The critics of the New Economic Policy point out that many Malays have become millionaires and billionaires because of the NEP. There are 16 million are so Malays in Malaysia. But there are no 16 million Malay millionaires and billionaires. There may be some Malays who have become millionaires and billionaires. But they are millionaires and billionaires not because of the NEP. It is because they are cronies of those who walk in the corridors of power.
And there are also Chinese millionaires and billionaires. There are also Indian millionaires and billionaires -- as there are millionaires and billionaires from Sabah and Sarawak as well. And these ‘non-Malay’ citizens of Malaysia are millionaires and billionaires in spite of the pro-Malay NEP and because they are cronies of those who walk in the corridors of power.
Let us not just look at how poor the Indians are. There are also very poor Malays -- as there are poor Chinese and poor natives of Sabah and Sarawak.
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