Former Malaysian Prime
Minister Mahathir Mohamad touted his multi-racial country’s economic success in
a university lecture yesterday, saying Malaysia’s phenomenal growth was hinged
on pro-business policies accompanied by “limits” to democracy.
Mahathir also blasted the excesses
of Western financial markets and said European society, which is reeling from
Greece’s sovereign debt crisis, has been living beyond its means by maintaining
generous compensation schemes, huge bonuses, and short working hours.
“We applaud democracy but
democracy works only when people understand the limitations of democracy,”
Mahathir said during a special convocation of the Pontifical University of
Santo Tomas.
 |
| Photo by Sherwin Vardeleon |
