Anthony Loke pans Najib’s ‘illogical’ spin on ‘cash is king’

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DAP secretary-general Anthony Loke has panned former prime minister Najib Abdul Razak for his explanation of his infamous “cash is king” remark by saying that the king is the public.

He said Najib’s new interpretation made no sense.

“He tried to spin that the ‘king’ is the rakyat, meaning the cash is rakyat. I don’t follow this logic,” Loke said in a Facebook post last night.

“Cash is king” is commonly taken to mean that money can be used to buy anything, including power and influence.

Najib became associated with the phrase in 2015 after uttering the remarks to Dr Mahathir Mohamad when the latter expressed concern over the controversial 1Malaysia People’s Aid (BR1M) cash aid policy.

Najib explained in 2019 that he did not mean the phrase literally and that he meant the rakyat were kings and they deserved cash aid.

He repeated this line of reasoning last night when quizzed about it by an audience member during his debate against PKR president Anwar Ibrahim.

He said direct cash transfers were the best way to help the people, and that this would give them the freedom to spend as they wish.

However, Anwar retorted that such a policy only created a “dependency syndrome”, and that cash aid was meant to garner support and not give them true financial independence.

Last night’s debate had mainly focused on both Najib and Anwar’s vision on how to save troubled oil firm Sapura Energy, as well as on the future of the country. – Malaysiakini