Mahathir’s policies in the 1980s and in the Pakatan Harapan government of 2018-2020 had been damaging to the country.
Mahathir’s focus on heavy industries and the development of the national car industry as examples of those policies.
“Why would we, as a small market at the time, think we needed a national car policy when we had other priorities?”
Proton, a product of Mahathir’s heavy industries programme, had been struggling for years and its market share dwindled from over 70% in 1993 to 12.5% in 2016.
Its problems culminated in the sale of a 49.9% stake in the company to Chinese car maker Zhejiang Geely Holding Group in 2017 – after Mahathir had stepped down.
Yeah, it's an advantage to just go quietly. After all, the Mahathir Clan had amass billions, more than enough to last till kingdom come if properly managed... 😆
Mahathir’s policies in the 1980s and in the Pakatan Harapan government of 2018-2020 had been damaging to the country.
Mahathir’s focus on heavy industries and the development of the national car industry as examples of those policies.
“Why would we, as a small market at the time, think we needed a national car policy when we had other priorities?”
Proton, a product of Mahathir’s heavy industries programme, had been struggling for years and its market share dwindled from over 70% in 1993 to 12.5% in 2016.
Its problems culminated in the sale of a 49.9% stake in the company to Chinese car maker Zhejiang Geely Holding Group in 2017 – after Mahathir had stepped down.
“Who objected to Geely coming…