Finally, its election time here at Malaysia
again..Speculation on the election date started since
last year.. if you kept a beard since then, it would probably be longer than
Gandalf's by now..
Since parliament was dissolved on 3rd April,
KLCI has jumped from 1685 points to as high as above 1700 points.. which is
completely opposite from what OSK predicted in this article:
“The election trading strategy will be to keep it short and
tight,” OSK advised. “Investors should remember that elections are in general a
short term localised driver.”
The report further recommended that investors wait for profit
taking ahead of the general election before entering the market and focus on
blue chips in the banking, oil and gas, and construction sectors.
“Outside of this localised trading strategy, we remain defensive
on the longer term and maintain our 1466-pt KLCI fair value for 2012,” OSK
concluded.
Well
does that make the KLCI extremely unfairly valued now? We'll see by the
beginning of next month..
Which
brings me to my point - the problem with democracy. Even if elections were totally
fair, without gerrymandering, phantom votes and false allegations on sexuality,
it ends up being a popularity contest like American Idol - Does the
best singer win? The one with the most promising career? Or the best looking?
Or the one that just makes us feel good, reason unknown?
For a candidate/party to win, it has to cater to the whims and fancies of the general populace.. even if it means polices that are financially detrimental to the country in the long term such as cash hand outs, subsidies, unnecessary projects, etc.. and the less educated the general populace are, the easier it would be to manipulate their thoughts. Both sides simply need to have populist policies just to win, but these polices may well end up draining the country's already drained-out funds..
This will not be the state of the country's funds with democracy..
So what's an alternative to democracy? There really isn't any, as long as humans are the rulers. Humans are emotional, and emotions don't always result in the best decisions.. What we need are a bunch of computers programmed with the best political, social and financial theories and a bunch of robots to execute orders.. But wait, doesn't that mean humankind would be leaving its fate to computers and machines? Of course not, where do you think those theories came from? What we need are governments which are completely unbiased and unprejudiced, with full access to the latest information all the time.. Plato had it right in his work The Republic:
According to this model, the principles of Athenian democracy (as it existed in his day) are rejected as only a few are fit to rule. Instead of rhetoric and persuasion, Plato says reason and wisdom should govern. As Plato puts it:
"Until philosophers rule as kings or those who are now called kings and leading men genuinely and adequately philosophise, that is, until political power and philosophy entirely coincide, while the many natures who at present pursue either one exclusively are forcibly prevented from doing so, cities will have no rest from evils,... nor, I think, will the human race." (Republic 473c-d)
Undilah Sains dan Teknologi!
I vote him for our next Prime Minister
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