Enthroning the consumer as 'king'
It is quite some time
since Sri Lanka began to proceed along the hazard-prone highway
of consumerism but it is an open question whether the average
consumer of this country is really 'king' as he purportedly is
in those societies where the market system is made out to be
fully functional. Over the past few weeks in particular,
irregularities in the provision of some basic consumer items,
such as, fuel and cement, have helped remind us that kingship
for the consumer is hard to come by. Besides, it is questionable
whether our consumers are getting quality for money.
Fortunately for the consumer, the state has not overlooked to
have in place the necessary institutional mechanisms to secure,
to the extent possible, in a mainly free market economy, the
essential interests of the consumer. Ensuring goods and services
of notable quality in a liberalized economy, where regulatory
mechanisms are almost absent, is a daunting challenge and we do
not underestimate the difficulties of organizations, such as,
the Consumer Affairs Authority (CAA). However, the challenge
confronting the state is to keep the essentials of the market
economy in place while looking after the vital needs of the
consumer. This involves tight-rope walking of the most exacting
kind.
As for containing prices, there is precious little the state
could do if the commodity in question is imported and an example
that easily comes to mind is fuel. This is on account of the
uncontrollability of price fluctuations in the international
market. However, much could be done in terms of ensuring quality
for money and here's where state institutions, such as, the CAA
could achieve much for the consumer. Considering all this, the
state is obliged to go to the root of recent scandals, such as
those involving contaminated fuel and below-the-grade cement,
and to bring the relevant wrong-doers to book.
What emerges as obvious when problems relating to ensuring
top quality for money are studied closely is that the state and
its organizations are obliged to constantly and vigilantly
monitor the consumer goods and retail trade sectors, in
particular, to ensure that the best interests of the consumer
are secured. We do not intend to be nostalgic but in times past
when our economy was not considered as 'open', this was done
almost round-the-clock and those fleecing the consumer were very
expeditiously brought to justice. Likewise, bribery and
corruption were also dealt with in a relatively effective
fashion.
We are not advocating a return to the days of the 'command
economy' but the state has no choice but to be firm with crooked
businessmen, traders and the like and their collaborators in the
state sector, if it is in earnest when it says that it is for
protecting the best interests of the consumer. Just yesterday,
we reported the case of a hoarder of cement who was taken to
task by a no-nonsense magistrate. Thus, vigilance on the part of
state agencies pays and it is our hope that things will continue
to remain this way for the sake of the ordinary consumer of this
country.
The recent scandals in the sale and distribution of essential
commodities drive home the point that the common weal could not
be served effectively without the state containing bad trading
practices and institutional corruption simultaneously. The truth
must be faced that corruption has grown in tandem with economic
liberalization and that consumer interests cannot be protected
without something drastic being done about corruption in places
that matter.
Thus, our corruption fighting machinery must be greatly
empowered. It must be mighty enough to net the sharks as well as
the small fry. Besides, such institutions need to be in a
position to do something substantial and effective about
corporate sector corruption too. There is a common tendency to
think of the corporate sector as being above corrupt practices
but this may be a misleading notion, although very many
corporate bodies are without blemish in this sense. However, the
bottom line is that the consumer stands to lose when the cancer
of corruption is allowed to grow. Trade and other sectors of the
economy could very well be liberalized but if nothing is done
about corruption the chances are that inequalities within the
public would grow astronomically, resulting in societal
instability that would be difficult to contain. |