With Great Respect to Mr Jomo as Malaysian that wish to come back and serve our Country. With the Great Interview hopefully more and more Great Malaysians with follow your footsteps to serve our Wonderful Loving Mother Land. 🙏🏻🙏🙏🏼🙏🏾🙏🏿🌈
When a local wants to sustain a profitable business, the unseen forces want a share in it. So the option is to take the business to a favourable country.
Been following Jomo's newsletter. Definitely a brilliant man, and can sense Frankie having a hard time following Jomo's contrarian views. Dont worry, happens to the best of us and its a great interview nonetheless!
100% absolute understand and agree with Prof Jomo. Welfare of the people cannot be marketed. Government leadership is paramount in national health and wealth.
It's a great pity & loss that such a professional expertise and a good person was not give a good chance to contribute to Malaysia!!! What a huge shame.
The collapse of the USSR prompted privatisation of former state enterprises by a select few who became the oligarchs. It was piracy. I absolutely favor a free market economy which fosters entrepreneurs, but simply transferring a state enterprise and its assets to private hands encourages cronyism.
Salam to my dear friend Mr jadi the master in economics in kazanah his speech is fantastic from uncle azlan Shah parit buntar Keiran Perak Taman semarak
Malaysian should vote for him to be the P.M . You have a gem within your country. Don't always look for those who have an agenda for themself..❤ Singapore
I love Dr. Jomo insights, i do hope he can co tonue to have more diacussion and influence on government decision on policies to do ghe right move for our economic
Healthcare is very important. Eg those milk, any kind of food must have less sugar, sodium salt added to it for a healthier Malaysian .. as I notice those ingredients especially sugar contents are very high and it’s very bad for our ppl.. He is amazing should be our country advisor in the govt department..
When he spoke on privatization, it brought me the question of how successful is our private education system. Do they actually deliver what they promise ? Some have majestic buildings for sure but when it comes to the substance of actual education, many are mediocre at best. Would be interesting if there was a no holds-barred discussion on this.
Prof shd have touched on higher education as how he found his undergraduate student in UM and what lacks among them to correct the weaknesses in the education system...
Yes indeed as the wise saying goes, corruption will destroy any country and makes its citizens suffers. Comprehensive action must be implemented to study on human greed and control as a compulsory subject in schools and gov't administration and make transparent throughout the country
You must have longer time, more scope of conversations. It will be better if you asking about the progress of cooperative movement in our country, and the possibility of having that kind of economic machinery able to be manipulated well in order to elevate our PEOPLE ECONOMY and to eradicate poverty.
Its a good move,its surprising as malaysian politicians wont like to see an individuals give a negative speech about wrong administration of the government,syabas to u Sir,
There have been hanky panky then, now and , believe you me,in future where the countrys revenue is being misused by dishonest administrators. It has become a culture cast in rock.
Yes. S Korea started their growth by supporting their companies with protective policies. We can start by nurturing and supporting current Malaysian companies, although not entirely via having a closed economy.
Jomo talked for Malaysia and Malaysian whereas the interviewer is clearly talking about and for the Klang Valley. Sadly successive governments starting from Mahatir including Anwar only rule for the Klang Valley. Until the government and opinion makers realise there is more to Malaysia than the Klang Valley and tap the potential, Malaysia will never achieve first world status. Successful nations like Japan, Taiwan, China have multiple centres of economic activities, vis a vis, Tokyo, Osaka and Taipei, Kaoshiung, etc. Any talk about Malaysia, economy, tourism, public transport, infrastructure development has only been about the Klang Valley. Until Malaysian and government of the Klang Valley realise that there is more to Malaysia than the Klang Valley, Malaysia will never achieve her potential.
His insight is par with the lste Lee Kuan Yew or the current Lee Hsien Loong.... had he made a PM of Malaysia ... today our country raking is among the top in the world ... i am not joking.
The problem sounds like cronyism and government intervention of bailouts. not privatization. Privatization can only be efficient under free market conditions where there is real free and fair competition. Every critic of privatization here to me is more of a critic of state cronyism and intervention (bailouts). The answer isnt more state control which will require a philosopher king like the late Lee Kuan Yew but smaller government, lower taxes and ACTUAL free markets. IMHO.
@Kitsune101, I am aligned with your thoughts. However, that's quite a tall order to implement based on a fluid democratic system without a long mandate. Case in point, China allowed free market economics to run in special economic zones before rolling it out country-wide after the system proved successful. But, they had centralized and absolute political control without seeking a mandate every 5 years where populist moves prevailed over long-term implementation and mostly painful gestation periods. If we had just continued with the GST system in Malaysia today, our tax base would have been broadened and collected double that of the SST.
@@JohnHuoVUCA Yea, same problem every democratic system have. I think the only way is to create a constitution that firstly MUST always protect individual rights and properties. And every law and policy must always be made with that in mind. And the first rule of individual rights must never be broken, ie, no new government can change this clause in the constitutions. Then you slowly start cutting the size of the government. Empower local government to make decisions by themselves, state only need to intervene if local is violating ppls property rights or stealing, etc. Smaller government will also mean less taxes needed = less project run by government (except for police and military) = less money stolen. That couple with a free market, let the ppl keep their production which will incentivize them to be more productive. Thats a start. Its certainly possible, but i do not see any political will. There first need to be a cultural shift by the citizens, if not politician have no reason to change.
My thoughts exactly. Privitisation only works when there are competition. What we & UK had was a privitised monopoly which obviously is not efficient. We should embrace free market and let it run its course.
Those privatised institutions are monopolies. Monopolies by their nature are not efficient. Competition is the driver of efficiencies and hence beneficial to consumers.
Well said Proff.The pioneer Companies privatised,was the succesful moneymaking Entinties, for the benefit of a large no of chrinies,to fund back the Goverment iin other areas for another set of chronies and certain Quarters to make money,making a loss on employment,loss in quality of service and hogged on the rakyat to pay for everything.This was a mockery,bacause the the smart took advantage,and of course collobrate to make money in the areas of Medical and education sectors,where a larger portion of the society rarely benefits.The politicians,the rich and a selected group only benefit to live a quqlity life.Absurd system.
unfortunately I agreed, but i would say it’s hard to keep a calm mind in front of giant like Jomo The moderator would be better if he read widely and deeply on economics issues - but is this really a fair expectation? I don’t even expect this from the MPs anymore
Guys, with respect, realistically, where were all these experts' criticism when the Ringgit was loaing value since 1973 to its worst in November 2022 just before PMX Madani govt took over? Now suddenly (wtf) its PMX and his govt getting criticised. Get some IQ guys if believe all these "experts"
These experts r genuine experts not experts in inverted comas in the first place, u ignoramus. These experts had said a lot of things from way back but they all fell on deaf ears. I rmbr way back, Prof Jomo used to hv a olumnin the nst.
Yes sir why the poor people in the Malaysian it can not got a good selaree for monthly payments and for Lok Kel people in the Malaysian country today and of years can not got good selaree why sir and every five years government in the Malaysian country with limited selaree by reescan today my sir and thanks again my sir please sir
Msia are in dire needs of leaders to snag High Order Thinking Skills (HOTS) to epitomise the nation economic activities in the post C-19. Msia is encumbered with an inherited debts goosebumps at RM1.5 trillion. The Unity Govt's fiscal policy had commingled with the Capital Market, DDI and FDI to hassock the Govt liabilities. The Msian financial ecosystem is solvent spearheaded by BNM and it will not become easily swayed by the Fed's action to hike the OPR which is currently at 5.5% and Msia's OPR stood at 3.0% which had spawned the Ringgit votality. May Allah sbwt bless PMX to caper his Vision and Mission developing the nation and recapitulate the rakyat well-being.
I knew he is a socialist the moment I read that he used to work with the UN. State owned corporations can only work if the government is dictatorial like Singapore and if the country is so damn tiny. It wouldn't work in Malaysia. It wouldnt work in the west as well. In a robot culture society, SOE can thrive. But we don't live in a robot culture. We can have some, the ones that are productive let them live and thrive. The ones that aren't performing well, why should we continue bailing them out? Mahathir did the right thing. Crony capitalism is far better than bailing out failed companies non stop. There is also nothing wrong with the rich becoming richer so long as the poor become less poor. Capitalism is the only system that has survive for thousands of years. Socialism has only been around less than 200 years and the results were a disaster. I cannot believe how the west still finds socialism appealing, nobody learns from history. The problem with the west is they are becoming more and more socialist as time goes on. To do business in the west is a nightmare, so many regulations that it is pathetic. That's not capitalism, that's socialism. Over regulations create inequality, a free economy eliminates poverty so long as u have enough discipline. We need less regulations & less red tapes to revive the economy. Jomo is highly overrated. Please do not spread the socialist disease in Malaysia.
th-cam.com/video/XJwnLPFj9-0/w-d-xo.htmlsi=PQaPLP3bsvt5mrFu&t=940 (15:40 mins). Did Jomo just said Dr. M admitted to cronyism? isnt that a crime? To give companies related to HIS party contracts to bail them out is literally what cronyism and corruption is. Would appreciate if anyone can link something that show Dr M admitting to this. thanks.
I wish the interview could be longer, Prof is so insightful, I can go on and on listening. Thank you for bringing him to the show!
I am grateful that he agreed to come to the show too! Thanks for watching~
More Malaysian should watch this.
He is a more interesting guy than 99% of ppl know....read "Comet in Our Sky"....
We should make these kinds of interviews on mainstream media.
I shared on my FB so that more people can benefit
With Great Respect to Mr Jomo as Malaysian that wish to come back and serve our Country. With the Great Interview hopefully more and more Great Malaysians with follow your footsteps to serve our Wonderful Loving Mother Land. 🙏🏻🙏🙏🏼🙏🏾🙏🏿🌈
When a local wants to sustain a profitable business, the unseen forces want a share in it. So the option is to take the business to a favourable country.
Part 2 and Part 3 please....so much more to pick from Dr Jomo verdent mind. Truly refreshing to hear from a home grown strategic intellect!
Wow.. just hearing from the man words and compassion.. we know he is very smart
All my respect to Dr Jomo and all his insight about the policies that can change Malaysia economic progress.
Appreciate the bold nature of Prof - stating it as he sees it. Insightful speaker, for those who care to listen.
One of the most intelligent Guests that I have heard from. Thanks Frankie for arranging such an insightful interview :)
Glad you enjoyed it!
Prof Jomo is truly great 😃😃👍👍
I look forward to a discussion between the Economy Minister and Prof Jomo. I reckon it's going to be a interesting showdown.
Economic minister can tap from the Prof's expertise as he is with Khazanah
Been following Jomo's newsletter. Definitely a brilliant man, and can sense Frankie having a hard time following Jomo's contrarian views. Dont worry, happens to the best of us and its a great interview nonetheless!
I was quite nervous speaking to someone sitting on the council of eminent persons :p
Always improving. Keep doing the good work sirs.
where did you get that newsletter? must be an interesting topic
@@FAQShowAs a host you performed well. TQ
@FAQShow , should listen more than injecting your thoughts.. otherwise this interview is brilliant.
KS Jomo blew my mind. very deep insight & also bitter truth story told by him.
A very important interview yet not shared by the local media, a great lessons the MPs, Aduns to clearn .
A towering Malaysian. If only politicians listened to this man.
Terima kasih untuk wawancara ini
Prof handle the whole conversation like a champ, really great sharing. More of him please.
Subscribed.
So enlightening to hear & know a frank, straightforward, & transparent voice again. Thank you thank you!
Truly brilliant. No um, ah, apanama, or other expressions of uncertainty. An outlier of Malaysia.
This is how a prime minister should talk in this country... Unfortunately, monkeys are leveraged..
People who lack quality do things to please the rakyat.
In Malaysia NOW ...
ALL FAILURES......Remembering In ,1971 Working in Johore Rm1eq to SG 1 Dollar...Go and Fly Kite.
insightful session. Interesting to hear from prof view.
Some countries are great at repressing the intellectuals
Thank you Prof for this interview. Looking forward to more.
100% absolute understand and agree with Prof Jomo. Welfare of the people cannot be marketed. Government leadership is paramount in national health and wealth.
Very very very good insight
Thank you for this great effort bro. Very insightful...
Thank you very insightful in our country's economy. We need more local investment in Malaysia.
I hope there'll be Part 2, 3 and so on. Thanks very much. I enjoyed watching this.
Enlightening topics and appreciate the efforts to produce this kind of content. Thank you for sharing!
Nice and fruitful discussion. Probably, Prof's take on PADU and CBDC could be quite enlightening.
It's a great pity & loss that such a professional expertise and a good person was not give a good chance to contribute to Malaysia!!! What a huge shame.
He has his chance during PM7 tenure...sense anything?
the government policies till today are still chasing away local entrepreneurs and talents..
I have actually pointed to PMX not to wait for FDI but to focus and expand local productivity.
Great insight into a man of high intellect! ❤
Good information, good interview. Thank you.
A wrongly managed privatisation would turn it into piratisation.
The collapse of the USSR prompted privatisation of former state enterprises by a select few who became the oligarchs. It was piracy. I absolutely favor a free market economy which fosters entrepreneurs, but simply transferring a state enterprise and its assets to private hands encourages cronyism.
Dulu Jadi Council Of Emminents Tun Langkawi,Ex Fin.Minister,Robert dll...Tak juga Improve Ekonomi.....
Salam to my dear friend Mr jadi the master in economics in kazanah his speech is fantastic from uncle azlan Shah parit buntar Keiran Perak Taman semarak
Fantastic.. you should publish the uncut version of it..
Malaysian should vote for him to be the P.M . You have a gem within your country. Don't always look for those who have an agenda for themself..❤ Singapore
I love Dr. Jomo insights, i do hope he can co tonue to have more diacussion and influence on government decision on policies to do ghe right move for our economic
@faqshow Good call getting Prof Jomo on. However, he was critiquing, not criticising, the government.
Healthcare is very important.
Eg those milk, any kind of food must have less sugar, sodium salt added to it for a healthier Malaysian .. as I notice those ingredients especially sugar contents are very high and it’s very bad for our ppl..
He is amazing should be our country advisor in the govt department..
He should give talks to PMX, and all policy makers.
No, they do not want peopke who are smarter than them.
When he spoke on privatization, it brought me the question of how successful is our private education system. Do they actually deliver what they promise ? Some have majestic buildings for sure but when it comes to the substance of actual education, many are mediocre at best. Would be interesting if there was a no holds-barred discussion on this.
I agree. We want progress
Prof shd have touched on higher education as how he found his undergraduate student in UM and what lacks among them to correct the weaknesses in the education system...
Yes indeed as the wise saying goes, corruption will destroy any country and makes its citizens suffers. Comprehensive action must be implemented to study on human greed and control as a compulsory subject in schools and gov't administration and make transparent throughout the country
You must have longer time, more scope of conversations.
It will be better if you asking about the progress of cooperative movement in our country, and the possibility of having that kind of economic machinery able to be manipulated well in order to elevate our PEOPLE ECONOMY and to eradicate poverty.
Its a good move,its surprising as malaysian politicians wont like to see an individuals give a negative speech about wrong administration of the government,syabas to u Sir,
There have been hanky panky then, now and , believe you me,in future where the countrys revenue is being misused by dishonest administrators. It has become a culture cast in rock.
Do like to share this video please.
Much better interview than mrmoneytv
Hi frankie, can we have every episode you record interviewing other people is upload as podcast like the mr money show? 😊
There is!! You can tune in to FAQ Show Podcast on Spotify: open.spotify.com/show/7GSsUPgk6Ns0qSE90ofayH?si=11b565f323514f34
He wrong it is not HSR for ECRM. Right on extreme high cost is too high.
I agree as long as the people’s agenda is race and religion we will continue to go 2 steps forward 1 step back probably 3 steps back😅
Ends with Padu but Jomo didn’t even get to talk about it sigh😢
We have to create n develop our own product like Korea- Samsung, Japan-Toyota etc.
Yes. S Korea started their growth by supporting their companies with protective policies. We can start by nurturing and supporting current Malaysian companies, although not entirely via having a closed economy.
we have already.. mizrzan narina mokhzani mukriz 😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Should have been appointed as Minister.
Please elect Prof Jomo, Prof Syed AlAttas and like as senators.🎉
🎉🎉🎉
Hope to hear discussion pn scepticism on PADU.
Jomo talked for Malaysia and Malaysian whereas the interviewer is clearly talking about and for the Klang Valley. Sadly successive governments starting from Mahatir including Anwar only rule for the Klang Valley. Until the government and opinion makers realise there is more to Malaysia than the Klang Valley and tap the potential, Malaysia will never achieve first world status. Successful nations like Japan, Taiwan, China have multiple centres of economic activities, vis a vis, Tokyo, Osaka and Taipei, Kaoshiung, etc. Any talk about Malaysia, economy, tourism, public transport, infrastructure development has only been about the Klang Valley. Until Malaysian and government of the Klang Valley realise that there is more to Malaysia than the Klang Valley, Malaysia will never achieve her potential.
It would seem that the quality of the government is similar to that of the national football team.... mediocre at best..
His insight is par with the lste Lee Kuan Yew or the current Lee Hsien Loong.... had he made a PM of Malaysia ... today our country raking is among the top in the world ... i am not joking.
Only 😢😮😮😮😅😢🎉😂😂
Prof should go to Yang Bakar Menteri
The problem sounds like cronyism and government intervention of bailouts. not privatization. Privatization can only be efficient under free market conditions where there is real free and fair competition. Every critic of privatization here to me is more of a critic of state cronyism and intervention (bailouts). The answer isnt more state control which will require a philosopher king like the late Lee Kuan Yew but smaller government, lower taxes and ACTUAL free markets. IMHO.
@Kitsune101, I am aligned with your thoughts. However, that's quite a tall order to implement based on a fluid democratic system without a long mandate. Case in point, China allowed free market economics to run in special economic zones before rolling it out country-wide after the system proved successful. But, they had centralized and absolute political control without seeking a mandate every 5 years where populist moves prevailed over long-term implementation and mostly painful gestation periods. If we had just continued with the GST system in Malaysia today, our tax base would have been broadened and collected double that of the SST.
@@JohnHuoVUCA Yea, same problem every democratic system have. I think the only way is to create a constitution that firstly MUST always protect individual rights and properties. And every law and policy must always be made with that in mind. And the first rule of individual rights must never be broken, ie, no new government can change this clause in the constitutions. Then you slowly start cutting the size of the government. Empower local government to make decisions by themselves, state only need to intervene if local is violating ppls property rights or stealing, etc. Smaller government will also mean less taxes needed = less project run by government (except for police and military) = less money stolen. That couple with a free market, let the ppl keep their production which will incentivize them to be more productive. Thats a start. Its certainly possible, but i do not see any political will. There first need to be a cultural shift by the citizens, if not politician have no reason to change.
My thoughts exactly. Privitisation only works when there are competition. What we & UK had was a privitised monopoly which obviously is not efficient. We should embrace free market and let it run its course.
Since 1970s, Malaysia damaged
Nnnn . 😮 yyy😢🎉 😢@@mahidonpromwichit3618 nnnnnnnn b😊😊😊
When there seems to be more concern for the "afterlife" rather than the "futurelife" of a nation, the trajectory of a nation's future is predictable.
Those privatised institutions are monopolies. Monopolies by their nature are not efficient. Competition is the driver of efficiencies and hence beneficial to consumers.
who has a PhD from Harvert University😮
Well said Proff.The pioneer Companies privatised,was the succesful moneymaking Entinties,
for the benefit of a large no of chrinies,to fund back the Goverment iin other areas for another set of chronies and certain Quarters to make money,making a loss on employment,loss in quality of service and hogged on the rakyat to pay for everything.This was a mockery,bacause the the smart took advantage,and of course collobrate to make money in the areas of Medical and education sectors,where a larger portion of the society rarely benefits.The politicians,the rich and a selected group only benefit to live a quqlity life.Absurd system.
Please do more interviews with Jomo - a whole series even
Moderator not doing enough homework.
Wants to show “he also knows things” #cringe
unfortunately I agreed, but i would say it’s hard to keep a calm mind in front of giant like Jomo
The moderator would be better if he read widely and deeply on economics issues - but is this really a fair expectation? I don’t even expect this from the MPs anymore
You should suggest to gomen the solution for low ringgit value
Pls invite Dr Arif too
I agree on prgress but look on north east nope....
The North East was only used as an example.
Guys, with respect, realistically, where were all these experts' criticism when the Ringgit was loaing value since 1973 to its worst in November 2022 just before PMX Madani govt took over? Now suddenly (wtf) its PMX and his govt getting criticised. Get some IQ guys if believe all these "experts"
These experts r genuine experts not experts in inverted comas in the first place, u ignoramus. These experts had said a lot of things from way back but they all fell on deaf ears. I rmbr way back, Prof Jomo used to hv a olumnin the nst.
Prof is Tun M’s supporter
Yes sir why the poor people in the Malaysian it can not got a good selaree for monthly payments and for Lok Kel people in the Malaysian country today and of years can not got good selaree why sir and every five years government in the Malaysian country with limited selaree by reescan today my sir and thanks again my sir please sir
I highly recommend that the host enhances and refines the questions to be posed to the most eminent and distinguished guest.
One dollar one vote rather than one country one vote.... 👍
Is this on podcast? The link is inaccessible.
yes there is! you may click on this link to tune in: open.spotify.com/episode/494orXV13poHAfkU0aRkgK?si=46f50282b9c84b3d
Enough of skyscrapers. Focus on the people and the infrastructure especially improving public education, public health and public transport.
The Jedi master have spoken!😅
why the interview has some cut at certain points.
Local entrepreneurs who eventually made it big also run a risk of being forced to 'sell' their businesses to some ppl.
Very awkward interview i must say. I lost count on how many NO NO uttered by Prof Jomo when the host try to make some statement (assumption).
Yes, a brat wanna make himself look smart #cringe
👍
👏👏👏👍
Msia are in dire needs of leaders to snag High Order Thinking Skills (HOTS) to epitomise the nation economic activities in the post C-19.
Msia is encumbered with an inherited debts goosebumps at RM1.5 trillion.
The Unity Govt's fiscal policy had commingled with the Capital Market, DDI and FDI to hassock the Govt liabilities.
The Msian financial ecosystem is solvent spearheaded by BNM and it will not become easily swayed by the Fed's action to hike the OPR which is currently at 5.5% and Msia's OPR stood at 3.0% which had spawned the Ringgit votality.
May Allah sbwt bless PMX to caper his Vision and Mission developing the nation and recapitulate the rakyat well-being.
Dr Jomo should be our PM
Truly jedi, frenkie kena all the time 😂
24:00 27:00
Keep it short, and straight to the point, noone wil spend more then 20 minutes on one video. Self introduction 1 minute suffice.
I think what happens to Malaysia if we simply ignore Mahathir. He has no post in the government.
Jedi Master "Jomo" !!!
I knew he is a socialist the moment I read that he used to work with the UN. State owned corporations can only work if the government is dictatorial like Singapore and if the country is so damn tiny. It wouldn't work in Malaysia. It wouldnt work in the west as well. In a robot culture society, SOE can thrive. But we don't live in a robot culture. We can have some, the ones that are productive let them live and thrive. The ones that aren't performing well, why should we continue bailing them out? Mahathir did the right thing. Crony capitalism is far better than bailing out failed companies non stop. There is also nothing wrong with the rich becoming richer so long as the poor become less poor. Capitalism is the only system that has survive for thousands of years. Socialism has only been around less than 200 years and the results were a disaster. I cannot believe how the west still finds socialism appealing, nobody learns from history.
The problem with the west is they are becoming more and more socialist as time goes on. To do business in the west is a nightmare, so many regulations that it is pathetic. That's not capitalism, that's socialism. Over regulations create inequality, a free economy eliminates poverty so long as u have enough discipline. We need less regulations & less red tapes to revive the economy. Jomo is highly overrated. Please do not spread the socialist disease in Malaysia.
Why are these wise individuals not governing?
th-cam.com/video/XJwnLPFj9-0/w-d-xo.htmlsi=PQaPLP3bsvt5mrFu&t=940 (15:40 mins). Did Jomo just said Dr. M admitted to cronyism? isnt that a crime? To give companies related to HIS party contracts to bail them out is literally what cronyism and corruption is. Would appreciate if anyone can link something that show Dr M admitting to this. thanks.
Too much money or grants went to Bumiputra MELAYU companies than a Malaysian company
Jemput horror story dari kekawan selain Melayu boleh?