A community for the discussion of history in Malaysia and its predecessor polities, with a focus on local topics that are not in "mainstream" History syllabus.
The echoes of the past shall not be forgotten.
Did you know?
| logo | FMS coat of arms |
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The community logo is based on the coat of arms of the Federated Malay States? It combines all the colours from the flags of the constituent states:
The FMS coat of arms would eventually evolve into the coat of arms of Malaysia, with the FMS colours forming the core of the blazon.
P.S. Moderator applications open.
(my personal opinion on the impact of the agreement which is still ongoing to the less-developed country: https://mefi.social/@cendawanita/110982575930231563)
We got cocky leaving the union, thinking we'd leave Singapore in the dust. The exact opposite happened.
It's actually a good move, economically speaking in the bigger picture. No doubt Singapore's much more developed economy with its value-added industrial sectors was going to zoom straight ahead as soon as they're no longer committed to be in the federation and with that, the attendant need to contribute to the development budget of the rest of Malaysia. But because of that, it would have been a long-term economic suicide (see Brunei) to keep hitching your wagon to it. We're definitely slower, no doubt, and corruption and inefficiencies don't help. But a more expensive currency (that the central bank has agreed to lose some control over so that's your monetary policy levers handicapped) with not even basic manufacturing to be competitive, and with that no budget to develop (except of course overvaluing fossil fuel earnings capacity thereby developing only that ecosystem as priority)? Ayyyyy that's an even worse future.
ETA: there was no expectation we'd "leave them in the dust". In fact it was more like, we couldn't afford the projected inflationary pressures from a strengthening Singaporean dollar.
Aight, that makes sense.