Michael Tsen's Saga
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Tuesday, October 28, 2008

Malaysia force hypermarkets to drop price ? DAMN STUPID !!!

For those of you who are happy, sorry to tell you that instead of a good thing, this marks the WORSE of our recession.

Dropping petrol price WILL NOT drop inflation is an economical FACT.  And that holds true as long as we are in a FREE MARKET ( free as of freedom )

Forcing "businesses" to drop price while they are NOT ABLE to will Initiate Deflation.  Deflation is WORSE than Inflation.  Businesses will close down, more people will lose jobs and the whole economy will be lack of cash flow.  Crime rate will spur high like end of world coming !

I cannot believe our new finance ministry is SO STUPID ... seems like they are willing to risk all our lives just to win our votes.  They REALLY don't care about long term benefits do they ?

There are only 2 "RIGHT" solutions to today's problem ...

1) Let the market have TOTAL FREEDOM.  Those who doesn't drop price will lose to those who drop price.  Those who drop price and survive is because they use their creativity.  Eventually those remaining businesses are 'good' ones and eventually they grow BIG in next phase of world economy cycle.

2) Communism - TOTAL CONTROL.  It may not mean like the old Russion or old China.  But very much like the England Today.  Although now they use terms like - get from rich for the poor but basically they have crossed the line of Market Freedom and go towards communism.  Ask any high income british how they feel about today's England and you will understand.

Asking Hypermarket to drop price without a clear policy is neither 1) or 2).  First goverment interrupt the market freedom, 2nd of all, goverment did not impose clear policy to control.  So eventually our economy will go no where but politic will win over clueless citizen votes ....

OMG .... when can we have a Proper Finance Literate guy to run our country's finance ....

2 comments:

** OUT OF TRACK 思 想 出 軌 ** said...

I wonder if you could ever go for a break away from everything since U have so much to care about in this world :)
I hope to read something lovable from you next time - sth about nicolekiss/less leisure type is going do great to you/your health :)

Michael Tsen said...

err ... k, will think abt that :)

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