I was reading about ‘Malaysia can sustain US Recession’ in one of Malaysia Business newspaper today afternoon. They were talking about US Recession and Malaysia is not going to follow the same path (recession) due to strong domestic demand which can ‘offset’ slow Electrical & Electronics (E & E) growth due to less American buying Malaysia’s E & E products.
Then, a light bulb suddenly appeared in my head. Why not educate Malaysian public about the concept of How Domestic Demand can make the public retain their job, their home, their car and ultimately, worst case, their family. When I mentioned Malaysian public, it includes the aunties & uncles in the rural area. In this case, I assumed Malaysian living in urban area understand how domestic demand can offset our slow export to the US (Even I believe only about 30-40% of urban Malaysian understand this). If there are politicians or ministers who think they can change the way Malaysian thinking, I'd like to invite them doing this. Of course, they have to understand how the mechanism works first. If not, it will not serve the purpose. They'll become laughing stock. This is the time where our politicians can show their value to the public. If they succeed, it is a huge boost to their political influence as well as our country’s economy. Give it a shot. After all, you are a politician. You should use your given talent. Since the election also closing in, I suggest they do it quickly. Else, they might loose their votes.
If those politicians are reluctant to do that, probably due to the subject is too heavy for rural people, I suppose we have to urge the government to perform their social obligation. I suggest the ‘low-profile’ Information Minister to start the project. If not, people will see that you are not doing your job as Information Minister. At least, I do. By educating public on financial knowledge like this, we can have bigger impact to weather our slow export growth. You are allowed to imagine yourself. After all, the Information Minister is also it a politician himself.
While this initiative is to educate people on How Domestic Demand can help Malaysia divert from a slowdown path, I hope in the future, there will be more plans to educate Malaysian public on Financial Literacy.
I know that some of us might think if we focus too much on ‘money’, it is kind of evil thoughts (especially to the elderly), I opine that money might be no. 2 in our life after HAPPYNESS (the spelling is like that on purpose. Adopting from In The Pursuit of Happyness). However, it is as important as THE OXYGEN that we breathe everyday.
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