Billionaires? More like politician-business incest

Prime minister Najib Razak was offered a lesson on economics today by Kuala Selangor member of parliament Dr Dzulkefly Ahmad, following a remark linking the number of billionaires in the country to prudent economic policies.

According to Dzulkefly, Najib's view only showed an urgency for UMNO and BN leaders to understand "rent seeking behaviour", under which ruling policians indulge in "incestous relationship" with big businesses, resulting in the bulk of wealth circulating among a small number of political cronies.

“This group will then secure a system of patronage and cronyism by picking up the bills of politicians," said Dzulkefly.