Business & Economics Perspective Blogger

The real issue isn't that something is old or new. Instead, if something old or new still works, or doesn't work! Many modern laws are built on some ancient principles, while adjusting to the current times!  The Constitution of Japan is actually older than the 1987 Constitution of the Philippines. However, it's more effective for the reasons that (1) their constitution is silent when it comes to regulating economic activities (ex., protectionist measures), and (2) it's a parliamentary system. Honestly, it's a pretty straightforward constitution compared to ours! As Mahatir Mohamad turned 100 today, I would like to raise up Atty. Hilario G. Davide Jr. once again. The problem isn't Davide's age but his unwillingness to embrace change when needed (read here ). This time, it's time to bring up a contrast between wise old people and unwise old people. A young person can be right where the old person is wrong. A young person can be wiser because he or she lea...

A few days ago, I got a system-generated message from Toyota. It was all about that service campaign, which I already did a month ago. I called Toyota Mabolo and they apologized for the inconvenience. It turned out that it was a system error. I discussed nicely with the services how AI services like ChatGPT are merely tools, not ones that can do your homework. It's because AI in itself is what it is, artificial intelligence . In short, it's not real intelligence! I don't know how true this is. Earlier versions of Google AI allegedly put the actress Anne Hathaway's photo, instead of a painting of Anne Hathaway, married to William Shakespeare. Google puts the disclaimer "AI responses may include mistakes". That's why I don't subscribe to ChatGPT or any AI services. I don't use AI responses as sources. Instead, I check out the links given by the AI response. However, when I'm not satisfied, I check for more links . It's because the Internet is...

A few years and some months back, I wrote something about how the Filipino First Policy may have influenced Filipino Time . However, after having a strange dream last night, a part of my high school memory was triggered. I haven't seen either Filipino subject teacher for some time. I was thinking about two books which I wished I still had-- Noli Me Tangere and El Filibusterismo . It reminds me that people tell me that I should follow Jose Rizal's example over Andres Bonifacio, that if Rizal wanted war, he would've made Simoun's deadly plan succeed in El Filibusterismo .  This time, I'm going to talk about the "Filipino Time" double standard. Let me remind you, I believe in Philippine time . I don't want to call tardiness "Filipino Time", call it simply being inconsiderate, rude, dishonest, no word of honor, etc. It's because when you don't show up on time, you're a liar! Calling it Filipino Time may encourage the practice of being...

Today is the second death anniversary of Shinzo Abe, the former Japanese prime minister. It's a sad fact that Abe died so soon via assassination. This reminds me of a certain fool on Facebook (who's got a strong anti-Marcos rhetoric) who said, "We don't need 100% FDI share ownership. We just need strong leaders like Shinzo Abe!" The same fool had already blocked me on Facebook. I want to really dance for joy when it happens. As I examined his logic, I found that many Filipinos still misunderstand the lack of FDI inflow. Of course, some keep talking about the late Benigno Simenon C. Aquino III, as to why there's no need for constitutional reform (read here ). However, relying on past successes as not to improve anything in the present, will murder any more chances for future successes. There's a real problem with the statement. One needs to take a look at the Constitution of Japan . Some might argue that it's actually older than the 1987 Constitution of...

Yes, Thomas Sowell is a former Marxist . That's probably why commie hippies call him all sorts of degrading names, without otherwise proving him wrong. It's because insults are the losers' tool to win. Fast forward, some people advocate that the government should be the one to provide everything. Groups such as those belonging to the Makabayan Bloc (such as Kabataan Partylist) or IBON Foundation still advocate for the Philippines to "industrialize on its own".  Others think that the government should continue subsidizing costs, as it was in the "good old" first Marcos administration. Some people talked about how "cheap" things were during the First Marcos Administration, never mind that the country was already sinking due to massive debt . Yes, the First Marcos Administration was a highly protectionist regime . Don't believe what IBON said (and take what they say with a grain of salt ) that the first Marcos Administration was neoliberal. No...

Here's another art I found on Facebook. Some time ago, I wrote about how the 60-40 policy may not prohibit, while still discouraging FDIs from entering . It's plain common sense, really, that nobody would want to rent a space if they had to part with 60% of their net profits to the lessor (read here ).  It annoys me to think that certain Netizens on Facebook are still blaming government corruption over the 60-40 policy. That can get annoying. I can link the 60-40 policy to government corruption . After all, corrupt officials want to perpetuate their stay in power through an ignorant and impoverished population. However, blaming corruption alone is really downright stupid. Some say investors are going to Communist Vietnam because the Communist Party of Vietnam-Vietnam People's Army is serious about cracking corruption. However, the reality is that, ironically, Communist Vietnam has more reasonable economic restrictions compared to the Philippines (read here ). Only a few sec...