Drop capitalism, give social democracy a try, says academic

[superadmin]

PETALING JAYA: A political scientist has suggested a change in Malaysia’s governing system so that public interest will be the foremost consideration in policy making.

Azmil Tayeb of Universiti Sains Malaysia said he would advocate the kind of social democracy practised in Scandinavia and Germany.

The Scandinavian countries and Germany have been consistently rated high on the quality-of-life index and they have managed to steer their way out of economic crises without much negative effects on their populations.

Azmil said social democracy would be an improvement to the current capitalist system as it would strengthen the social safety net, provide public goods and protect workers’ rights.

“It means that certain things such as education, healthcare, housing and others will be the responsibility of the government and cannot be fully privatised for profit,” he told FMT.

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