Commerce Ministery discovers the perverse effect of prices controls policy

The commerce minister plans to ask local business operators to cut retail product prices to go in line with the recent and continued falls in the world oil price.

Commerce Minister Chaiya Sasomsap has instructed the Internal Trade Department to keep a close watch on consumer goods prices after the world crude price has fallen drastically in recent days. […]

Internal Trade Department Director-general, Yanyong Phuangrach said the department will continue discussing price cuts for other consumer goods, although he admitted that the possibility of cheaper goods is smaller as the Commerce Ministry capped prices for a number of products when the oil price was high. (TOC)

The clowns of the Commerce Ministry have just discovered that water is… liquid !

Prices controls are good when the prices are supposed to go up… But when the prices are supposed to go down… well… they won’t… because they have been… capped.

😉

Bravo, congratulations to the bozos !

3 Responses to “Commerce Ministery discovers the perverse effect of prices controls policy”


  1. 1 Bedwyr 19 October 2008 at 12:30 am

    It really doesn’t pay to take these clowns seriously, does it? I wonder what it would be like to be a fly in the wall during some of these conversations.

    Hilarious I should think.

    Bedwyr

  2. 2 chinesethai 20 October 2008 at 2:05 am

    I told you that Commerce Minister Chaiya Sasomsap’s livelihood is not much different from that of Chalerm Yoobamrung, Public Health Minister – owning a squad of hitmen, who you can hire to collect football gambling debts.

    And it is also interesting to see somebody still proudly saying the same old mantra that “oh, this government is democratically elected. It is the government for the grassroots!!!”

    Bigger disgrace than having a military-run government.

  3. 3 paperback 22 October 2008 at 4:43 pm

    @ chinesethai

    “Bigger disgrace than having a military-run government.”

    No, you’re wrong. If the government is democratic you can vote the clowns out of office. A military government comes, stays and leaves as it pleases regardless how clowny they are.


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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.


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