Sunday, December 14, 2008

Gift giving

Now, as Christmas draws near, we see the usual barrage of gift giving and crazed shopping. As retailers love to advertise, giving gifts to people are a sign of how much you value them.

But is it really necessary to give gifts to friends?

We always value the intangible things of friendship more than the tangible - a listening ear, a shoulder to cry on, a helping hand in their times of trouble. These are unique things about friendship that cannot be found anywhere else. If not, then it wouldn't be friendship anymore, but rather a parasitic relationship.

Opportunity cost also factors in here. Will giving an expensive gift make the person happier? Usually not, particularly in our consumer society. And for us students, should we be spending our parents' hard earned money so easily?

Given that, I don't think I'll be giving the retailers much business this Christmas.

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