Tuesday, December 11, 2007

Cambodia's Cowboy Capitalism

By roatha007

While Cambodia has enjoyed rapid economic growth recently, the growth foundation and mechanism are very unhealthy. Cowboy capitalists and corrupt politicians have transformed Cambodia into a Wild West. It grows at the expense of the poor,national identity and environment. Foreign companies and racket businessmen control almost everything. The rent-seeking gov't is so inactive and incapable. Some apparent consequences are huge income gap and environmental destruction. Without good governance and the rule of law, Cambodia will be in great danger in long run. The loss will be irreversible.

2 comments:

Phalla said...

This point of views might be applicable to Cambodia current situation, however, being a businessman, what would you do to troubleshoot that problem?

roatha007 said...

haha Motto san, unfortunately I am not PM or a big businessman. I have nothing more to say besides a better leadership. Yes, it is easy to say but hard to achieve.