Malaysia can do better than “platform capitalism”

A recent report highlights Grab’s economic contributions totaling nearly RM10 billion, or 0.5% of Malaysia’s GDP in 2023, praised by Malaysia’s Minister of Digital for its efficiency and business opportunities. E-commerce, e-hailing, and delivery services have increased job opportunities, but questions arise regarding their impact on workers and future economic prospects. Platform capitalism, including PBGE and e-commerce, has become integral to Malaysia’s economy, drawing on excess capital to generate revenue, drive consumption, and create employment opportunities for individuals who may not have sought formal employment previously.

Full Article