We beg to differ.
The behaviour of a large complex system like the Philippine economy cannot be described using the preferred indicators of a world economic body that mainly represents the interests of the global private sector. Even less credible are people who rely on the much-vaunted Gross Domestic Product (GDP) metric as the kernel of their efforts to…
Read More “Noynoy Aquino’s WEF ‘harvest’ in Davos: Where are the results?” »
Following the landmark decision coming from the Senate court trying the impeachment of Chief Justice Renato Corona to uphold a Supreme Court restraining order on the opening of Corona’s dollar accounts, much attention has now been directed to the Philippines’ “archaic” bank secrecy laws. According to also secret United States embassy cables revealed by Wikileaks,…
The Philippine banking system is out of luck. Trust is the key component of the social capital deficit that saps Philippine society of the substance and conviction needed to do things properly and aspire to greatness. Even as the honourable statesmen of the Philippine government debate its definition, the broader swath of Philippine society consistently…
Read More “Ill-gotten evidence used to prove ill-gotten wealth” »