OutSyed The Box
Sunday, December 25, 2022
TALKING THRU THE @$$ : PRICE CONTROLLED ITEMS GOT NO PRICE ELASTICITY LAH. KAU ORANG YANG KURANG INTELIGEN TAK AKAN FAHAM APA RAFIZI CAKAP !!
Rafizi denied he advised people not to buy chicken to help combat price hikes
he was quoted "by right, when the price of chicken
increases, people should avoid buying chicken"
My Comments : He denied saying it? This is low hanging fruit. Fast forward to minute 6:48 onwards in this video https://youtu.be/9ihuQOwJ-b8 and listen to what he said.
Rafizi, explained "price elasticity."
My Comments : He is really talking through his @$$ on this one as well. First of all chicken and eggs are price controlled items.
My Comments : He denied saying it? This is low hanging fruit. Fast forward to minute 6:48 onwards in this video https://youtu.be/9ihuQOwJ-b8 and listen to what he said.
Rafizi, explained "price elasticity."
My Comments : He is really talking through his @$$ on this one as well. First of all chicken and eggs are price controlled items.
- Sec-gen of KPDNHEP Azman Mohd Yusof
- max retail price Peninsular whole standard chicken
- fixed at RM9.40/kg, RM10.40 per kg for super chicken.
- max retail price Grade A chicken eggs set 45 sen each
- Grade B (43 sen) and Grade C (41 sen) in peninsula
Hello brader, how can there be price elasticity when the price is fixed by the government? Barang-barang kawalan harga got no price elasticity lah.
Rafizi said "intelligent" members of public would understand his point of view
"When explained, intelligent members of the people began to understand them better"
My Comments : So what you are saying is that the bodoh "members of the people" will not understand you? Only the intelligent people will understand you? And you call yourself a people's leader?
Jadi untuk mudahkan urusan dan menjimatkan masa Rafizi Ramli, tuan-tuan yang kurang inteligen, tuan-tuan yang bodoh tak payahlah dengar apa Rafizi cakap. Tuan-tuan yang tak cukup inteligen tak akan faham apa pun. Dont waste time ok. Jangan membuang masa orang. Bodoh!
By Syed Akbar Ali at December 25, 2022
The fact that Rafizi attempted to backtrack on his earlier ill-informed and arrogant statement may fool his starry-eyed, hero-worshiping supporters but is unconvincing to people with brains.
ReplyDeleteAs Syed Akbar Ali correctly pointed out, price-controlled items are not subject to supply and demand free-market forces, so Rafizi is not only being arrogantly elitist, whilst speaking down to us consumers through his anal orifice, without taking into account the impact of external factors, such as the price of chicken-feed which is mostly imported, and which has risen worldwide and in Malaysia, according to several reports.
Price of Feed
Published: October 20, 2022
https://www.ibisworld.com/us/bed/price-of-feed/745/
Major chicken company warns of 15% inflation as feed prices soar
22-03 | Market trends/analysis | News
https://www.poultryworld.net/the-industrymarkets/market-trends-analysis-the-industrymarkets-2/major-chicken-company-warns-of-15-inflation-as-feed-prices-soar/
Hike in livestock food component prices affects chicken prices, says minister
https://www.malaymail.com/news/malaysia/2021/09/10/hike-in-livestock-food-component-prices-affects-chicken-prices-says-ministe/2004593
Palm kernel waste to be used as animal feed to control chicken prices
FMT Reporters - May 31, 2022
https://www.freemalaysiatoday.com/category/nation/2022/05/31/palm-kernel-waste-to-be-used-as-animal-feed-to-control-chicken-prices/
Whilst producing chicken feed from palm kernel waste is a great idea to reduce Malaysia's reliance on chicken feed imports, however why didn't the government think of this earlier and are such domestic sources enough to replace imported chicken feed.
This Rafizi guy, seems to be mesmerised by the well-worn, discredited Thatcherite, Reaganite, von Hayekist, von Misesist, Chicago School neo-liberal, free-market forces mantra which swept the world following the collapse of socialism and the Soviet Union.
The price of chicken feed in turn affects the price of chicken and eggs, and if price of chicken feed is high like now, if left totally to the free play of supply and demand market forces and free competition, the chicken and egg farmers can only lower their prices so much without making a loss.
On the other hand, if the government caps the price of chicken and eggs too low without subsidies, chicken and egg farmers will be making a loss and will either choose to cut back on or stop production, or possibly exit the business altogether, which would of course result in a shortage of supply of chicken and eggs in the market, so even if chicken and egg prices are capped by government regulation, there still will be a shortage of chickens and eggs to buy.
In both cases, what is Rafizi going to do to address the problem.