Wednesday, June 07, 2006
Expensive Commodities: World Cup

When it comes to commodities Maldivians have very little restraint as to how much they are willing to spend - regardless of the quality of the merchandise. Businesses know this all too well, and they are ready to exploit the hottest commodity coming to town: the FIFA World Cup.

I have learned that the World Cup is so hot that the nation's only TV channel is able to sell the advertising rights to each game at a price of nearly USD 7000. That's almost a total of half a million dollars for the whole tournament. The only return for enterprises investing this money is the potential growth of their respective businesses. Yes, my eager reader; USD 500,000 blown on a football competition for no monetary benefits whatsoever.

What can half a million dollars do, you ask?

  • Half a million dollars can set up a decent school for teaching a (single) bachelor's programme in computing with the capacity of 20 classes of 10 students each, AND cover all overheads incurred through a period of one year
  • It can cover the current overheads of any secondary school in Male' (Maldives) through a period of 2 years
  • It can account for a month's payroll for all government staff of the Maldives along with a 50% increase in all salaries
  • It can buy two Porsche Carrera GTs (one of the fastest, most expensive cars in the world)
  • It can buy two 3-bedroom suburban properties in Australia
I just wonder what percentage of people of the World buy Porsche Carrera GTs. From when two (or was it three?) Jaguar R Types (what about the Corvette, BMWs, Mercedes, etc?) were brought into this country, the indigenous buying-power ratios went topsy turvy.

When will Maldivians learn to prioritise (ie. education before Porsches)?

4 comments:

moyameehaa said...

ehmmm....nice!...now i've started to like your blog (more)...more fact...than just rants and stuff!

Anonymous said...

i agree with you. my sentiments exactly. sigh... maldivians seem to lead such a superficial life...

M said...

There's no point living, if you can't feel alive.

Besides, it helps bring about world peace. We should encourage more people to run around kicking round objects pointlessly.

And it's not called football. It's called soccer.

rxs said...

f**k u M
and the other M too!