Business & Economics Perspective Blogger

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...

GMA News When it comes to constitutional reform, I'm afraid one of the worst sources quoted would come from the Makabayan Bloc. Some people I face who are so against FDI also want to end the OFW program. The solution comes out rather absurd, as the Philippines must have its own state where it's all beg and beg . It would be like: "Free education for all! No to FDI for schools!"  "Free lunch in school!" "No to open FDI! The government must fund our local production!"  " Increase the salaries, lower the prices of goods! " (which is just plain bad accounting ) That's just a few of the crazy demands that have been given! My favorite question has always been, "Where will you get the funding?" The usual answers can be: " Print more money! " "The government should just make it a law!" "Tax the rich all the more!" which can often be accompanied by, " After all, it's the fault of the rich that p...

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...

Vietnam National University, Hanoi Kabataan Partylist, is that you? No, it's actually the Ho Chi Minh Communist Youth Union (Đoàn Thanh niên Cộng sản Hồ Chí Minh), or alternatively, it can be called the Vietnam Youth Union . The color blue may remind some of Kabataan Partylist. Both Kabataan Partylist and the Vietnam Youth Union are involved with recruiting youths into the organization. However, there's a crucial difference between Kabataan Partylist and the Youth Union in how they view economics. The  Kabataan Partylist Laguna's blog  even writes this: It believes that the Philippines, as a semi-colonial and semi-feudal country, is plagued by a system which allows foreign and big business interests to dominate, while the majority of our countrymen are left poor and hungry . We are living in a society where foreign subservience, peasant landlessness, and rampant corruption are the top three ills. To that end, Kabataan Party-list strives to galvanize the Filipino youth in u...

It's October 2024 and I had no topic to write about a few days ago. Today, I decided to write about how using personal attacks is a common tactic . The use of Ad Hominems or personal attacks is attacking the person instead of the argument. Such people don't care if they contradict themselves--as long as they can insult because they're losers . One of the things I noticed is how I discuss the laws of economics. However, I can get an answer like, "Muh supply and demand! Da conspiracy of supply and demand!" I purposely misspelled the words to show how the person's lack of knowledge and use of mockery. Such persons can repeatedly hurl insults like saying I'm stupid, room temperature IQ, fake IQ, traitor to my fellow Filipino, etc. The list can go on and it's both amusing and irritating to recall every bit of insult I've had. But as advised, I'm told to learn to ignore insults  or laugh at them. An anonymous quote, probably said by Socrates was, ...

Looking at the IBON Foundation's page can be laughable . One may notice Atty. Neri Colmenares, someone who fortunately lost the senatorial race twice . I remember arguing about people who'd believe in the lies that Colmenares would propagate about FDIs. There's the call to stop water privatization (the call for the nationalization of the water industry) and the constant opposition to allowing foreigners to own 100%. Do they even get that 100% FDI ownership is all about share ownership and not land ownership ? As the summer heat intensifies due to the El Niño, I decided to write this entry. A good question to ask now is, "Would you rather die of thirst or a heatstroke than accept quality water and electricity services from MNCs?"  What organizations like the IBON Foundation and Migrante International insist is on national industrialization over the acceptance of FDIs. The question is how do they expect to industrialize the nation based on doing everything on their ...