It is so oft-repeated that it now becomes a norm of national economic governance. Worrisome, so worrisome!
My lamentation here stems from the recent first reading of the Price Control and Anti Profiteering Bill 2010. What? Another impending bureaucratic obstacle to be surmounted by our harried businessmen - if and when the said Bill is finally gazetted ?!
Our government's broad policy orientations in the recent past have never failed to amaze me. A while ago, there arose a bloated PM's Department in the face of ballooning budget deficits. Among others, we now will soon have another obvious cost-centre that, when eventually established, will be (you bet) another black hole for dubious dealings (read potential corrupt practices).
Damn if I am wrong. Our government's practices over the past three decades have cumulatively and, aiyoo... inadvertently created building blocks for what would have been and will continue to be essentially parts and parcels of an ultimate but unintended centrally-planned economy!
How come?
Well, they have continuously been undermining the equilibrium seeking mechanism of a free-market economy lah...
Pushed to one's logical conclusion, all talks of enhancing national competitiveness, increasing productivity, becoming a high-income nation, etc. etc. are but 'bovine waste'.
Yet again for me, sad leh!
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