From privatisation to 'crony-privatisation', Jomo on Dr M's economic legacy

Prominent economist Jomo Kwame Sundaram recalled Dr Mahathir Mohamad’s economic legacy, specifically on the latter’s privatisation policy during his first tenure as prime minister.

Jomo claimed at a forum that Mahathir had embraced the policy, which was pioneered by former Britain prime minister Margaret Thatcher, with an added “Malaysian twist, which is crony-privatisation”.

His remarks drew laughter from the audience but he stopped...