Friday, December 09, 2005

getting philosophical

once in a while, as usual, i will revisit this topic again, that is why am i blogging. the original intention of blogging like a columnist is not attained cos i am too personal with person and myself - i talked about myself more than any thing. haha.. but i guess i will still continue, to make sure i can recollect my thoughts next time.

just watched 前线追踪 . it's about taxi drivers loitering around the town waiting for "on call". for that 4 dollars, tourists are having a bad impressions of singapore for they can't get a cab for 30 to 50 min. and of cos singaporeans suffered as they are forced to call cab. however, somehow, i jus think that the big bad guys are not the taxi drivers (they are just trying to survive, "survive" is the key word. i really think that they are just earning just enough. ) so who is the big bad guy? of cos it's the taxi companies, they are charging too too much for the rental. anyone who knows economics will know that this the price /cost will eventually be transferred to the consumers when the demand elasticity is low.

hence, of cos the drivers cannot afford to take the cost upon themselves and hence they will naturally choose a place whereby the demand is inelastic (city). economics explained it all. who benefited? the taxi companies!!

i am so disgusted.

anyway, just came back from church camp. quite relaxing this time. =)

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