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Friday, November 15, 2013

Ridiculous Comparison of Nasi Lemak!

Folks,

Today, I want to share my personal opinion and thought about ridiculous comparison of "Nasi Lemak" around the world.

I am not a big fan of converting our currency to other currencies for comparison purpose - especially in the case of our famous local delicacy, "Nasi Lemak".

Why in the world would you want to compare it with another world? I mean, of course the price of nasi lemak varies from country to country.

For example, the price of nasi lemak in Malaysia probably be, say, RM 5 a plate. Of course you can't get RM 5 in London, for the price of nasi lemak sold in London must be in the local and common currency used in London.

While it is "very much clever" to convert the currency in London to ringgit, I truly see no point in doing so, especially in this particular case of nasi lemak.

To me, the measure of how pricey "a thing" is, should be in the local currency where "the thing" is sold. Of course, there are few exceptions to this theory of mine.

And above all, it must have some economic justifications when determining and studying the price of things.

Drawing a blind economic conclusion based on currency conversion is surely a simplistic, but somewhat incorrect comparison and benchmark.

I think it would definitely be misleading to unnecesarily convert form our currency to another currency just to show price difference of nasi lemak.

And it certainly will not help if we want to say that our nasi lemak here is cheaper than any other country, because I believe that whatever measure that has been taken to benchmark the price of nasi lemak sbould be in the local currency where the nasi lemak in shown.

And for those thinking that we should be grateful that the price of nasi lemak is the lowest in the region, well, that argument is certainly flawed!

It is not about being grateful (syukur) or being thankful that the price of nasi lemak is cheaper here; but it is about being logical that we cannot certainly and unnecessarily convert the price of things here in Malaysia with those in other parts of the world.

While there may be some other things that we can draw comparison with other nations (such as the price of cars etc.), I certainly think that comparing the price of nasi lemak is one that makes no sensible sense to my mind.

Hardly one that I can fathom!

Of course, this is my unqualified economic opinion for you to dwell and absorb.

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