We beg to differ.
The source of wealth in capitalist economies is typically considered to be the ownership and control of productive resources, such as land, labor, and capital. These resources are used to produce goods and services that are sold in markets, and the profits generated from these sales accrue to the owners of the resources. In this…
Poverty can exist in a free market economy, as it is a complex issue influenced by a variety of factors such as income inequality, lack of access to education and job opportunities, and government policies. Supporters of free market economies argue that they create wealth and increase economic growth, while critics argue that they can…
Read More “Can’t afford onions? Welcome to the free market we all signed up to!” »
Over the recent months, the Philippines had been experiencing consistent economic growth despite global uncertainties, which range from supply chain bottlenecks to geopolitical tensions. If it continues along that trajectory, the Philippines is expected to join the upper middle-income tier group during the Marcos Jr. administration, where the country will eventually become a burgeoning USD…
Read More “Economic pitfalls that the Philippines must avoid” »
If there is one word in the dictionary that has been greatly maligned, vilified, and tormented in world history, it would be capitalism. Various political and economic theories, together with their believers and practitioners have continuously despised capitalism, but haven’t construed anything pragmatic without capitalism’s wealth generating ability. Naysayers misconstrue the reality that in the…
Read More “How to make capitalism work in the Philippines?” »
A number of weeks ago, Filipino netizens reacted explosively towards Ilocos Norte Representative Sandro Marcos’s comments regarding the weakening Philippine Peso (PHP) against the US Dollar (USD). Quoting the neophyte congressman, “The peso is weak, not because that it is weak, but because the dollar is strong.”. These words became meme fodder for Filipino netizens,…
Read More “Does a weakening peso mirror weakening economic fundamentals?” »
More than a hundred days had passed since Ferdinand Marcos Jr. became the country’s president after his unprecedented electoral victory. As the country’s chief architect of foreign policy, the Marcos Jr. administration has embarked on various foreign travel commitments last September. His first destination was Jakarta, where he met Indonesian President Joko Widodo and discussed…
Read More “Marcos Jr.’s foreign policy mirrors the Philippines’ realpolitik” »
“An army marches on its stomach.” is one of Napoleon Bonaparte’s most popular quotes. Even with his prowess as a highly capable commander and strategist, the French emperor himself had recognized that a country’s military power projection greatly relies on its capacity to feed its armed forces. With France as the most significant great power…
Read More “How should Philippine food security be addressed?” »
With the Kremlin’s aggressive actions in addressing their grievances regarding Ukraine, numerous countries slapped sanctions against Russia. These economic sanctions imposed on Moscow are complex, where portions of the Russian economy in the sectors of agriculture, manufacturing, and services are being castigated. In addition, the aforementioned sanctions don’t only come from other foreign governments, but…
Read More “Economies of the Philippines and Russia share a common denominator” »