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The trillion-ringgit trap
['Loh Chee Seng', 'Loh Chee Seng Is A Retired Lecturer Who Taught At Private Higher Education Institutions. He Graduated In Development Economics At The School Of Oriental', 'African Studies', 'University Of London. He Is A Resident Researcher With Monsoons Malaysia.', 'Ranjan Paramalingam', 'Angeline Loh', 'Nasaree Bin Mohd Ismail', 'Gursharan Singh']
Aliran
Malaysia's state funds have grown into a RM2tn empire, but the country remains stuck in the middle.
The government-linked investment companies no longer merely own local companies.
The government-linked investment companies system was never designed to build productive, worker-owned wealth.
The PuTERA35 plan, launched in 2024 by the Malaysian government, instructs government-linked companies and investment companies to set aside funds for bumiputra entrepreneurs.
A trap that repeats itselfThe semi-peripheral condition explains why this trap is structural, not merely corrupt.