|Written by Sophan Seng|
|Tuesday, 14 October 2008|
I am also uneasy [re: Letters October 9] with the very explicit words of Kith Meng in an interview “From ATMs to fried chicken” (October 6). But I understand [interviewer] Roger Mitton’s intention to maintain the original version articulated by Kith Meng.
In his speech, Kith Meng is understandable as a very aggressive capitalist. With his businesses ranging from financial marketing to KFC, Kith Meng might not forget the theory of economic efficiency that “it cannot make someone better off without making someone else worse off”.
The questions which need to be answered by tycoons like Kith Meng are: Do they continue their extreme business monopoly? How much do they care about social externalities, including social inequity? How much of their business is used to alleviate poverty through social entrepreneurship schemes? Do they prefer property rights, regulations, fair bidding or do they prefer the current ongoing lack of good governance in order to boost their profit?