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The Economic Ignorance of Supporting Excessive FDI Restrictions While Overspending on IMPORTED Luxury Items

Asteria Lending

The long weekend is over and it's back to work and school, right? I was reminded of a conversation I had during the 2016 elections. An issue I rose was specifically was that "Regardless of who wins, the candidate must work hard towards the removal of economic restrictions." I received one stupid answer that made my jaw drop, "Why will you let them invest in here? Only FDIs will get rich!" So says the person with very expensive taste. The person has a taste for imported luxury items. He goes out with people with expensive tastes. 

I was reading about the news of how Apple would have a factory in Communist Vietnam. It's really ironic how some people I know who are anti-FDIs are using Apple luxury products. I even remembered one person I argued with (and trolled to expose his inconsistency) that he hates FDI while using an iPhone. I'm not too surprised to learn of some members of the CPP-NPA who are using MacPRO laptops. There are also people who are very much anti-FDI and are using imported devices, imported platforms, etc. in their rants (read here). I wouldn't be surprised if "thought leaders" like Bayan Muna, Kabataan Partylist, the League of Filipino Students, Migrante International, etc. have been using luxury products to spread their propaganda. Wait, aren't they supposed to be holding nationalistic views in favor of protectionism? That's why I think using social media (read the irony here) and blogging platforms to promote Pinoy Pride Economics is self-contradictory

I wouldn't be surprised if I'd catch these anti-FDI people shopping for imported luxury items. It might be the release of a brand-new iPhone or a new luxury bag. What happened to the call for Pinoy Pride economics? What happened to the call to support Filipino First? What happened to the teacher saying that so and so only buys local products as a character to develop? I could imagine if these same people who were saying, "Buy Pinoy! Support the economy! Down with America!" (in American-made social media) were ironically using an iPhone. Then they might say that they were only "forced to participate" in it? Was Apple (or any luxury brand company) forcing them to buy their products?! 

This is why I can say it's frustrating to discuss economics with an overspender (read here). After all, budgeting money is also part of economics. If you studied basic middle school and high school economics, you may run into the truth that learning to save one's money is part of economics. You need to save more than you spend. For an overspender, the word budget hardly fits into their vocabulary. Why go abroad on an expensive trip if you've got heavy expenses? Why splurge the paycheck you just got when you've got other expenses? I guess for extravagant people, economics is a stranger to them. The word "economize" hardly exists in the vocabulary of extravagant people. 

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