NEP: Did it really help the Malays?
By Viktor Wong Malaysia, 55 years is over and now our nation is heading towards the 56th year, that is of course next year 2013. The New Economic Policy (NEP) was established and implemented immediately after the May 13, 1969 racial riots. The NEP was the brainchild of the then second prime minister Tun Abdul Razak who had taken over the country leadership from Tunku Abdul Rahman after the bloody riots in 1969 as the result of the Alliance's defeat in the general election during that year. What is NEP all about? Of course we all know that, but many of our new generations do not even know what was that. Many younger Malaysians today often view NEP as a tool of corruption, power abuse and an easy way to achieve power and wealth. Yes, the NEP has became like that. The NEP has in fact swayed from its original objectives. NEP was born out in aftermath of the May 13, 1969 riots in order to safeguard the social and economic interest of the Bumiputra communities, particularly the Ma...