, Columnist
Mahathir Must Temper His Contempt for Markets
Malaysia’s prime minister has made an ill-timed gamble by scrapping the goods and services tax.
At least he hasn't called George Soros a moron recently.
Photographer: Kyodo News/Getty Images
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Mahathir Mohamad blamed everyone except himself and his policies for his country’s entanglement in the 1997 Asian crisis. It appears two decades haven’t been enough to mellow the Malaysian leader.
The 92-year-old prime minister has won an unexpected second shot at a job he retired from in 2003. But his contempt for markets is still intact.