>Yes, but you are underestimating the ways the state itself may "help" a company fail.
Yes, but this also undermines your point that government-manufactured startups will necessarily get red-carpet treatment.
Like I've said earlier, Malaysia is more like Romania, and the examples you've listed are peanuts compared to the kind of shenanigans you can get in Malaysia.
I mean, this is a country whose PM is a nonagenarian who's made a spectacular political comeback [0], after having defeated his protégé [1] and his former party [2], and who's known for sending another protégé to jail on sodomy charges.[3] It's also a multi-ethnic country where the privileged status of the majority ethnicity is constitutionally protected[4] and backed by active affirmative action policies.[5]
Which is why there's so much skepticism in this thread about the whole thing.
[0] https://en.wikipedia.org/wiki/Mahathir_Mohamad
[1] https://en.wikipedia.org/wiki/Najib_Razak
[2] https://en.wikipedia.org/wiki/United_Malays_National_Organis...
[3] https://en.wikipedia.org/wiki/Anwar_Ibrahim_sodomy_trials
[4] https://en.wikipedia.org/wiki/Article_153_of_the_Constitutio...
Yes, but you are underestimating the ways the state itself may "help" a company fail. Ever had all your accounts blocked for an accounting misunderstanding of $500? Had the state not pay back the money they owe you while they wait on the statute of limitations or companies suing them? Delay VAT refunding thereby reducing your cashflow?