Proton has been in existence for the past 20 years. When the idea was first introduced, there was plenty of excitement and euphoria for a homemade car. Now, this car project is in trouble and we debate whether to close it down or continue giving it more of a privileged status - just to make some people who are rich, richer.

In any business, there are always continuous reviews to gauge one's strength and weaknesses. After 20 years of selective patronage, Proton has not improved either in quality or pricing and has failed miserably outside the country.

It is clear that it is not capable of competing with other automobile companies on a level-playing field. We should be brave enough to bite the bullet and be prepared to make tough decisions. We should blame the government for its failure to check and discipline the style of management that contributed to the rapid collapse of this firm in terms of competitiveness.

Proton cannot take a gamble on just another hunch and ask for another 20 years of special privileges. There is no guarantee that this "period" will help Proton improve in any aspect. We have lost our advantage of being the first country in the region to start an automobile industry. Our neighbours have now overtaken us and we are playing second fiddle to them.

This is all due to our protectionist minds. If Afta was signed to liberalise trade between the countries in Southeast Asia, it is because its main aim was to benefit the people of the region. But look at the prices of cars in Malaysia. To ensure the survival of Proton, all other cars are made more expensive to cut down competition and gives an advantage to Proton.

On the long run this does not help us to become competitive and further more, the people suffer the most in terms of choices.

Proton has failed and changes are needed to help it continue. As we know, there are willing buyers who are ready to merge and restructure Proton. We do not have to go far. Look at Perodua, a national car company which is doing very well, though the majority share is held by a foreign company.

That does not stop us in recognising it as a Malaysian company. As leaders, we must accept the fact that vast amount of resources have been wasted on propping up companies that have failed. The key issue is to be transparent and base decisions on merit.

I am sure we would be able to generate a far stronger enterprise that would be fair to all players in the industry. The bottom line is, it should benefit the nation as a whole and not protect one person's ego or stubbornness.

We cannot go on protecting Proton. Let's be brave and do the right thing for the industry. Liberalise the car industry and encourage fair trade.