What we should focus on is not policy that is interventionist or otherwise, for the sake of it, but rather policy that engineers fair, competitive arenas for firms to succeed or fail.
All in Capitalism
What we should focus on is not policy that is interventionist or otherwise, for the sake of it, but rather policy that engineers fair, competitive arenas for firms to succeed or fail.
It is difficult to imagine a more natural target for the state subordination of private power than American Big Tech, particularly with populist politics dominating the day.
Naturally, it is not easy to translate notions of “transcendence” to the political economy, but these are examples, I think, that I would like to see that demonstrate a growing maturity in our political economy. That, in and of itself, is pretty “expensive”.
Fiction writing is difficult. Figuring out dialogue, making characters seem relatively believable, doing more “showing” instead of “telling”, trying to be more descriptive of scenes; I have all the respect in the world for writers of fiction.
This is Part 3, the final part in a series of fictional articles that I started two months ago (September 2025) in The Edge
This is Part 2 in a series of fictional articles that I started in September 2025 in The Edge
We need to reckon with power dynamics and decades of cultural evolution which led us to the “equilibrium” in which we find ourselves today. But there is hope, of course, by being adaptive and open in our paradigms of the world
But the point of the devolution of power is to ultimately build a more extremophile political economy that can then serve to ensure a more resilient Malaysia amid greater volatility globally
Tthe countries that can address the political economy of business in Southeast Asia — historically a family affair — will be best placed to capitalise on the investment story of Southeast Asia
We must understand that trying new things means that some will fail, and that what is important is that we must fail in a way that allows us to move forward.
Therefore, it’s never “only the private sector should be in business” or “the government should always intervene in business”. Reality is far more complex and there are certainly pockets of market failures where the government does have a more direct role in economic activities.
THE TWO MAIN PROBLEMS WITH “STAKEHOLDER CAPITALISM” IS ITS PLACEMENT OF THE COMPANY AS “TRUSTEES OF SOCIETY” AND “THE BEST RESPONSE” TO TODAY’S MULTI-FACETED CHALLENGES. GENEROSITY IS NOT JUSTICE.