We beg to differ.
Apparently the Philippines has a USD3 billion market for liquor which the United States and European Union are salivating over. Now under a ruling by the Geneva-based World Trade Organisation, the Philippines will be forced to lower taxes on imported liquor. Before the ruling, local distillers enjoyed a tax regime favourable to them even as…
Read More “Philippines forced to open market to imported liquor” »
Last weekend Governor Joey Salcedo of the Philippine province of Albay issued what on the surface looks to be a ludicrous proposal — that Filipinos “boycott” Chinese-made products. Salcedo made this call to Filipinos to “hurt [China] where it counts” in light of recent military and diplomatic tension between the Philippines and China over the…
Read More “Philippine-China conflict: How did we come to be so dependent on Chinese imports?” »
Entire generations have been indoctrinated in the concepts of hooking up to the bigger global market rather than maintaining local self-sufficiency. Even the United States with its decades-long wanton “outsourcing” binge ultimately shot itself in the foot. It created manufacturing powerhouses like China that are now racking up surplus upon surplus while globo-“sourcer”, the US,…
We give too much credit to China for the industrial-commercial challenge it now poses to America and the rest of the West. But if we step back to the bigger scheme of things, we’ll be able to trace back much of the prosperity we see in China today to its ultimate origins — the intellectual…