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Economics Liberty

[1021] Of handicrafts: the next controlled item

For those that support price control on essential items such as sugar and gas, they’d argue that such control is essential to prevent suppliers from manipulating prices at consumers’ expense. They’d say, the control mechanism is there to protect us, the consumers. Well, today, in the name of protecting us the consumers, handicrafts might be the next essential item:

RAWANG: The Government may consider introducing a price control list on selected local handicrafts to prevent profiteering.

Culture, Arts and Heritage Minister Datuk Seri Dr Rais Yatim said several parties had complained about the vast price differences in certain handicrafts and therefore it was time that the Government looked into the matter seriously.

Let’s see if there would be handicraft shortage in the market…

Yes, I know. If shortage does occur, it’d be almost absurd.

Allow me to anticipate the next controlled items. I bet your would be favorite cup, you would be smelly pillow, your teddy bears, action figures, chocolate, cherry, your would be favorite t-shirt, your life…