Article: Investment should be
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Targetted maximisation of jobs, increased wages and salaries for the people
Many Malaysian tourists would often passed by bus Battersea Park with its iconic old power generation Cone tower not yet demolished, in their vacationing in London, before this current Israel madness. Even with a tinge of some misplaced pride perhaps at a Malaysian development in London.
We would agree with the Writer wholeheartedly and more. But most of all the lesson is not about a Malaysian CEO turned hostile but about the need to rewrite Economics. Decisions on where State related companies and institutions should invest should be where it creates employment and economic output for the nation. Not where it creates employment and economic output for other nations!
EPF priorities must be to create jobs and economic activity for Malaysia and stay away from high faluting glamourous foreign project which does nothing to the local economy. Sure it can make lots of money for EPF to declare dividends but EPF economics cannot see that EPF dividends benefits mainly EPF high networth contributors.
Could we not change Economics main objectives from blind profit maximisation to targetted maximisation of jobs, and increased wages and salaries for the people? Aah we can't change because that comes from a western subject that must be respected and adhered to at all costs. An all too familiar and sad theme that still fogs the present day Muslim minds.
Source: https://x.com/GerakanMonetari/status/1827281604462735651?t=GZAJQDGdawK4wtgzv3Qarg&s=08
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Dikemaskini [Updated]: Sam Ahmad 20240824