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Neopia's Fill in the Blank News Source | 31st day of Hunting, Yr 22
The Neopian Times Week 19 > Neomarket Report

The Neo-Market Report

Once more, it’s time to visit Neopia’s foremost financial analysts. Joining our hosts this week is Wesley Juniper of Consumer Rights Now! Wesley will be discussing some of the issues facing Neopian shoppers today. And now, here are Neil and Maria…

KAUVUTO: Hello and welcome to this week’s edition of The Neo-Market Report. I am your host, Neil Kauvuto, and as always I’m glad to be joined by my co-host, former Portfolio Manager of the Eyrie High Flyer Fund, the one and only Maria Blumaroono, who’s at the News Desk with the latest returns from the floor. Maria, we know things have been pretty tough for the Neopian economy lately; has it gotten any better?

BLUMAROONO: Well Neil, I’m afraid that things have only gone from bad to worse, as the Neodaq followed up last week’s thirty-one point plummet with another decline, this time a staggering eighty-three point plunge. As consumers continue to tighten their belts, investors have seen the value of their portfolios wither. Among those taking the biggest hits this week is Jacko and Sons, whose CEO, Jacko the Scorchio, couldn’t believe that investors have shied away from his company. “It’s amazing to me,” Jacko was quoted as saying, “We’ve put out a lot of really good products lately. I mean, the Christmas Petpet Paint Brushes are selling like wildfire. So what if we went a little over budget while developing them? In the end, the profits will be there. It just takes time, that’s all.”

KAUVUTO: Another company that has recently stumbled is The Shoyru Company, who were forced to cancel a handful of shows from M*YNCI’s upcoming “NeoGroove” tour, after one of the group’s members, Lumpee B, sprained his knee during rehearsals. When asked about the status of the tour’s remaining dates, The Shoyru Company’s Lou Poogleman said, “First of all, I’d like to apologise to M*YNCI’s millions of fans. We understand how sad you are to hear that M*YNCI may not be coming to your town. However, you must understand that in this situation, Lumpee’s health has to be the first priority. I assure you that, as soon as he’s back on his feet again, M*YNCI will return to the road, ready to wow audiences across Neopia with their tight harmonies and dazzling moves.”

BLUMAROONO: Well Neil, one person who’s kept a keen eye on the Neodaq’s recent miseries is our next guest. As the President of Consumer Rights Now!, Wesley Juniper has been a leading consumer advocate for a number of years. By taking on giants like Chia Steel and Shoyrux Enterprises, Juniper has gotten a number of reforms enacted, helping to ensure that Neopian shoppers receive a fair shake from big business. Wesley, thank you for joining us today…

WESLEY: Maria, I’m honored that you would invite me to appear on The Neo-Market Report. It brings me great pleasure to be here…

KAUVUTO: Lately, you’ve been very outspoken about the prices in many of Neopia’s shops. Could you tell us about your concerns in that regard?

WESLEY: Here’s the thing, Neil. Market value is supposed to be determined by supply and demand. I mean, if everybody in Neopia wanted a certain item, but there were only a handful to go around, then the price would skyrocket. By the same token, if Neopians have decided to cut down on their expenditures, and not buy huge quantities of that item, then the price should drop, right? Well, here in Neopia, that just isn’t the case. Because of the struggling economy, shoppers have been, by and large, quite frugal lately. And yet, we haven’t really seen the prices go down. This isn’t supply and demand… this isn’t the market dictating value… it’s collusion—a conspiracy to keep prices inflated, and it’s not right. What I’m saying is that this sort of price fixing should not be tolerated!

BLUMAROONO: Now, another one of your concerns has been the practice of outsourcing, particularly by manufacturers such as Chia Steel…

WESLEY: Well, they’ve certainly been one of its most blatant practitioners…

BLUMAROONO: Could you explain outsourcing to us, and then tell us why you’re so dead set against it?

WESLEY: Outsourcing is when a company (for instance, Chia Steel), decides one day that, “Hey, our workers in Neopia Central are making too much money.” So what do they do? They fire their loyal employees, many of whom have worked there for years, if not decades, and then they move their manufacturing plant to some underdeveloped region, such as The Lost Desert, where their new employees are willing to work for much less than those who were fired. So then, you have a situation in Neopia Central where, once the company’s gone, you have thousands who are unemployed and turning to the Soup Kitchen for help. And the new employees, they’re just happy to have what they consider to be a high paying job, not realising that, five or ten years down the road, the cycle will begin again, and this time THEY’LL be the ones having Omelette and soup for dinner. If we really want this cycle of exploitation to end, then we, as consumers, need to do our homework, and boycott the companies who are responsible for outsourcing. If we can hit them where it counts, in the wallet, then I’m sure it won’t take companies like Chia Steel very long to stop abusing their employees this way.

KAUVUTO: Well, that’s all the time we have today. For Maria Blumaroono and Wesley Juniper, this is Neil Kauvuto saying thank you, and so long….

Check out previous Neomarket Reports:
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