Najib Fumbles Again : The Kangkung Strike Back. Mr PM Please Read This Blog Post. You Dont Understand Things Well.
- Najib Tun Razak said he used kangkung to explain supply & demand
- I like to eat kangkung
- I gave example on the principle of supply and demand which decide the prices of some of the food commodities which are not subject to price controls,” he said.
- the vegetable was only one example of food items used by the public. (Huh ??)
- “..use existing laws against any trader who charges too high”
- he and deputy would go down to the ground to check on prices
Big mistake Mr PM. You really are being misled by your advisors and consultants. Now the people whom you are insulting (ie the members of the public) will associate you with kangkung and quail (kangkung dan puyuh). Just wait and see.
- masa naik dia persalahkan kerajaan…
- bila dah turun kenapa tak puji kerajaan
- Ini tidak adil
These were your own words. Mr PM please think. Why should the rakyat have to be thankful to you when the price of kangkung goes down?
- Minimum wages RM900 (a killer, determined by you)
- Price of petrol (determined by you)
- price of electricity (a TNB monopoly, price determined by you & JJ)
- price of sugar (a monopoly – removal of subsidy determined by you)
- price of rice (a Bernas monopoly – price determined by you)
- the price of cars (monopolised by Proton – price determined by you)
- price of almost all imported products (subject to APs controlled by your cronies)
- price of postage (minimum 60 sen now – determined by you, just before Syed Mokhtar bought POS)
- toll rates – determined by you
- quit rent hiked up – determined by you
- price of steel – determined by you, through import controls
- price of cement – determined by you, through import controls
- price (“and other costs”) suffered at Puspakom
- price (“and other costs”) suffered at Metrology (a monopoly that calibrates all mesin timbang, including those used to weigh kangkung)
- taxi fares (determined by you)
- express bus fares (determined by you)
- school bus fares (determined by you)
- train fares (determined by you)
- LRT and MRT fares (determined by you)
- digital tv infra charges (determined by you)
- Langkawi ferry fares (determined by you)
- Lesen perniagaan DBKL – determined by you (gone up)
- Price of Mandarin oranges – determined by you (import controls)
- price of baby formula – determined by you (import controls)
- price of my cigars – determined by you (APs)
- price of hiring foreign maids (a killer, determined by you)
- price of hiring foreign workers (another killer, determined by you)
- price of imported beef – (determined by you – AP is controlled by one person)
- price of medicine supplied by Pharmaniaga (determined by you, its a monopoly)
- Dear readers, can you all please add to this list. Thank you. The PM needs an economic primer on managing the country.
and a thousand other prices.
There are NO market forces or very little market forces operating here. I am not saying market forces must operate here. Let me repeat (in case your boys twist things around). I am not saying market forces must operate here.
Not the prices determined by the market forces of supply and demand. Whether we like it or not, the market forces are more ADIL. They do not discriminate.