Skip to main content

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!"?

Popular posts from this blog

"Will #SahodItaasPresyoIbaba Economics Lower Philippine Gas Prices?

Inquirer Gasoline prices have increased again, haven't they?  A few days ago, I wrote  why #SahodItaasPresyoIbaba's view of gas prices is questionable . Today, I feel like writing this after several complaints on Facebook. I would like to create a follow-up post. People are complaining too much without understanding the real reason why some countries have lower prices of gasoline. Real talk. We need to talk about economic policies,  and  of course, please do a study on supply-demand analysis  on supply chain management . Let's examine the complaints made by Bulatlat Bulatlat Here's a chart from Bulatlat that compares the increase in prices of gasoline between the Philippines, Thailand, and Malaysia. It's always problematic when people ignore simple economics. It's funny, but Bulatlat mentions this on their website: Note also how expensive our diesel and gasoline products are compared to those of our ASEAN neighbors. The estimated common price today of diesel in...

The Good Old Days when Gasoline was Cheaper Under the Late Noynoy Aquino

Millennials' Voice I would like to clarify first and foremost that this post isn't an attempt to say that the late Benigno Simeon C. Aquino III's legacy was all bad. Some good things happened. However, let me be clear that it's stupid to say, " We don't need economic cha-cha because of the late Noynoy. " However, let me clear that I decided to write this because of a Facebook post called Millennials' Voice , which wrote this: Did you know that during President Noynoy Aquino's time, the price of oil in the world market was high, between $100 and $110 per barrel. But even with those high prices, gasoline and diesel at local pumps in the country were still relatively affordable.  Under President Duterte, world oil prices went up and down, from a low of $41 to a high of $101 per barrel. The big jump to $101 in 2022 happened because of the war between Russia and Ukraine.   Now, under the current president, world oil prices have gone up again to around $...

#SahodItaasPresyoIbaba Economics' Understanding of How Gasoline Prices Work

International State College of the Philippines Today is Flor Contempacion Day , and rallies are expected. However, whether it's Flor's death anniversary or not, rallies are expected for the wrongest of reasons. I would like to address this photo from the International State College of the Philippines' Facebook page. The demands here are rather clunky and stupid. We have the following demands that would naturally clash with each other, such as: No to the oil deregulation law while demanding lower oil prices. This is simply ignoring the basic fundamentals of economics, namely the law of supply and demand . They say that oil companies are greedy for gain. These rallyists probably don't really understand the difference between revenues and profits . Let's understand the Oil Deregulation Law  The Oil Deregulation Law, or the Republic Act No. 8479 , passed on February 10, 1998, under the late Fidel Valdez Ramos. Here's how the liberalization works: CHAPTER II  LIBERAL...

The Myth of "Invading" Other Countries Through Foreign Investors and Overseas Filipino Workers

BoardGameGeek Years ago, I could remember how "Filipino pride" seems to be required by the DECS. Some songs in the Filipino subject (or called Tagalog) tend to glorify it. One of the songs was called "Ako'y Isang Pinoy" (or "I'm Pinoy") feels ironic since it was played on an imported music player. We had discussions for years about how Overseas Filipino Workers (OFWs) are often the unsung heroes or the new heroes. The mentality kept going on with how people desired to take a particular course not because they wanted to--it's because they wanted to go abroad. Why I wanted to take Bachelor of Science in Information Technology (BSIT) was not just to impress people but also to go abroad . However, more people shifted away from BSIT either because they were eliminated (common cause) or because it was too hard for them. Some of them flat out admitted that they took BSIT in hopes of going abroad. Some were taking nursing in hopes of again-- going abro...

You're Complaining About PHP Devaluation But Do You Know Some Asian Powerhouses Have WEAKER Currency?

  Social media comments can be very toxic, aren't they? Sure, I didn't vote for Philippine President Ferdinand R. Marcos Jr. However, I can't blame him for anything beyond his control. The late former Philippine president, Benigno Simeon C. Aquino III, had nothing to do with the prices of gasoline being lower. Neither does former Philippine president, Rodrigo R. Duterte, have anything to do with the prices of gasoline. We find that the US Dollar (USD) is definitely getting stronger in proportion to the Philippine peso (PHP). Yes, it could reach up to PHP 60.00 or even higher. I remembered experiencing this during the time of former Philippine president, Joseph M. Ejercito aka Joseph Estrada . I really blamed Estrada back then for it even when it wasn't his fault either.  People can start panicking over the devaluation of the PHP. There are plenty of crude comments on Facebook I wouldn't bother screenshotting them all. Instead, I decided to finally write this economi...