Shaun T. Dy's Business & Economics Perspective Blog

Anti-Snowflake Squad Facebook Page I was checking across Facebook and noticed some idiots complaining about Jollibee acquiring companies. The same idiots turned out to be anti-FDI--the same group that converses with Porky Madugo and Mukhang Adik. As usual, I will not directly link the idiots (or even reveal them directly, they will reveal themselves) to avoid giving them clout. Here's a statement by Porky that may make anyone wonder if (1) he knows he's lying (which I think he is for some self-serving reason ), or (2) he doesn't know what he's talking about: The monopolization of business ruins the business. It degrades the quality of the business of a product.   If you think monopolization is good, that's stupidity. It kills the competition and it kills the business.   Well, as old saying goes: "capitalists are the only one will destroy themselves." Since when did capitalism mean killing competition? Isn't Porky supposedly a die-hard Communist? In the

What happens is that the traditional Philippine education system focuses too much on  monuments of fame rather  than learning milestones . It reminds me of the incident where Rep. Raoul Abellar Manuel stressed out he was a cum laude, and that he's not stupid. I feel this is a microcosm of a much bigger problem that happens with the education system. I'm not going to deny that going to the University of the Philippines and graduating summa cum laude isn't an easy feat. However, I wrote an article on what's the use of being a summa cum laude when one opposes badly needed reforms . It's because whether we want to admit it or not, schools focus too much on the ability to memorize without also focusing on the ability to understand . Memory is also the least reliable tool.  It would be time to continuously attack the problems of the education system. I felt shamed back then because students were often told, "Your grades will determine your future!" In college, I

Yesterday was the birthday of former president Carlos P. Garcia, who died in 1971. Garcia is often associated with the Filipino First Policy. Back in the 1990s, I remember how Filipino First Policy was taught in values education classes --never mind the glaring contradictions. The contradictions are that imported equipment was used, or that we can literally never escape the use of imported equipment. I wrote an article discussing why Garcia's Filipino First Policy has no place in the rising Asian Century . I haven't done academic work right now, having been disgruntled by the Filipino education system. Sadly, not even graduate school taught me the basics of stock market investment (such as equity funds) or how Cash 2 Go works. That's why some people say, "It's just a degree!" I often said, "Well your doctor went to college, your lawyer went to college, etc." However, it looks like a college degree may not be for everyone, under K+12!  Some people are