4/09/2008
Another ugly case of monopoly
Nets charging $5 not refundable for a new card that has an expiry date. First, why must there be an expiry date if the card is in good condition? Many people bought more than one card, some kept as spares and hardly used. Secondly, is the $5 justified?
Why allow only one organisation to monopolise the sale of such a card to the public when usage is almost unavoidable or near compulsory to some? Shouldn't there be some control or regulation over such a monopoly till alternative suppliers are in the market?
It is like asking car owners to take MRT when there is only one MRT while better alternatives are not ready or available other than the snail buses.
What to do? We have only one choice in everything, be it electing the President or taking public transport.
ReplyDeleteSome people were in fact asking, years ago, about the card deposit which were placed with a bank and earning interest. Who benefitted from it?
So, to resolve the issue they probably thought it is best to have an expiry date for the cards and no one will have any reason to ask about the deposit. Brilliant isn't it.
It's happened!
more brilliant is that if there are 2 million cards out there, at $5 a piece, you can collect $10 mil every 5 years.
ReplyDelete> Why allow only one organisation to monopolise the sale of such a card to the public when usage is almost unavoidable or near compulsory to some? <
ReplyDeleteThis is great question to be asked of parliament, and asked over and over again until the state gives a reasonable answer. (if at all the govt ever answers "reasonably")
> Shouldn't there be some control or regulation over such a monopoly till alternative suppliers are in the market? <
No, because I never believe the word "until" when it comes to legislation. If one is going to make legislation, why waste time in making regulation? Since you are already going to do it, just legislate the monopoly away. It won't be long before competing systems emerge. The banks will jump at the opportunity, for example. Even if they come in at $3, that's a lot of cake there.
if you dun want to pay the $5, then dun take the trains.
ReplyDeleteI am also puzzled as to why one needs to pay $60.00 to replace an old Identity Card. It is something that one had carried in his wallet for the past 25 years. We have to have it with us at all times, and oftentimes security guards, government officials and other organizations require us to take it out for checks and run it through their machines. We all know that plastics will deteriorate after some years from exposure to sunlight. Paying $60.00 is a bit too much to pay for something that is no fault of ours.
ReplyDeleteIf 4 million people here pays $5 every 8 years to get a new transitlink card, SMRT wud collect 1/4 billion over their lifetime; and if everyone changes their ic twice in their lifetime, the card issuing authorities wud rake in 1/2billion dollars, without risks or marketing budget.
ReplyDeleteit is another way to keep the economy vibrant. just like buying cars. every 10 coe expires, must get new one. or in practice, every 3/4 years, change cars.
ReplyDeletethen cars in very good working conditions got scrap in less than 10 years.
EZlink cards are not issued by SMRT, but by a company owned by LTA, it can be used for most public transport.
ReplyDeleteWhy call the $5 a deposit when it is not what it is? I tell you what I would do. Just before my 2 cards expire I am going to use up as much of the deposit as possible. At least they cannot take away all the $5. I believe the expirty date is on the receipt given when we top up the cards.
ReplyDeleteApparently this "monopoly" has extended it reach beyond bus and train fares. Doesn't 7/11 accept EZ Link as currency to pay for purchases?
ReplyDeleteJust for all to know -
ReplyDeleteHK also has the Octupus card (or MTR card, MTR being Mass Transit Rail) which is widely used by the general public for different kinds of purposes including public transport, retail payment, access to condo compound etc. Yes, even as security access for condo...!
There's totally no confusion as only 1 card is used. It may be 'monopolised' by MTR Corp, the issuing coy but it's totally FREE and there's NO EXPIRY!!
(my own card is 8 years old and still being used)
Sure, nothing is free, but at least MTR recover the cost of the card indirectly thru usage. But it certainly make me feel good that I don't have to 'PAY' for the 'freehold' card!
A tourist can also use it immediately without rifling thru any instruction manual or conditions. After his last trip, he can easily get the refundable deposit at ANY MTR staff counter.
Co0nvenient, efficient, hassle free, no smashing of cars, and totally no confusion or headache.
I really don't understand why S'pore, home of the super-efficient & super-effective, can't adopt the same approach!! Simple matter that don't require parliamentary approval.
BH
i noticed in singapore, they like to charge things whenever they can.. previously they used to charge for driving licence renewals... and they charge the tv licence for free to air programmes, which i heard in some countries like china are free...
ReplyDeleteThere is no such thing as a "free" economic good.
ReplyDeleteThe cards and licenses are produced by HUMAN BEINGS. And also require other resources like plastic, paper, ink etc. - again all produced by humans.
One the one hand people on this blog complain about themselves not earning enough to cope with the increasing costs of living.
Then all of a sudden you get the ideas that it is somehow "immoral" to charge money for a good, implying that the people making the good should do so for free—and therefore not get paid.
Contradictions, folks.
hi BH,
ReplyDeletethanks for sharing. singaporeans are too used to being told and told to pay. they think this is normal and they can't do anything about it. and they accept anything that is thrown at them.
they will wake up one day.
we are talking about monopoly, about competition, about providers that are willing to absorb the cost of producing cards while making from other sources.
ReplyDeleteThere is no such thing as a "free" economic good.
ReplyDeleteIn the case of the free to air programmes, billions were made from the big ticket advertisers, royalties from international markets and sponsors of the many specialty programs, as such the authorities shud tax the tv operators for their landslide windfalls, instead of going after us peanuts.
matilah, you got fucked up reasoning. what you are saying is as good as to say when you go to an eatery for your food you should also pay for your seat becos whoever put the tables and chairs there had incurred some expenses and therefore should not be free. Maybe even the space that the owner rented it should be charged too.
ReplyDeleteYou'll also opt in purchasing a survey scanner if you should happen to feel that you need better probabilities in finding the ore that you would like to mine. This running water will in fact speed up your removal of the water and with a simple flip of the valve can add water to the fish tank. This is still faster than dropping your entire inventory.
ReplyDeleteAlso visit my web page: mining
Here author is giving information on DRDO Tenders and ICFRE
ReplyDeleteTenders for more details visit free tenders site. He spoke slightingly but without bitterness of everything he had written, and
I knew his new book must be very good for him to speak, without
bitterness, of the faults of the past books.
Information regarding different websites that contain large chunk of databases of unclaimed properties and
money are also provided in different newspapers.
The process of printing conditions requires alteration
of flow from a fan or pump. A Christian newspaperis also associated with various charitable institutions and
churches and organizes fund raising events to help and
aid such institutions.
Feel free to visit my weblog: click here
Yeast infection cannot be eliminated if only treated
ReplyDeletewith a one-dimensional treatment like antibiotics, creams, pills, or detox diets.
If so, taking steps like trying to prevent further injury or loss of
blood are the most important thing you can do.
And, for individuals who are eligible for both CLASS and
Medicaid, a portion of the CLASS benefits will be used to offset the costs
to Medicaid. If you suspect that your method has become infected there are a number of points you can
do yourself to try to get rid of the offending application.
Yeast Infection No More Book key formulation component is the 5
step system plan where not a single thing held back.
Look at my webpage ... majoration