Filipinos Complaining About Increasing Costs of Necessities While Living an Extravagant Life?

With Christmas just being around the corner--I always associate it with paying some year-end fees (such as real estate taxes), computing the year-end financial statement, and the like. However, it can be observed that some people have a mentality akin to Tomas Mascardo. If you've seen the Heneral Luna movie--one scene has Mascardo leaving his post to attend a town feast. Historian Ambeth Ocampo wrote this in Inquirer about Mascardo:

By the end of April 1899, the enemy was moving steadily northward from Manila in hot pursuit of Emilio Aguinaldo and the Malolos government. Luna, who was then chief commanding general of Central Luzon, ordered all his commanders to be ready at their stations and await instructions from his headquarters in Calumpit. During a particularly trying period, Luna was informed that General Mascardo had disobeyed Luna’s orders by leaving his headquarters in Guagua to attend a fiesta in Arayat.

Historians differ on the reason for Mascardo’s trip: One source says he was attending a fiesta, another says he was bathing, and yet another says he was courting a beautiful lady in whom Luna was also interested. Whatever the reason, Luna dispatched a telegram ordering Mascardo to return to his headquarters in Guagua immediately; he also reprimanded Mascardo for leaving Guagua without permission.

Mascardo may be long gone but his attitude is still prevalent among Filipinos. I'm no historian myself either. What I want to stress is that whatever reason Mascardo had--he should have never left Guagua without permission! Unfortunately, some people follow Mascardo's mentality with their finances. I even wonder if Mascardo had a habit of complaining about the cost of needs but never about the cost of wants.

It's typical for people to complain about the rising prices of commodities. We must realize that everything is at a supply and demand scale. No amount of insults done against economists will ever change the laws of supply and demand (read here). One can call demeaning names to economists but we can never change the laws of supply and demand. The irony is that while complaining about the increasing prices of necessities--they're actually spending on branded goods!

Interaksyon

A good example is the Filipino obsession with the iPhone (read here). If the prices of goods and services have increased--why line up for a brand-new iPhone? That's why I even ask if anti-economic reform proponents were forced to buy their branded goods (read here). They had all the market freedom to choose substitutes. Why get an iPhone when you can get a Samsung, a Xiaomi, or any smartphone for a much lower cost? It should be considered idiotic to complain about the increasing prices of goods and services--if you're up for an iPhone that falls under a want. The iPhone is just a want and a smartphone is a need. If they need a smartphone--why go for an iPhone when there are still quality ones? Is it just for the sake of looking good?

That's why there's this statement, "Don't go broke trying to look rich." People may be driving BMWs but they're actually Broke Without Money. They may carry an iPhone to make everyone jealous but they have no ipon (savings). They may even be partying (which may cost higher) while complaining at that same party, about the increasing costs of goods and services. Shouldn't the increasing cost of goods and services remind you, "Oops! Sorry! You need to change your lifestyle!"?

What's the Use of Complaining About Jollibee Acquiring Companies BUT Not Accepting Open FDI to Bring in COMPETITION to the Philippines?

Anti-Snowflake Squad Facebook Page I was checking across Facebook and noticed some idiots complaining about Jollibee acquiring companies. The same idiots turned out to be anti-FDI--the same group that converses with Porky Madugo and Mukhang Adik. As usual, I will not directly link the idiots (or even reveal them directly, they will reveal themselves) to avoid giving them clout. Here's a statement by Porky that may make anyone wonder if (1) he knows he's lying (which I think he is for some self-serving reason ), or (2) he doesn't know what he's talking about: The monopolization of business ruins the business. It degrades the quality of the business of a product. If you think monopolization is good, that's stupidity. It kills the competition and it kills the business. Well, as old saying goes: "capitalists are the only one will destroy themselves." Since when did capitalism mean killing competition? Isn't Porky supposedly a die-hard Communist? In the

The Insanity of Quoting the Late Lee Kuan Yew About the Marcoses While Ignorning the Rest of His Helpful Advice for the Philippines

It may not be Singapore day yet, it's still July and that event is in August. However, some people are now raising placards all over again because the 17th Philippine president is none other than Ferdinand R. Marcos Jr. Som people tend to quote from the book From Third World to First . I did buy the book last year and started reading it slowly. I did get a slow read when it came to the late Lee Kuan Yew meeting the late Ferdinand E. Marcos Sr. The description of Marcos was anything but flattering. I read the book and LKY mentioned that he was not confident that Marcos Sr. could pay back the money. The Philippines wasn't in the "golden years" as some would like to make it out. Yet, it seems that the only time LKY is ever mentioned is whenenver it's about the Marcoses and tends to be ignored when it's about how the Philippines can improve. Parliamentary system is often viewed in the wrong way Whenever Singapore is mentioned, I tend to talk about the parliamenta

The Economic Ignorance of Saying Landlords and Stock Traders Contribute Nothing to Society

Finding anti-capitalist (or better said, anti-business) wokes on Facebook (of all places) is just plain funny. Maybe, the term socialist isn't so negative since the late Lee Kuan Yew considered himself a socialist, the late Deng Xiaoping is the author of Socialism with Chinese Characteristics, and Vietnam still considers itself as a socialist country. The picture above this paragraph says that landlords and stock traders allegedly "contribute absolutely nothing to society". I feel compelled to write a bit of a post since, as a business graduate, I do feel insulted. Then again even if I didn't get an MBA--I do still feel insulted myself! How good landlords contribute to society Landlords are often said to be a blight. Some say that it's the "easiest job in the world". However, managing real estate (especially rentals ) isn't as easy as some think. I wrote an essay as to why being a landowner isn't as easy as some people think . I would like to d

The Problem with the Philippine Education System is That It Inadvertently Tends to Make One Stroke One's Ego

What happens is that the traditional Philippine education system focuses too much on monuments of fame rather than learning milestones . It reminds me of the incident where Rep. Raoul Abellar Manuel stressed out he was a cum laude, and that he's not stupid. I feel this is a microcosm of a much bigger problem that happens with the education system. I'm not going to deny that going to the University of the Philippines and graduating summa cum laude isn't an easy feat. However, I wrote an article on what's the use of being a summa cum laude when one opposes badly needed reforms . It's because whether we want to admit it or not, schools focus too much on the ability to memorize without also focusing on the ability to understand . Memory is also the least reliable tool. It would be time to continuously attack the problems of the education system. I felt shamed back then because students were often told, "Your grades will determine your future!" In college, I

Pinoy Pride Economics' Filipino vs. Foreigner False Dichotomy

Two years ago, I wrote about the socio-economic cost of Pinoy Pride Economics . It might be better to call it Pinoy Fried Economics because such mentalities have caused the Philippines to fail. Pinoy Pride Economics has fried up any potential for the Philippines to improve. As it's August, the month is commonly called Buwan Ng Wika (month of the language), the celebrations tend to focus more on the celebration of Filipino Culture instead of Tagalog. I remember Buwan Ng Wika programs tend to showcase how cultural exchange evolved the Filipino Culture--such as showing the Chinese traders and Americans in their interaction with Filipinos. On this very first day of August, I'll discuss the problem of the Filipino vs. Foreigner dichotomy. Last I re-studied Filipino History, I never saw it as once free from foreign influence. The Chinese traded with the Philippines--way before the Chinese Communist of China (CCP) caused trouble because of their country's terrible leadership .

Can Diehard 1987 Constitution Defenders Prove Their Claims to the Lee Kuan Yew School of Public Policy?

It's not enough to say something. The question is, "Where's the substance or the empirical evidence?" When I start quoting from the late Lee Kuan Yew, these diehard 1987 Constitution of the Philippines defenders start diverting the topic by pointing out my errors to spite me than to correct me. They would ask if I know the Deming Theory of Management which talks about quality management in the company culture. Okay, that was something worth asking but as said, can these people really understand the problem of the Philippines has been more systemic (that is, within the system ) than just the people running the system? What allowed the legislative to be filled with people who know-nothing anyway? That's why I didn't want to vote for Senator Robin Padilla (who ironically understands the need for reforms, read here ). Unfortunately, so many Ad Hominem attacks have been done. A past article I wrote was Should you listen to either Davide Jr. or Kishore Mahbubani

Where's One's Priorities in Complaining About Rising Prices?!

I found this meme on Facebook. For the sake of non-Tagalog speakers, it means: For each one that costs PHP 75.00 no complaints. PHP 50.00 per kilo, always complaining! Last year, I wrote about what's dubbed as pera-normal activities . I would like to write about another cause behind these pera-normal activities. People tend to complain that the prices of goods and services have risen. However, they have no complaints about the rising prices of things they don't need. The meme on Facebook shows two things--the gin and the kilo of rice. I was skeptical about President Ferdinand "Bongbong" R. Marcos Jr.'s promise of PHP 20.00 per kilo of rice. The promise is ridiculous but he won anyway . We can thank the presidential system and the 1987 Constitution of the Philippines for that! Now, critics of Bongbong are demanding PHP 20.00 per kilo of rice. Shouldn't the critics show why it's impossible given the current circumstances? This editorial cartoon from The Mani

Shaun T. Dy's Business & Economics Perspective Blog

Search This Blog