#64 A critique on the National Semiconductor Strategy
On Geoeconomics
The National Semiconductor Strategy (NSS) is to consolidate Malaysia’s semiconductor industry; the main script is HERE.
Of relevancy to enquire on the encampment of transnational corporations (TNCs) in FTZs that had extracted surplus value through exploited labour arbitrage within the global commodity value chains whilst suppressing trade unions’ labour struggles.
Workers’ unions in Malaysia have had been decapitated long ago benefitting the Global North transnational corporations’ monopoly-capital in Free Trade Zones enclaves, (STORM 2021, TNC Labour Exploitation), in collaboration with local compradore capitalists. Under British colonial administration, we have southern India’s indenturedkangani labour who became “orphans of the Empire“, and post-independence when unionisation was disfavoured and disenfranchised.
To probe whether such an industrial policy endeavour - to lift drowning rakyat² from the rising tides (World Bank 2023) amidst a national economy's retarded performance (IMF 2023) while glaring urban poverty resides (UNICEF 2024) - is able to achieve leading competitive edge.
It is not only too late to propel state of nation onto a progressive socio-economic path with socialist characteristics, but only to enmesh and entrench financialisation capitalism in the country whilst intensifying relentless class struggle ahead.
Related Readings
Digital frontier deepening infrastructural platforms stronghold
Marine cabotage under netarchical capitalism
Techno-feudalism under infrastructural platforms
Hi
Postings - to those who might have missed these articles - during the week, include:
1] In a multipolar world, Progressive International
2] People's Conference for Palestine, Liberation
3] Digitalisation in Malaysia - the class factor dimension, newleftmalaysia
4] Russo-China relationship - view of Wang Wen, csloh.substack
Thank you for revisiting this site to read my postings On Geoeconomics.
Please share these essays and articles with your peers, diasporas and social communities.
with solidarity,