Some makeki economics for you

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Re: Well done, P.M. Tuilaepa.

Well Mr. Steve Roebeck, let me tell you real life economics they teach at the makeki. It goes something like this. 

A single seller of taro can charge any price he wants and the consumers can cry all they want but they will pay this price if they want to have taro for their evening meals. 

If there are two sellers, then the price will come down because the first seller cannot continue to sell at the previous high price because the second guy can sell his taro at a cheaper price and attract the taro consumers away from his stall. The lesson can be expanded to include more taro sellers and the taro price will keep coming down and the consumers will reap the benefits from lower prices.

This is the exact same analysis which other writers have used in their letters about the benefits to you and your NZ relatives in regard to greater competition.

I am not going to bring Mr. Ah Liki into this because he is equivalent to a taro seller at the makeki and his interests and those of you and your relatives are not the same.

I suspect you missed this economic lesson at high school.

 

Vai Autu

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