiputera community means allowing the best Malays in the country to emerge through competition amongst themselvesbut not through competition with other races whether in the country or from overseas.
It has nothing to do with abolishing policies that favour the Bumiputera. This itself makes a mockery of his other statement that the economy will continue to be liberalized. It takes two hands to clap and liberalization cannot take place with competition and meritocracy. So as usual, clueless Najib was speaking in a fog of his own making.