Our productive advantage was not lost because of lack of effort from our workers, they did a lot, sacrificed a lot only to be robbed by the corrupt. These robbers are the people they trusted to run this country." ..........Toffee.
Productivity Increase a Mea Culpa required
Do you know what they got for their troubles? Retrenchment, due to some dubious schemes conducted in the Mahathir era, and the results of that corruption plagues that airline till today, and the corrupt practices goes on unabated.
Do you know who screwed up the industry by trying to corner the market?
A monkey who had little understanding of the fundamentals of the business and we all know him.
The mine workers were hard working they were a productive lot, the industry was so productive Ipoh was thriving town then, one of the best in the country and all because of tin and just imagine it only took a monkey to destroy the whole thing - we trusted a monkey.
And can you guess who was responsible? That same monkey of course.
We were the world's largest producers of Domestic Air Conditioners, and Semiconductors, and the big American and Japanese firms began deserting us when this same monkey, a loose cannon began to open his mouth, things did not seem safe in Malaysia any more, the semiconductor industry is a strategic industry in the US and placing such sophisticated operations in Malaysia was a lesser option so they too moved out in stages leaving us with contract manufacturing base and lower end jobs carried out mainly by foreigners.
Whose idea was it to begin a state owned National Steel Mill?
Would it not have been a better idea to have allowed the then existing millers to handle the job?