NEP subservient to the majoritarian agenda

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ADUN SPEAKS | No other policy in the country has been analysed as much as the New Economic Policy (NEP).A policy that was introduced in the immediate aftermath of the May 13, 1969, racial riots to restructure capital equity and ensure effective bumiputera participation - as well as the removal of ‘race’ with economic function.Poverty eradication was one of the top priorities of the NEP. The policy was supposed to last 20 years, officially coming to an end in 1990.However, the policy was never ended - and continues far beyond the stated date.So much so it came to be termed not as the New Economic Policy but as the “Never-Ending Policy”.A reading of the various analyses of the NEP would indicate the following:First, it was a great policy with good intentions, but was not properly implemented;Second, the equity portion of the policy was progressive, but it was later hijacked by t…