Malaysian PM: The economy is not the unbridled capitalism of the past

Malaysian PM: The economy is not the unbridled capitalism of the past

“How we view the economy is not the unbridled capitalism of the past. It has to be a more humanistic approach towards development. Which means, of course, economic growth, more investments, more trade, but at the same time more compassion, more care towards the welfare of people,” Malaysian Prime Minister Anwar Ibrahim said at the plenary session of the Eastern Economic Forum on Thursday alongside Russian President Vladimir Putin.

Issues like poverty and housing “have been largely ignored,” according to the prime minister. “So the experience in some countries in the West with phenomenal growth, but abject poverty and poor housing conditions, low quality education is not our option,” he said.

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Source: Sputnik International
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