Sir, may I, as Prime Minister of Malaysia and Chairman of the Non-Aligned Movement, offer my sincere congratulations to the President on his election as President of the General Assembly at its fifty-eighth session. I am confident that given his wisdom, experience and diplomatic skill, he will be able to steer the proceedings of this session to a successful conclusion. I wish to assure him of the 10 fullest cooperation of the Malaysian delegation. I strongly believe that the members of the Non-Aligned Movement would similarly render their full support and cooperation to him. Allow me also to pay tribute to his predecessor, His Excellency Mr. Jan Kavan, for his dedication and the effective manner in which he conducted the work of the fifty-seventh session. I also commend the Secretary-General for his efforts and perseverance, and I salute the men and women who had dedicated and given their lives in the service of the United Nations. The General Assembly has been conceived as a forum for the nations of the world, big and small, to air their views and grievances freely, as the stakeholders in the governance of the international community. Unfortunately, it is subservient to the Security Council, which in turn is subservient to any single one of the five victors of a war fought more than half a century ago. It is hardly a democratic forum, but it is all that the great civilization of the late twentieth and early twenty-first centuries has — a civilization that is supposed to uphold freedom. Still we, the small nations, have much to be grateful for. From being the colonies of the Europeans, we are now independent and we are granted membership of the United Nations with the right to speak, albeit with proper restraint and decorum, in this Assembly. As independent nations, we believe that we have a right to manage our internal affairs ourselves without foreign interference. We admit that there are abuses in the management of our countries by some of our Governments, but our detractors should remember that they, too, abused their Governments’ power when they seized land belonging to indigenous peoples and exterminated them, claiming that it was their “manifest destiny”, the “white man’s burden”, to bring civilization by setting up their own countries in these lands and confining the indigenous peoples to barren reserves, with no role in the Government of the new nations. What they did to the indigenous peoples is not out of character, for in their own countries they carried out pogroms against the Jews, inquisitions and mock trials, torture and killing by burning at the stake. We all carry the baggage of history, but we would willingly leave it behind were it not for the fact that history has a nasty habit of repeating itself. Today, we are seeing the resurgence of European imperialism. At first, we thought that the colonization would be virtual. Merely by economic strangulation and financial emasculation, the newly independent countries could be brought to their knees, begging to be recolonized in other forms. Today, however, we are actually facing the old physical occupation by foreign forces. Puppet regimes are installed, dancing as puppets do. This institution, the United Nations, in which we had pinned so much hope, despite the safeguards supposed to be provided by the permanent five, is today collapsing on its clay feet, helpless to protect the weak and the poor. This United Nations can just be ignored, pushed aside, gesticulating feebly as it struggles to be relevant. Its organs have been cut out, dissected and reshaped so that they may perform the way the puppetmasters want. The World Bank, the International Monetary Fund and the World Trade Organization have now been turned into instruments of hegemony to impoverish the poor and enrich the rich. It is not surprising that today the disparities between rich and poor are far greater than ever. With an impotent United Nations and its agencies turned into national organs of the powerful, the small nations are now naked and hapless. Even if we are totally innocent, there is nothing to prevent trumped-up charges being brought against us. We feel a great need for the integrity and credibility of the United Nations to be restored. Fortunately, the breach of international norms has been by countries which are reputedly tolerant of free speech and the rights of others. When criticisms are forbidden, the abuses will increase until they become intolerable and revolt takes place, with all the destruction that accompanies it. That was what happened with Saddam Hussein on a national scale. That can also happen on an international scale. Free speech provides the safety valve, the absence of which must eventually lead to an explosion. Since the Asian financial crisis in 1997, Malaysia has not been able to recover fully. This crisis was followed by the collapse of the dot.com companies and the massive cheating by the huge multinational corporations of the rich. Then came the 11 September 2001 attack by terrorists, which precipitated an unprecedented tightening of security worldwide and the invasions of Afghanistan and Iraq. The world now lives in fear — the rich of terror attacks and the others of being made targets of suspicion and pre-emptive aggression. Then came severe acute respiratory syndrome (SARS), which almost bankrupted many airlines and the tour and travel business. SARS disappeared almost as quickly as it appeared, but there is no guarantee that it or similar new infectious diseases will not come back. The world has lost its way. The hopes of the post- Second-World-War period and the United Nations were dashed by the cold war. The cold war is over now, but the resultant unipolar world and the ascendancy of capitalism have brought about new threats. No country is safe from marauding currency traders who, in a few short days, can demolish the patiently nurtured economies of the developing world. Far from being curbed, these highway brigands are lauded for their philanthropy. Robin Hood at least stole from the rich to give to the poor. These highwaymen steal from the poor and give a paltry sum to assuage their sense of guilt. They are no philanthropists. The unipolar world dominated by a democratic nation is leading the world into economic chaos, political anarchy, uncertainty and fear. We are not going to recover or have peace so long as threats are used for political and economic reforms that most of the world is not ready for or willing to accept. If we want to have democracy, the rule of law and respect for human rights, the powerful must demonstrate their commitment to all these noble ideas. And they can begin by restructuring the United Nations, in particular by abolishing the undemocratic single-country veto. This should be replaced with a modified veto whereby two veto powers, backed by three other members of the Security Council, would be needed to block any United Nations resolution. Even that, however, should be gradually dismantled in favour of majority decisions in the Security Council. The other important agencies of the United Nations must be freed from the domination of any single country. Gradually, they should be made more democratic. The free market must be recognized for what it is — a market in which the bottom line is paramount. It is not a political force for the disciplining of Governments. For the right to exploit world trade, a tax should be levied by the United Nations and used by the United Nations to build needed infrastructure for the poor countries of the world. Exchange rates should be fixed by an international commission based on relevant issues. Apart from a small commission, no profits may be made by speculating or manipulating exchange rates. Subsidies by rich countries for the production of food and other products must be forbidden, although poor countries should be allowed for a stipulated time to protect their industries and food production. The world has lost its way. The world is moving too fast. We need to pause to take stock of things. There is a Malaysian saying that when one loses his way he should go back to the beginning. We need to go back to the beginning. If we dare to admit it, many of the problems that we face today are due to the arbitrary expropriation of the land of the Palestinians in order to create the State of Israel in order to solve the European Jewish problem.