Thursday, June 10, 2010

Wengernomics - In Support of All Wise Men

“The pleasure we derive from doing favors is partly in the feeling it gives us that we are not altogether worthless. It is a pleasant surprise to ourselves” ~ Eric Hoffer

I've been hit by a train of surprises lately (good ones of course though they are mentally and emotionally tiring). Today, Mr. Wenger paid me a surprise, surprise visit.

Again, a 'blimey' coincidence as I thought about roping him in a great quest on economic enlightenment, which I have mooted to my dear old friend this morning (did we not remember what Neil Armstrong said when he first stepped on the moon, "One small step for a man, one giant leap for mankind").

Now he's PENUMPANG - in retaliation to misleading Idris Jala and his PEMANDU. Check out his Wengernomics - reliable and pliable takes on our Gomen mind-boggling economics policies.

Welcome home, Mr. Wenger!

"Do not believe in anything simply because you have heard it.

Do not believe in anything simply because it is spoken and rumored by many.

Do not believe in anything simply because it is found written in your religious books.

Do not believe in anything merely on the authority of your teachers and elders.

Do not believe in traditions because they have been handed down for many generations.

But after observation and analysis, when you find that anything agrees with reason and is conducive to the good and benefit of one and all, then accept it and live up to it"


p.s. I have serious doubts about the quality of graduates Economics Schools all over the world produced because based on my experience and the facts we could clearly see now, engineers make better economists.


nightcaller said...


Engineers make better economists? Are you kidding?

They say that "Engineers are the squares of the society" literally meaning that they couldn't fit and a sore thumb to many...

If Engineers makes better economists, then why are most of the construction and developers run by accountants (economist, in nature)?

ITill then...G'nite M'sia...wherever u are...

Fi-sha said...

Hello Mr Dnightcaller

Yes, they make better economists and that's different between my generation and those before :)

Why most cons co run by accountants? That's traditionalist approach to doing business - that is making money and that alone may explain why we have substandard cons quality, roboh sana, bocor sini. I blame the FC - cut here, cut there without any consideration for Value Engineering.

I hope now you could see that why engineers make better economists. They give value to works done. Economists and accountants just want to make money :)

nightcaller said...


Your statement will brings smile to the Engineers :). However, it is the Economists and the Accountants who make sure that the bottom line is black ie profit.

What use is Value Engineering when you will lose bids after bids due to the high cost? So it is the Economist and the Accountants who will come to the rescue and juggle the figures to make it right...

Look at how great our Accountants and economist are - they can perform "miracles" turning a "red" account to profitable black in a space of 1 year as what happens to MAS, something that the Engineers could not possibly do...

Another case in point? What about the "abandoned LCCT east"? Only a non-Engineer (Accountant, if I am not mistaken) can come up with a terrific idea of having 2 airports within less than 50 km apart.

Don't blame the FC for roboh sana, roboh sini projects. It's the Engineers who fail to put their feet down and defend their "technical" view, so why blame FC for that?

Conclusion - Value Engineering or not, it's the Economist and the Accountants and the FC who will be indispensable to the organisation.

Engineers? I know of some who end up being jet ski racer and involved in deep sea fishing...Guess Economist, Accountants, FC and maybe bankers rule!As long as one can manipulate the accounts to look good, they will be great asset...