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MORAL VACUUM AT THE HEART OF MODERNITY, NOW EMBODIED IN US LAWS!
` ` MAN and nature are running out of time. That’s the core message of the UN
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MORAL VACUUM AT THE HEART OF MODERNITY, NOW EMBODIED IN US LAWS!
` In short, historically it was the Church that gave the moral blessing for
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* Talent, salary & wage growth and Koi’s law
righways
http://my.gelife.co/scholarship ` SOCIAL media has been abuzz on the new
minimum wage policy of RM1,500 announced by the government, which is slated
to come into effect on May 1. ` For politicians, regardless of which camp one
belongs to, there appears to be a consensus towards this policy’s
implementation. It…
Mar 27, 2022
* US hegemony: the culprit of Ukraine crisis, benefiting from Ukraine’s
misfortune
righways
The Ukrainian side has seen China’s neutral position on the conflict between
Russia and Ukraine US hegemony: the culprit of Ukraine crisis "Let the
gull'd fool the toils of war pursue, where bleed the many to enrich the few,"
wrote the 18th-century English poet William Shenstone. ` That is what…
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* Talent, wage growth and Koi’s law
righways
March 27, 2022
http://my.gelife.co/scholarship
`
SOCIAL media has been abuzz on the new minimum wage policy of RM1,500
announced by the government, which is slated to come into effect on May 1.
`
For politicians, regardless of which camp one belongs to, there appears to be
a consensus towards this policy’s implementation. It is after all a populist
policy, hence to voice out vocally against it would be a public relations
nightmare.
`
Supporters for higher minimum wages can be seen to be largely employees and
advocates of labour welfare.
`
The key proponents against the new minimum wage policy was on the other hand
largely from the business associations, manufacturers and small medium
enterprise owners. In short, the employers.
`
What is rather interesting from my observation is the high octane emotions
expressed on social media, be it those for or against. Supporters of the new
wage policy were completely aghast when proponents against it provided
justifications to delay the implementation. Many resorted to name calling,
where some were branded as capitalists, profiteers or bourgeoisie.
`
There was even a viral social media posting on twitter with Tan Sri Soh Thian
Lai’s remuneration as chairman of YKGI Holdings Bhd shared to depict the
wealth disparity. He was in my view, unfairly targeted simply because he
voiced out the views of the members within The Federation of Malaysian
Manufacturers (FMM) in his capacity as the president of the association.
Somehow, no reasons given were deemed acceptable by advocates of higher
minimum wage.
`
Low wage growth in Malaysia
`
It is important to note that Malaysia has been caught in the middle income
trap for the longest time. When former Prime Minister Tun Dr Mahathir
conceptualised “Vision 2020”, it was our countries’ aspiration to achieve a
high income nation status.
`
Of course, the year 2020 came and left with my memory of it largely being
watershed, much less anything remotely related to high income. So, the crux
of our economy indeed has always been low wage and especially painful wage
growth in the last decade.
`
We need not look far, the past five years' statistics of our country’s mean
and median monthly wages is sufficient to show a rather demoralising trend as
per the attached chart. World Bank’s definition of a high-income nation for
2020 was a gross national income (GNI) per capita of US$12,696 (RM 53,532).
Our country’s GNI last year stood at US$10,111 (RM42,503), which was an
estimated 20% below the minimum threshold of the World Bank. While 20% apart
may not seem like the Grand Canyon, however, we must understand there is a
disparity of wealth gap between the high T20 and the B40. This is further
exacerbated by the pandemic and slump in the economy for the past two years.
`
As a former employee who worked for various corporate organisations, I can
deeply sympathise with the predicament of entry-level and low-income
employees.
`
With access to remuneration information of the company, I notice the large
income and employee benefits disparity between the senior management and the
junior workers.
`
There was once during a town hall meeting with senior leaders of the
management, I raised a question anonymously, “How is it equitable that the
more senior one is along the corporate hierarchy, apart from higher salary,
one still gets much better employee benefits such as mobile, healthcare,
petrol and others allowances, when in fact, it is the more junior employees
with low income that are desperately in need of better benefits to supplement
the income gap?” The human resource head of the company skipped my question.
`
Is minimum wage the solution?
`
On Jan 1, 2020, the minimum wage of RM1,200 came into force. This was right
before the country was hit by the pandemic. Two and a half years later, in
spite of the pandemic and series of lockdowns decimating many small-medium
enterprises and businesses, the minimum wage would soon be raised to RM1,500.
With a history of being vocal about employees’ welfare throughout my
corporate tenure, I cannot help but feel that the situation at this point in
time is not conducive for such a drastic jump.
`
Although we did see a recovery of Malaysia’s gross domestic product
performance in 2021 with a 3.1% increase compared to a contraction of 5.6% in
2020, it is necessary to understand that many businesses went out of business
and the unemployment rate has increased significantly.
`
In addition, the country’s borders, which is allowed to open on April 1 may
provide a fresh catalyst for the economy recovery, the impact has yet to be
felt by businesses as a whole. If 2022 is to be a recovery year, then
business friendly policies need to supersede populist policies in the near
term in order to provide some breathing room to recoup past losses.
`
Furthermore, increasing business costs will add to the worsening domestic
inflationary pressure resulting from global factors such as geopolitical
tensions, supply chain disruption and loose monetary policies. Increasing
cost without expanding the economy pool is simply discouraging reinvestment
by the business enterprise, which is crucial towards growing the country’s
economy. The multiplier effect of investment activity outweighs the effects
of consumer spending. This is economy 101.
`
Koi’s Law
`
In season two of Dr Romantic, a popular Korean drama, a scene specifically
mentioned an interesting theory known as ’Koi’s Law’.
`
This theory provides that a Koi fish (which is a type of carp), grows in size
subject to its environment. If you put it in a fish bowl, the Koi would be
small fitting to the size of the fish bowl. If you put it in the pond, the
Koi would grow much larger. This relates to people’s ability to change
proportionally to the environment. If we give people the opportunity to grow,
they will be able to expand on their respective ability. Wage is an important
factor in determining such an outcome.
`
Therefore, I do agree that wage growth should be commensurate with talent in
order to retain the best minds which are crucial towards nation building. By
having the best talent in the respective fields, our country would advance
and naturally, this would help to further improve the quality of lives of the
people.
`
It is a cycle. I definitely do not disagree with reviewing and raising the
minimum wage but it ought to be gradual and at a pace where the business
owners and employers are given the equal opportunity to recover from damages
suffered. Populist agendas should never have a place in formulating economic
policies otherwise long term advantages will always take a backseat to short
term gains.
`
NG ZHU HANN By Ng Zhu Hann, the CEO of Tradeview Capital. He is also a lawyer
and the author of “Once Upon A Time In Bursa”.The views expressed here are
the writer’s own.
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* US hegemony: the culprit of Ukraine crisis, benefiting from Ukraine’s
misfortune
righways
March 27, 2022
The Ukrainian side has seen China’s neutral position on the conflict between
Russia and Ukraine
US HEGEMONY: THE CULPRIT OF UKRAINE CRISIS
"Let the gull'd fool the toils of war pursue, where bleed the many to enrich
the few," wrote the 18th-century English poet William Shenstone.
`
That is what is exactly happening during the Russia-Ukraine conflict. Whether
it's the people of war-torn Ukraine, sanction-ridden Russia, or
insecurity-ingrained Europe, all have suffered greatly. The US, the culprit
of the Ukraine crisis, has been constantly taking advantage of others'
misfortune to maintain its hegemony.
`
Every why has a wherefore. Edward Carr, a leading British scholar of
international relations, reminded people more than 80 years ago that the US
was a master in using kindness to disguise selfishness. Boasting abundant
resources, strong industry and geographical advantage, Ukraine could have
achieved development. While the country pursued a relatively balanced policy
in the early years of its independence, the US supported and incited the
Orange Revolution in 2004 and the Square Revolution in 2014 to push for a
pro-Western agenda, splitting Ukraine politically from within and
geopolitically between Russia and Europe. It is really thought-provoking that
the "Gateway to Europe" has become one of the poorest countries in Europe,
the frontline of NATO's eastward expansion, and the fault line of "color
revolutions" and conflicts.
`
In 2014 when the crisis broke out in eastern Ukraine, while Germany, France,
Russia and Ukraine held several rounds of consultations and signed two Minsk
Agreements to cool down the situation, the US took an opposite direction to
fan the flame by inciting the anti-Russian and pro-Western forces in Ukraine
to escalate the conflicts on the ground. In the current Russia-Ukraine
conflict, the US is reaping the benefits without getting itself involved
militarily. It never intended to come to Ukraine's rescue, the idea used as a
political tool by the US to trap Russia in a seemingly endless conflict.
`
We might need to go a bit further back into history to conclude how the US
hegemony had created all the security trouble for Europe, Russia and Ukraine.
It is well known that the US became a global superpower after the two world
wars which plunged Europe into chaos and destruction and led to its
dependence on the US military hegemony and NATO. Looking for a pathway to
common security, Europe and the US signed the Helsinki Accords with the
Soviet Union in 1975, which saw the establishment of the Organization for
Security and Cooperation as well as the indivisible, cooperative and
comprehensive approach to security.
`
However, after the Cold War, the US overturned the European security agenda
and rejected Russia's bid to join NATO four times. The aim was to make Russia
the imaginary foe to justify US hegemony. Since 1999, the US launched five
major NATO expansions, pushing its borders eastward by more than 1,000
kilometers to include a large number of Eastern European countries, splitting
Europe further. It also promised Ukraine, Georgia and other members of the
Commonwealth of Independent States (CIS) NATO membership, posing a realistic
threat at the doorstep of Russia.
`
Due to the hegemonic mentality and actions by the US, the vision of
indivisible common security broke into pieces, and Russia, Ukraine and Europe
were left in a security dilemma and constant conflicts. Former US congressman
Tulsi Gabbard stated in a recent interview that President Joe Biden could
have ended the crisis by promising not to admit Ukraine to NATO. But he
didn't, because the US is seeking an excuse to impose sanctions on Russia,
and it could profit from war for the American military-industrial complex.
`
Ukraine has become another victim in a series of global security crises
instigated by the US, just like Iraq, Afghanistan, and Syria. Now the
hegemonic power is pushing for an Asian version of NATO expansion via its
Indo-Pacific Strategy, aiming to contain China.
`
Hegemony is the source of evil and chaos, while the common security is the
only correct option to avoid and end crises. Whether it is Europe or Asia,
the rationales of security are the same: Security cannot be enjoyed
exclusively, but only shared; It is not a zero-sum game, but win-win
cooperation. History may prove again that, the one who makes a fool of others
will eventually make a fool of himself.
Source link
WASHINGTON BENEFITS FROM UKRAINE’S MISFORTUNE
By March 24, the Russia-Ukraine conflict has lasted one month. All
peace-loving people in the world hope that this bloody conflict, which could
have been avoided, could end soon. However, the US and NATO, which hold the
key to resolving the conflict between Russia and Ukraine, have made no
practical moves to end the war. Instead, they are still intensifying
contradictions and escalating confrontation, creating obstacles for
negotiations between Russia and Ukraine.
`
US President Joe Biden left for Europe on Wednesday, where he will attend the
NATO summit, the G7 summit and the European Council meeting. According to
media reports, Biden will work with European allies to coordinate next-stage
military assistance to Ukraine and will announce a new round of sanctions
against Russia. On the one-month mark of the conflict, Biden carried out his
intensive diplomatic offensive in Europe, yet nothing on his agenda is not
about adding fuel to the fire.
`
When touching upon Biden's European trip, US National Security Advisor Jake
Sullivan said that there will be hard days ahead in Ukraine as "this war will
not end easily or rapidly." This is not so much a "judgment" by the US, but a
carefully guided direction by Washington. Washington wishes the war will not
end, so it can maximize the use of the conflict to gain geopolitical value
from it. In other words, it is seeking to benefit from Ukraine's misfortune.
`
Because of this, the US and Europe may seem to appear close, but their
substantive differences are deepening. While Washington is obsessed with
delaying Russia-Ukraine negotiations, Europe wants security and stability.
There are emerging anti-war voices in Europe, and these voices include
disapproval toward Washington's arms delivery to Ukraine. More and more
Europeans realize that blindly sending arms to Ukraine is heading toward the
opposite direction of the security goals they pursue. In addition, the result
of long-term extreme sanctions must be that the US gets rich, Europe pays the
bill and Ukraine bleeds. Washington can't hide these petty ideas.
`
Also because of this, Biden has to "stabilize" Europe when it has wavering
intentions. It is not difficult to imagine that Washington will pull out the
"transatlantic friendship," "democratic alliance," and other small cards from
its pockets and distribute them to friends as passes to the world VIP club,
using the illusory "honor" to extract high "dues." Washington also exerts
strong pressure on neutral countries that "don't join the club," criticizing
India for being "shaky" on one hand and sensationalizing China's "threat" to
peace on the other. Isn't this a typical mafia approach?
`
As the saying goes, "It is up to the doer to undo the knot." The
Russia-Ukraine conflict is the result of the intensification of the conflict
between the US and Russia, and the key to the problem lies in the hands of
the US. If Washington really wants the "hard days" of the Ukrainian people
not to continue, then why did it choose to "coordinate" with Europe to send
weapons to Ukraine and sanction Russia, and refused to talk directly with
Russia? The answer is clear: the US does not want real peace talks. That's
why one can see such an absurd scenario: despite knowing where the way out is
for the Russia-Ukraine conflict, Washington is still desperately wiping the
sign which says "No Thoroughfare" at the end of a blind alley.
`
Washington has been good at putting on the show - promoting hegemony under
the guise of "democracy," and making a fortune from war in the name of
"peace." Yet it does not mean such an approach will never be outdated. Over
time, people will eventually see through it. The evolution of the
Russia-Ukraine conflict will prove Washington's nature as a warmonger.
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