The curse of ‘seven generation cronyism’

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Chinese people have a proverb which says that wealth lasts only three generations. But were you aware of a Malay saying that covers seven generations?The Chinese saying is that the first generation works hard to build the family fortune, the second generation reaps the benefits, but the third squanders the wealth.I know many second-generation Malay families who still cherish hard work, but the values that they and their parents once had are rarely passed on to their children.The third generation live a life of pampered luxury and much of the wealth is spent. How will they survive once their grandparents and parents have gone?Look closely and you may find many parallels about the three generations in Malaysia.Our founding fathers built the country on a solid foundation left by the British. We had an independent judiciary, a sound civil service, an education system that was amon…