Basic economics for politicians and the civil service


The Wealth of Nations by Adam Smith describes the industrialized capitalist system overthrown the mercantilist system. Commercialism held that wealth was fixed and finite and that the only way to prosper was to accumulate gold and tariff products from abroad.

On the other hand, Islamic economics is a comprehensive system that defines the rules of engagement for the social and economic behavior of individuals. The principles include: fairness and justice, the prohibition of risk and uncertainty due to the lack of appropriate information or the deliberate withholding of relevant information, the sanctity of promises and trust, productive investment and the prohibition of the accumulation of wealth by illegal means, such as corruption in the public and private sectors. sectors.

Recently, we heard the Congress of Trade Unions of Civil Servants and Civil Servants (Cuepacs) oppose the World Bank recommendation calling on the government to raise the retirement age and, instead , urge the government to raise the minimum wage for all Malaysians who work in to improve their living conditions.

There is also a penchant for appointing advisers to the Prime Minister and special envoys when Cuepacs said: “Malaysia faces financial constraints as it has to spend more to help its population hard hit by the pandemic and many Malaysians are unemployed and underemployed ”.

Appointments of politicians as special envoys and special advisers to the prime minister are not a waste of resources and are important roles, the prime minister’s office (PMO) said.

Special envoys with ministerial status are often assigned a team of four to eight people. They are not named by the Yang di-Pertuan Agong but are named directly.

As for the advisers, there are advisers for health, religion, and law and human rights. Aside from trust or incompetence issues in the respective ministries, they cost RM50,000 each per month.

Most often, these nominees are self-sufficient with their beautiful pensions and what are the added values? Are they experts in the fields concerned and how often, if there is advice given, implemented?

We don’t want subjective statements about their roles, but more objectivity. We need information like a cost-benefit analysis on these appointments as well as a requirement for return on investment in the private sector. It must be a productive investment.

Are these appointments urgent and important to make or deal with first when we have financial constraints? If there is priority, there will be harmony.

Waste is an act which is hated in Islam, as attested by verses 26 and 27 of sura al-Isra ‘in the Qur’an.

Islam also made the circulation of wealth among all citizens an obligation and prohibited the restriction of such circulation to a certain group of people to the exclusion of others (Quran 59: 7).

Optionally, Jakim or the religion adviser can offer advice to the parties involved.

In the meantime, I can understand where Cuepacs came from, but a little economic knowledge will not only help the government save money in the long run, but also empathize with other Malaysians who don’t even have a job.

As for policies, what do you say … – November 30, 2021.

* Saleh Mohammed reads The Malaysian Insight.

* This is the opinion of the author or post and does not necessarily represent the views of The Malaysian Insight.


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