Tuesday, June 03, 2008

Subsidy Only?

The price of crude oil is reaching USD130 per barrel.

Tomorrow, the Malaysian government will announce the new measure in the form of subsidy scheme which I am not quite sure whether it is going to be politically motivated or just a stunt because our regional neighbor have been paying more – per liter basis.

I doubt it’s going to be a sustainable solution looking at the mood of global economy which is quite bleak – to add salt to wound, the world is also facing global food crisis.

I don’t think subsidy or price control is a sustainable “solution”.

Perhaps the government should invest in launching campaigns to conserve energy, save fuel consumption, protect the environment, bike to work, and exercise for better health – which will eventually reduce the government healthcare budget.

I am tired of looking at those ugly, visually polluting billboards by the roadside with pictures of politicians who could have done a better job.

Use those strategic spaces for campaigns for the benefit of the whole country. After all, subsidy is only ONE variable in the whole equation.

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