Skip to main content

Econ Cha-Cha Opponents Have No Choice Because Foreigners "Unfairly" Own the Means to Produce Equipment?

Bulatlat

In 2022, I wrote an article about anti-capitalists having no choice because the capitalists hold the means of production. Recently, I've been raising the issue, "Are you sure your gadgets are all imported?" Instead of falling into silence, they throw the mockery, "Oh no! Not the gadgets question again!" They would go as far as to say, "We have no choice but to use imported equipment because foreigners own the means to produce foreign equipment!" Oh, that's a very brutally honest answer!

They might say that buying imported equipment isn't exploitative. Then I say, "If you can have a MacPRO and an iPhone, why don't we let Apple do more than open Apple stores. Why not let Apple have a factory in the Philippines?" They might shout out, "You're letting foreigners do business here, run away with the profit, and leave us poor? Only they will get rich (read rebuttal here)!" They'd throw in as many childish insults, hoping I'd get mad, and when I lost my cool, they'd play the poor innocent victim. I could explain that if Apple produces its goods in the Philippines--buying an iPhone would be cheaper because of lower costs. They'll still argue that MNCs are invaders (read rebuttal here). They'd say they have no choice but to use the shiny new iPhone (as if there aren't other alternative brands and nobody is forcing them to buy it) to tell people that MNCs are exploitative, that they'd run off with the profit, enslave Filipinos, and that economic charter change means selling the Philippines to foreigners.  

The logic fails on many levels. Buying these imported equipment from MNCs empowers the people they hate. It's often allegedly said by Karl Marx or Vladimir Lenin (who ironically introduced the New Economic Policy) that the last capitalist they'd hang is the one who sells them the rope. However, Lenin introduced the New Economic Policy (NEP) which introduced a state-controlled free market, which may have been the basis for Doi Moi in Vietnam. Today, Vietnam uses Doi Moi where the Communist Party of Vietnam (CPV) attracts FDIs. Why would they buy equipment from the one whom they intend to hang? Shouldn't they just steal their equipment or make their own equipment? This makes you wonder if opponents of FDI have their own agenda? Just think that Atty. Teodoro A. Casiño was last seen with an iPhone. Rosario Guzman uses a MacPRO laptop. If I were leading a revolution--why would I buy equipment from the same person I hate? I would rather steal the equipment or make my own equipment! 

One must ask, "Why did they purchase an iPhone and a MacPRO?" If they participate in capitalism simply to survive--they need to answer that. They have some choices between the more affordable models and the luxury brands from Apple. If I were them, I'd preferably purchase any non-luxury phone and laptop over Apple. I might purchase Huawei, Samsung, Sony, or Xiaomi laptops and phones instead of Apple. They must answer if Apple ever forced them to buy Apple products when there are more affordable brand choices. In capitalism, they have a choice between Apple and other non-luxury brands. 

This statement may have caused Nguyen Duy Cong aka Doi Muoi (who died in 2018) and Deng Xiaoping to turn things around. Maybe, one day Do Muoi and Deng found out, "Shoot! We can't keep up with this? Why not invite the manufacturers of imported equipment to manufacture in our country instead?" Deng went to the USA and said, "China is now open for business." Do Muoi introduced various reforms. It's because they've had enough of the contradiction. True, China and Vietnam still operate under a Communist form of government. However, their progress under the two great leaders was because of pragmatism. Doi Moi reforms and Socialism with Chinese Characteristics were clever economic plans, despite being set by Communist governments. They did the right thing by inviting those foreigners who made the equipment into the country. 

The results of letting foreigners who own the means to produce equipment, invest in one's country became better. It's because FDIs are still regulated by the state even if they don't need a local partner. For Vietnam, there's a more flexible joint venture in some areas such as agriculture where an investor can start with 30% and own more than 50% of the capital - as long as it teamed up with a state enterprise. Vietnam allows other FDIs to own 100% of their shares in most industries. That makes me ask the question of when will opponents of economic charter change see their own hypocrisy? Maybe not if all they care about is feeding their ego. 

Popular posts from this blog

The OFW Working Abroad and Their Family on Christmas

It's a few days before Christmas. I don't like December because of heavy traffic, some people prefer Christmas shopping at the last minute (since procrastination is a common habit in the Philippines), the stress of year-end work, and December is the end of the year's cycle. I decided to write this entry. There's nothing wrong with celebrating Christmas or having a good time. The problem comes when one celebrates beyond one's means (read here ). That means having extravagant Christmas parties that require a music band that one can't afford, inviting the whole village, etc. when one can't afford it. Speaking of which, these incidents remind me of OFW families. I remember a study presented at the University of San Carlos. If I remember correctly, it was done by accounting students. It was a study showing the spending habits of OFW families. Outstanding Filipinos Worldwide Facebook Page Here's a meme on Facebook that I found. For the sake of non-Tagalog spea...

Filipino Manufacturing's Golden Age ENDED Because of the Filipino First Policy

Here's a picture from the Dose of Disbelief Page on Facebook. Here's something that it wrote: Filipinos once trusted locally made products more than imports. Before World War II, the label "Made in the Philippines" carried prestige, not stigma, reflecting a strong sense of national confidence in domestic production. Local products such as shoes, cigars, textiles, furniture, and food were often preferred over imports. This preference was rooted in the belief that local goods were better adapted to local conditions, tastes, and were often of comparable, if not superior, quality. This period showcases a strong historical era of consumer nationalism and thriving local industries. We need to look into the context of Filipino history  If we look at the Philippine history timeline , we must account for 1935-1940, during which the Philippines was under the Commonwealth government. Independence was declared from Spain on June 12, 1898. However, there was a transition period w...

Having the BADLY NEEDED Tenacity to Hold My PSEi Related Investments During INEVITABLE Paper Losses

I decided to do a portfolio review, especially because Christmas to New Year is around the corner . I thought about checking my AXA Chinese Tycoon Fund. For the sake of confidentiality , I wouldn't give out the exact loss. I was tempted to sell my AXA Chinese Tycoon Fund (which was at a paper loss , not an actual loss) and go for cryptocurrency . However, after looking at the ghost of Quadriga-CX Crypto Scam  made I said, "I need to stick to what Warren Buffett said about the stock market." Buffett's advice doesn't require an MBA or even a PhD in business administration to understand them. Instead, I was looking at these lessons that Buffett such as: If I'm not willing to open to own a stock for 10 minutes, I shouldn't think of owning it for ten years! Definitely no day trading for me! The stock market is a device that transfers money from impatient people to patient people. I have to be more patient as the stock market inevitably corrects itself, unless t...

External Validations, like Masters and Doctorate, Mean NOTHING with a LOUSY Education System

I have the tendency to use my MBA as a license to avoid criticism. It's a real problem that some people use their credentials and/or academic achievements to try and win an argument. One incident I wrote about was Rep. Raoul Abellar Manuel flexing his "smarts" by using his cum laude degree to win the argument . It was all about how I would often say, "You're the moron because I have the MBA and you don't." There are times I felt like taking an MBA would make up for my "moral shortcomings" during high school when I was barely passing (and the passing rate was 80% , which is rather high), that I wasn't having honors, and that there was this saying, " Thou grades shalt determine thy future! " That, of course, has led to the reality where cheating is prevalent .  I wanted to make a review. I took my MBA in 2011 and graduated in 2014. I always felt that the MBA program was what I needed to become "invincible". It was also at ...

COMMUNIST Vietnam Has Defeated DEMOCRATIC Philippines Again This 2025

Cổng thông tin Trung ương Đoàn TNCS Hồ Chí Minh A few days ago, I wrote about warning Filipinos that they shouldn't wait for more unmitigated typhoon disasters, before realizing that the Filipino First Policy isn't working ! There's a statement that says, "Just because being tanga (inattentive) is libre (free), doesn't mean you should be tanga!"  Analyzing the different policies: why policies  matter I found a Business World article, written by Cesar Polvorosa, Jr., on my Facebook news feed discussing the Vietnamese economy . In fact, it would be better to share some hard truths that the article offers about what really went wrong with the  democratic Philippines compared to Communist Vietnam : DIVERGENT ECONOMIC MODELS  Vietnam pursued an export-oriented manufacturing strategy which has proven significantly more successful over the past half century than the Philippines’ service-heavy, remittances-dependent model . Export performance alone tells a compe...