A note about inflation
Replies: 4 - Last Post: Nov 26, 2012 7:22 AM Last Post By: montyman
Nov 16, 2012 11:03 PM
A note about inflationThere have been a lot of posts recently ranting about Myanmar becoming a traveler's ripoff, hotels taking advantage of the tourist boom and raising prices through supply and demand, etc.
While maybe some of this is true, I received a letter today from a Myanmar friend in Mandalay mentioning that basic prices for him have also gone way up. A trivial example being that the postage for the international letter he sent used to cost 30k and now costs 500k and 1200 if registered. The cost of electricity and petrol has gone way up. The value of real estate in Mandalay and Yangon is skyrocketing and that cost is being passed down and rents are up. The cost of building materials is rising rapidly.
I don't understand economics in the grand scheme. I think perhaps I see parallels to what happened in eastern europe in the early 90s when local prices there also rose; maybe the analogy works or not. The result of rapid economic transformation with a bit of cowboy capitalism?
The gist of this is that when bitching about tourist prices increasing, consider that local prices for local people are also increasing. Yes hotels are certainly more expensive than they were in years past, but some of that reflects a rapid increase in their own overhead during a period of uncertainty.
Nov 17, 2012 12:33 AM
1well said tabmow, we both see the transformation but what we don't see, is any improvement in the lives of those at the bottom rungs of lifes ladder in Burma.
Which incidently is what ASSK did ask for when in UK about western investment that it should also consider improving the conditions and social caring for its Burmese employees.
And if you believe in western US capitalism being altruistic, then naivity has taken on a new meaning Ha! Ha! quote:
" Cynicism is the idealists last refuge"
Nov 21, 2012 9:37 AM
Nov 21, 2012 11:37 AM
3At least the Burmese Police\re not on the search for EU number plates and "STRAAFE STRAAFE!" as they empty your wllet in corruption I learnt very quickly to follow close to locls and when they pulled in the car in frot for tehir $10 Strafe I could see them punching the ir and kicking themselves s I sailed by hving been missed Ha! Ha! Burma is lso corrupt and anywy the Ukkrnians have imprisoned that pretty female Politician in Kiev for not acting in countries interest
Nov 26, 2012 7:22 AM
4on my return from Karkhov one aimed the radar gun at me way out of the 30km sp when He stopped me and demanded straafe I said Niet straffe he was taken aback and aksed who I knew in Kharkov. I know General Voloschuk I reiterated and he trembled in fear and let me through niet straffe. I was referring to my friend Anna who was a top model grandaughter of one of the generals that took Berlin,Far more frightening than her grandfather she cannot go back to Ukraine as she is over 30yrs old and at 30 the state sends them a packag and when they open it it is a housecoat curlers and slippers and they overnight they becomeBaboushka frigtening stuff eh so never marry a Ukranian woman beautiful at 20 and once they pick up the states parcel a nightmare overnight.
Before 30 yr old Ukranian woman
31 yr old Ukranian woman
although your partner looks more Italian or romanian than Ukranian
(4 star Hotel)
From US$88.00 per night
(4 star Hotel)
From US$168.25 per night
(4 star Hotel)
From US$197.33 per night