10-12-2023, 08:51 AM
![[Image: 7e9febca-public_rapidkl_train_lrt_mco_ma...020-1.webp]](https://media.freemalaysiatoday.com/wp-content/uploads/2023/04/7e9febca-public_rapidkl_train_lrt_mco_mask_fmt_16062020-1.webp)
PETALING JAYA: An economist has suggested that the government reduce its intervention in the marketplace and prioritise its liberalisation to achieve comprehensive and long-term subsidy reform.
Center for Market Education CEO Carmelo Ferlito said a true strategy to help the poor should be centred on liberalisation.
“The government should gradually move towards market prices (for all), accompanied by a well-defined and feasible strategy to eliminate monopolies,” Ferlito told FMT.
“Public transportation and utility services such as electricity currently operate under a monopolistic regime and should be opened up to competition. This would benefit consumers by providing improved services and lower prices.”
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