We beg to differ.
Once again, the Philippines finds itself unprepared in the midst of supply chain shocks rippling from the war waged against Iran by the United States and Israel. A foolish dependence on imported fuel and the remittances from workers in the Middle East, as well as spiralling foreign exchange rates now work in confluence to put…
Read More “The Philippines reels from yet another global “crisis”” »
One would think so. Over just the last seven days, Rappler and its hipster “journalists” seem to be all-hands-on-deck kicking up a media frenzy over the gutting of a renowned global ATM machine; the United States Agency for International Development (USAID). The Philippines, after all, is dependent on an umbilical cord that delivers cash from…
Everywhere you look — physically or conceptually — in the Philippines and you find systems and solutions that cannot scale. The most famous of these is the jeepney. The jeepney “system” (if you can even call it a system) is a public transport solution that requires more labour input with every unit of capacity expansion….
No they don’t. If that were true then we may as well ask if Singaporeans work ten times harder than Filipinos seeing that their per capita income is ten times that of the Philippines. As a matter of fact, billionaires and Singaporeans work less than the average Filipino. For that matter, rich people work less…
Read More “Do billionaires work a billion times harder than ordinary people?” »
Sure, it’s possible to boycott Chinese products. But you’d first need to invent a time machine. You’d have to bring the Philippines back to a time when it had no more than a third of its current population. You’d need to find the sweet spot in its history over which it mined, grew, and made…
Read More “Is it even possible to “boycott” Chinese products?” »
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…
“Minimum viable product” is a term that’s been used and abused in the Philippines since time immemorial. It’s synonymous to a term more familiar to Filipinos: pwede na yan. Indeed, two Inquirer pieces today, pontificating on the recent Air Traffic Control “crisis” that rocked Manila’s airport, allude to it but stop short of delving into…
Read More “How the Manila Air Traffic Control fiasco mirrors Filipino society” »
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?” »