13 Oct '17, 7am

The Irwan Poverty Thesis challenged

The Irwan Poverty Thesis challenged

Irwan had cited the example of migrants who have made good as petty traders in Chow Kit to illustrate how the disadvantaged can, through their own effort, seize the opportunities thrown by the market system. If foreign workers with absolutely no endowments can secure reasonable income through sheer dint of hard work and entrepreneurship, why can’t Malaysians, was Irwan’s message, said Shankaran. After years of fiscal imprudence, wasteful public investments, and an educational system that has not put Malaysia on the technological forefront, “the future of government support lies in doubt”, he added. Shankaran said the flow of government revenues may not be what it was for some time to come, maybe for a long time to come. If the public debt cannot be contained or brought down, there will have to be a gradual tightening of government expenditure, he added. Culture of dependen...

Full article: https://dinmerican.wordpress.com/2017/10/13/the-irwan-pov...

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