TBH if the government didn't implements these racial policies, I think Malaysia will be worst off - it will stuck in a civil war between the races like many other countries.

But I do think many of those policies are no longer needed - many of the Malays are more educated and smarter compared to 50 years ago. Right now those policies likely doing more harm than good - driving brain-drain and limiting economy growth, but any government try to remove those policies is just suicidal.