Noynoy Aquino plus the economy: did he do the math?

They say elections are won and lost over the state of the economy and the mind-set of wage earners. Since the Philippine economy has been in stagnation for the last three decades over several administrations, it can instead be said that elections in the country are won and lost over someone dying and the mind-set of the mourners. Just think: Ninoy dying and then Cory winning the 1986 election; Cory dying and Noynoy possibly winning the 2010 election. A second Aquino presidency seems to be in the stars. As such, supporters of the most popular presidential candidate couldn’t care less if future President Noynoy Aquino will institute any radical changes to boost the economy.

Despite the recent financial crisis that hit some major countries really hard, the state of the Philippine economy is not bad but it’s not great either. I say not bad after having just read that Greece declared bankruptcy in the aftermath of an overspending spree. But then Greece hosted an Olympics. The Philippines, in contrast, could not even spend its way out of a power shortage. Consider then how the Philippines has the third-highest rate of remittances from overseas workers in the world. This source of income is not sustainable and highly dependent on other nations’ economic conditions. Filipinos are not captains of their own economic destiny. This needs to change.

A Noynoy Aquino presidency will not by any stretch of the imagination see overseas contract workers packing their bags and coming home. Noynoy’s economic “vision” and non-platform are indicative of how things will continue the way they are. If our population keeps ballooning (as it probably will under a prayerful administration) things can only turn for the worse.

When people lose their jobs, they lose their capacity to buy goods and consume. Usually, it is the luxury items that get snubbed first. Then people go for the cheap on the essential products. Once people forego buying goods, factories start closing shop and more people lose their jobs. This situation is called — what else? — a financial crisis. If you happen to be a victim of a financial crisis, you will have to forego going to Starbucks, skip the latté, and make do with Nescafe Blend 45. Eventually, Starbucks might have to close their shops if this condition is prolonged. There goes the enthusiasm of your investors. Bye bye to much-needed capital.

Perhaps the reason why the Philippines is able to avoid bankruptcy is because we really don’t produce a lot of goods for domestic consumption and we don’t really export much beyond low-value commodities. This means that there aren’t a lot of factories that have to close their shop to begin with. What we do export is manpower. We have no shortage of manpower and fortunately (for now) our manpower is needed in many parts of the world. The downside is that working overseas has many draw-backs. Aside from our society producing an entire generation of children with absentee parents, the income generated overseas does not guarantee a rise in savings rates among its recipients, much less promote or develop businesses in the country.

Even if presidential aspirant Noynoy Aquino together with his party-mates shout at the top of their lungs that they will ensure economic transformation, they cannot perform miracles and create jobs out of thin air. Noynoy cannot force companies to hire those who are unemployed if there is no job vacancy. He needs long-term solutions to create sustainable employment.

The role of the government

In Noynoy’s so-called economic vision and platform, whoever wrote it stated that:

We will encourage free and fair competition in a level playing field. One not need be a crony in order to succeed in the field of business. More importantly, government will not compete with business. Nor will government use its regulatory powers to extort, intimidate and harass.

Quite simply easier said than done especially since, as they also acknowledged in the same vision statement:

There is a widespread perception that success in the business milieu can almost be directly correlated to your closeness to the powers-that-be. Because of this, some players in the industry are forced to focus their activities on maintaining relationships in order to retain the favors that they receive in exchange for cultivating that relationship. This has fostered the wrong kind of competitiveness.

How does he plan to change this perception to begin with? Does our culture encourage healthy competition at all? How does he propose to overhaul the systematic abuse of power when the Liberal Party itself cannot even be counted on to play fair during the election time? Their connection with media empire, ABS-CBN for one, ensures that Edsa 1 memories are played on TV at the height of the campaign period.

To answer the problem highlighted above, the Liberal Party should practice what they preach by being more transparent and open to criticism. They should address doubts about Noynoy Aquino’s credibility and suggestions of incompetence by participating in more debates and public forums instead of merely indulging in the usual meet and greet parades. His photo ops are increasingly becoming identical, making it harder and harder to tell them apart.

The government’s role in paving the way for businesses to thrive is to invest more on infrastructure like transportation, energy and communication, especially the country’s broadband network. This will lay the groundwork for businesses to grow and be more efficient. We are yet to see from Noynoy how he is going to implement any plans on working with the private sector “by bringing forth an agreed public infrastructure program, based on a cohesive plan that optimizes the value of the entire network.” Where is that cohesive plan? If he wants it to be transparent, we want to see it now before the election.

Noynoy’s economic vision and platform also did not mention how he plans to invite more foreign investors. There’s not much in there in terms of how he plans to make the Philippine business environment more lucrative to foreign businesses than it is now.

The role of private enterprise

If you eliminate the problem of distrust in industry, you open more doors for entrepreneurs who want to put up a business. When there are more businesses being started, there will be more job vacancies. This means that there will be more opportunity for the jobless to find employment.

New companies are the key to job growth. There are a lot of mom-and-pop businesses that do not bother to register themselves because they do not want to deal with red tape in government agencies. Since these businesses have to operate underground, they cannot hire people openly or let their business grow. In the long run, the government also loses income from these mom-and-pop businesses that are not properly registered. Examples of these are financial services that provide micro-financing or what they call “five-six lenders” to small businesses.

Even if the Philippine government injects money into the economy to stimulate spending, stimulus packages are only designed to bring back consumer confidence and to delay the onset of a financial meltdown. However, if the factories or the businesses that closed down during a financial crisis are not replaced by new ones, the unemployed will remain unemployed — until they find a job overseas. An so the circle of the unsustainable solution keeps turning.

The role of education (A prequel to creating jobs and businesses)

As embarrassing as it is to admit, I only recently realized that there is only one sure way to create jobs for the economy and that is innovation. The question is, are Filipinos innovative? Before anyone jumps up and down and says that a Filipino invented florescent lighting, let me just cut down that claim to size by highlighting that it was proven to be a hoax.

We have a lot of intelligent people but we have a culture that does not encourage being different. We seem to frown upon people who come across as original. One can conclude that this prevents us from being more creative. We do thrive in the service industries like hospitality, nursing and being part of a crew ship but there aren’t a lot of us who are encouraged to be inventors or creators of new and ground-breaking products that will contribute to making humanity’s existence a lot easier. Who will be our Steve Jobs or Bill Gates?

The government needs to provide incentives to students in the field of science and engineering. More government funds should be allocated to training people in technology and development. There should also be a program that will encourage our graduates in these fields to stick around and spend serious time working on the country’s infrastructure. We all know the biggest problem of all is the brain drain. At the moment, our graduates have no incentive for staying in the country because they can get more recognition, appreciation, and bigger monetary rewards abroad. It does not help that we have a presidential candidate who seems to disdain the thinking voters who ask the hard questions about his platform. This situation further discourages people from being more competitive and motivated to excel.

So, if anyone of you gets a chance to talk to Noynoy Aquino about the economy, please ask him how he intends to create an environment that will encourage more entrepreneurs and, more importantly, an environment where we will see more ordinary citizens become innovators. This is the only way we can sustain job creation in the long term.

It is too bad our elections are won and lost over someone dying and the mind-set of the mourners instead of the state of the economy and the mind-set of wage earners. Hopefully, the actual Election Day will see us prove to ourselves and the world that we can be different.

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41 Responses to Noynoy Aquino plus the economy: did he do the math?

  1. boombox says:

    Nasan na kaya yung nag imbento ng tubig as an alternative to gasoline.

    • ilda says:

      Hi Boombox

      If you are talking about Daniel Dingel, I went to his blog which was last updated December 2008 but couldn’t find a concrete answer to your question. He just made this statement:

      “In answer to some of Winnie Cordero’s questions on why up to now the water fueled car has not seen commercial production, Engr. Dingel attributed its long delay to the Philippine government’s fast-changing policies that seem to be ignoring his invention.”

  2. Lorenz says:

    One of the reasons why most Filipinos are not innovative is because Filipinos feel inferior to other races. No one wants to be a Filipino. Everybody wants to be Americans, Japanese, Spanish, etc. In their mind, everything made by Filipinos whether it’d be an idea or a product is automatically inferior to those made by foreigners. Made in US yan. If something is made by foreigners it is automatically superior.

    After all, Filipinos are a xenocentric people. Xenocentric meaning lovers of anything foreign. Look at the Japanese society. It is xenophobic and yet their society is full of efficiency.

    One of the solutions should be to instill nationalism and patriotism just like what Japan does to their children. Teach them to love their country.

    • BongV says:

      Lorenz:

      To me, the proposition is this – when a Filipino improves himself – he improves the nation.

      The greater proposition however is that there is only one nation to whom allegiance is owed- HUMANITY.

      First and foremost – be a human being.

      In bringing out the best in himself/herself – the Filipino brings out the best in the nation.

      When each Filipino resolves to do his/her best and do what is right in every choice they make and follows through – everything else follows.

      We reap, what we sow.

    • ChinoF says:

      My thought is that Filipinos are more anti-foreign… and so ride on the fame of someone like Pacquiao so they could boast to people of other countries. Anti-foreignism is present in our constitution, which prohibits foreigners from owning land. But one the other side of this anti-foreignism, there is this inferiority complex of the Filipino. leading to an extreme pro-foreignism in the wrong manner. It’s more like, Filipinos want to own foreign consumer brands, even in food and drink, and look white-skinned, while on the other hand, we scream in joy when Pacman beats one of theirs.

      I doubt Japanese are that xenophobic… popular culture like anime reflects western influences. It’s more like they know what to pick that will help them and avoid what will not help them.

      I agree with Bong, the Filipino should improve himself, but should never be closed to foreign ideas. A more pertinent solution is the is teaching of discernment: pick out what you know will help you, and not accept what you know will not help.

    • ilda says:

      Hi Lorenz

      Here at AntiPinoy.com, there is no shortage of Filipino commenters who tell us how much they love the Philippines. Even at Adam Carolla’s Facebook page there were so many Filipinos who expressed their love for our country. The problem is, their words don’t really mean a thing.

      It’s a familiar story as told by a battered wife. After the wife gets a beating from the husband, the wife threatens to leave, and then the husband quickly feels remorse, promises to change and showers the wife with love and devotion. We all know the cycle will continue until someone gets lucky to escape the situation or ends up dead.

      It’s the same scenario with the Philippines, the country gets battered by such calamities like Ondoy, and then Filipinos feel remorse for contributing to the disaster, move on to blame the government and then promise to love and to change for the sake of the country. We all know that the cycle will continue until the end of time. The only people who are lucky to escape the cycle are the ones who go abroad or the ones who end up dead.

      Majority of Filipinos are arrogant. This might sound contradictory to what you said but the truth is, their arrogance is merely masking their feelings of inferiority to others. This makes it harder for them to accept their shortfall. Hence, they declare their love for the country and yet, wear foreign products to feel good. I don’t think I can call it xenocentricism. Filipinos just need to get real. Once we learn to accept our shortfalls, we can start working on them. We can be really proud of ourselves and become our own people.

      One of our shortfalls is our inability to root for the underdog. We don’t support those who are trying to make a difference in the fields that are important to humanity like science and technology. We are more aware of Filipinos who are “sikat” in the entertainment industry. And sadly, we only become proud of them once they receive international recognition, i.e., Manny Pacquiao, Efren Penaflorida and etc. This is why I said in my article that our society does not encourage people to be unique. We only acknowledge the ones who gain fame and fortune without using much of their brain. Hence, no one tries to be different because they feel that they will not receive attention and validation in their chosen field anyway. A lot of people cannot function without validation as a motivation to do things.

      National pride should come naturally. If each and every one of us feels secure about our own individual identity without having the need for validation, we can become innovators and eventually become proud of our achievements as a nation.

      • Lorenz says:

        Thanks for the replies. I agree. Good observation there ilda. I’ve always wondered why I don’t know of a Filipino composer of orchestral/chamber music, Filipino Sci-Fi/Fantasy writer, etc.

        Japan produces many books, animes, and video games a year. Philippines just produces “slaves”. Philippines is so much lacking in both arts and sciences.

        Do you know of ways to make people realize their shortfalls and transform into competent and intellectual citizens? Because it is way too hard to change a degenerated and decadent society without a revolution.

      • ChinoF says:

        Filipino Sci-Fi/Fantasy writer, etc.

        Dude, please look here (shameless self-promotion 😛 ):

        http://www.gate-way-publishers.com/html/sfrp2003.html

        But I agree with you on a Filipino composer of orchestral music, or any other achievement. By the way, this was my lament as well in my other article:
        http://antipinoy.com/filipino-world-fame/

        Thanks.

      • ilda says:

        Well, one of the quickest ways to make Filipinos change their attitude is through the help of the media. Do a quick browse of the list of shows on the Philippines TV guide and you will see that whatever’s showing helps in the dumbing down of the entire population. If we can replace shows like Wowowee and those Telenovelas with more insightful and meaningful ones that will elevate the intellect of the viewers, then we can surely rise from the ashes.

        Also, our news media (broadcast and print) can be unreliable at the moment. Some writers have alliance with politicians and they frequently engage in conspiracy theories like factions in the military and so forth. They are more focused on controversies rather than substance. Again, this boils down to Filipinos being star struck ignoramus.

      • ilda says:

        Hey Chino,

        Congrats on your book! I tried to view it but obviously couldn’t without getting up and reaching for my wallet. I will try and get a chance one day when I’m not busy with the election. It should be good 🙂

      • BongV says:

        Lorenz:

        When it comes to music – a musician will tell us. music knows no ideological, political, and national boundaries – it’s for all of humanity.

        httpv://www.youtube.com/watch?v=rT_-Ln7eWpw

        Having said that. The Philippines may not have an original symphony orchestra composition – but it sure has kulintang music – in the Starbucks in my hood – that’s called World Fusion.

        Jungle beats from Africa. Reggae beats from the Caribbean – swaying to ‘jah. The kulintang beat brings back the rhythms of the islands – unadulterated Pre-colonial musical beats from Bali to Kalimantan to Mindanao – Asian World Fusion Beat…

        I close my eyes. and just listen to the flow of the kolintang beats, imagine a house music groove – with kolintang beats, b’laan chants, tboli flutes … as the nations of old – sioux, cherokee, cheyenne, apache, maranao, bagobo, ifugao, tausug, africa – in one global harmonious beat..

        httpv://www.youtube.com/watch?v=Cph1HhY5720

        httpv://www.youtube.com/watch?v=HBPS8pSrKNs

        httpv://www.youtube.com/watch?v=tX4fo_UuZO4

        httpv://www.youtube.com/watch?v=XrZZh7UkQcs

        httpv://www.youtube.com/watch?v=2DaujjjuiL4

        ***

        I did listen to a Chinese professor – who lived in the Philippines for some years before migrating to the US. The professor fell in love with the kundiman. His family is so into music.

        One weekend, I was invited to a recital at the local university, together with the friends of the Filipino community. The entire family was into music – they played multiple musical instruments! What I loved most was the string quartet – a rendition of Filipino kundimans on the violin and cello – was so haunting, the notes of “Dahil Sa Iyo”, “Sarung Banggi”, “Leron leron sinta”, “Maalaala mo kaya”, “Atin cu pu singsing” – all in strings – if i right remember 2 violins, one cello, and one viola

        Played in its pure melody felt like .. am speechless – as the artists played the notes rising going through the made me think, hah – Mozart get a load of the scales. I felt the artists’ ecstasy – oh by golly, I wish they had a CD.

      • Lorenz says:

        Chino is your book available at Fully Booked or PowerBooks? I’m gonna buy it. I am an avid reader of fiction literature (novels).

      • ChinoF says:

        Thanks, Ilda. There’s another way though by which you can read my sci-fi work. I’ll let you know off-site.

      • ChinoF says:

        Thanks for the interest, Lorenz. Sorry, it’s only available for sale on that site. It didn’t get that much marketing effort here… the publisher isn’t that big. It’s actually a collection of 3 sci-fi short stories. Dunno how I could send you my draft copy… let’s see though.

      • Jay says:

        Actually Lorenz, I am aware from my previous years spent in Boston that there have been Pinoys in the Boston Pops Orchestra.

  3. Joe America says:

    Ilda,

    I think the economics of political candidacy differ from the economics of economists, as the issues must be simplified and popularized in order to spin them correctly. That’s all the Aquino can hope to do.

    To me, a key question is, what experts does the candidate propose for his team, and I have no idea who Aquino relies upon for that. And question number two is, does he have the strength of conviction to make a decision that might go against the economic advisor if he understood the economic issue, but came down differently on the impact. That, to me, is Aquino’s shortcoming. He must prove he is the master, not the puppet. He has not done that at all, as far as I can tell.

    If you set aside Obama’s political ideology, which one can agree with or disagree with sharply, one would, I think, give him high marks for the caliber of advisors and staff he has selected, and his own ability to sift through the information and come down with his own decision. His renditions on Afghanistan and Offshore Drilling were thoughtful and his alone. I think Villar is strong in this department, I might add – deploying experts to help him, whilst being ‘da man in making decisions. His challenge is proving he indeed has the public interest in heart and mind. He has not done that at all, as far as I can tell.

    I also don’t know who Gordon’s economic advisor is, either. I suppose I could try to find out, but I am working past the elections already. The candidates bring big baggage with them, or little real hope of getting elected, so it is important to figure out what is important and do something about it. Reference my write-up: http://thesocietyofhonor.blogspot.com/p/new-force-for-progress.html

    Finally, I think – as you mention – the Philippine economy, although thin, is very broad, so it is a short step to move to a dynamic growth-economy. This can be done by allowing “managed” foreign investment, passing a Fair Employment Act, and teaching young Filipinos the science of aspiring to personal achievement, as you have also said. Once a middle class starts to build, everything is upward bound. For the long term health of the country, unfettered birthing also needs to be tempered.

    Any applied economist worth his salt would start with a 20-year horizon and encourage his boss to drill relentlessly toward specific goals. He would not be limited by a 6-year horizon.

    Joe

    • ilda says:

      Hi Joe

      When I read his economic vision and (so called) platform, what quickly came to mind was that who ever wrote it obviously had such an easy task. What was stated were just the obvious but the solution was lacking in detail. Unfortunately, none of his supporters even bother to ask him to expound on his economic plans. I noticed that there was one FV blogger who interviewed him but chose to ask unimportant questions like his unpassed bills and what he eats instead of the economy. Unfortunately, he does not plan on joining debates anymore so there’s really no chance of grilling him any further about it. Add to that, he thinks that eliminating corruption alone will solve the problems of the poor. Note that his slogan “Walang Mahirap kung walang corrupt” is simply misleading.

      I don’t think he will have the last say in who will be his advisers once in office. The mere fact that he was pushed into this candidacy should tell us that he is a pushover and will just follow his mentor’s advice. And whoever will be his economic adviser will not even have the last say as I heard that there are a few internal factions within the party already.

      I agree with you on Obama that he has the ability to sift through information given to him. He is no lame duck. That’s why I don’t understand Abe Margallo’s insistence that Noynoy is like Obama. Noynoy is nowhere near Obama in charm and intelligence.

      I’m also trying to work on past the election already. Although there is still time to campaign until the last day, us bloggers need to be forward looking and work on the scenario after the election.

      Congrats on your blog. I haven’t had a chance to visit it yet though.

  4. Joe America says:

    Lorenz,

    I disagree. I think most Filipinos love their country deeply. But they have been taught to be obedient to authority, both domestic and foreign. That is why many discriminate in favor of me, a white guy. But to go the hyper-nationalist route is just the wrong direction. Even the Japanese, although Xeno like you suggest, respect Western innovation and ways, and bring the best of the best to Japan. The Philippines needs that same spirit, whilst opening the country to the competition and dollars that can come from abroad to spur the economy.

    Joe

    • Lorenz says:

      Joe

      I don’t know that obedience you talk about because clearly most Filipinos don’t follow rules and regulations. Just go and see the traffic of the EDSA, it is chaotic with no order. You can see trash almost everywhere too. I would say Filipinos are obedient to money not authority.

      It is not wrong to say Filipinos lack discipline. Filipinos are more of a rebellious type. Just look at the numerous rallies.

      I would say the Chinese fit your description. They are obedient to authority and they love their country deeply. I just went to China last Holy Week and I knew that people below 18 can’t use the internet there and their internet is even censored especially those that attack their government (Google China issue). Their form of government is still totalitarian in nature to this day. They have never been communists.

      Thanks for the reply.

      • ChinoF says:

        I think Joe refers to the authoritarian style of parenting. As you said, Filipinos tend to become the rebellious type, which proves that authoritarian parenting doesn’t work. It’s better to be of the assertive style rather than authoritarian. Look up BongV’s article on parenting style making Pinoys into wimps.

        On foreign vs. local, we should strike a good balance between hyper-nationalism and hyper-foreigner worship. We get the best of both worlds. I think it’s also a myth to see it as foreign vs. local. Pinoys seem to see local and foreign as enemies all the time. This view should change.

        Hey, nice to see you here again, Joe.

      • Joe America says:

        ChinoF,

        Good to hear from you, too, Chino. Close on the parenting style. And also the schooling style, by rote, and the government intimidation style, of everyone. It is only my sense, not factual by any shot, but I tend to see young Filipinos as passive rather than active. And maybe Lorenz is right, the need to acquire money, for survival at the bottom and greed at the top, is an active trait. I am surprised university students are not more active in demanding fair employment, for example.

        Joe

      • Lorenz says:

        I get it now. I agree with you Joe. I would say the Catholic church in the Philippines has something to do with this too. (I am a Catholic BTW just a different one LOL) Most Catholic schools are very authoritative and they promote “this is the truth and everything else is false” thingy when it comes to views and perspectives of matters about life and nature. They don’t promote thinking in the sense of searching the truth by themselves alone.

        Also, what Filipinos lack is “passion”. Parents are authoritative and their perspective is very limited with their number one objective being securing total financial stability through quicker means using their children. That is why the nursing course is “in”.

  5. benign0 says:

    Hey Joe! (and I meant that to refer to you and not as that typically Pinoy slur we hurl at people of European descent)

    Great to see you blogging man, congratulations! Finally! At least your words can now stand on their own space instead of having to remain within the poignant context of those small-minded discussions mired in the value-crushing triviality of irrelevant “detail” characteristic of the comment threads you’ve been hanging out in over the last couple of months. 😉

    I do agree with you on the real challenge that most chief executives face — which is to surround themselves with really SMART people. But see that so directly begs the obvious question:

    Does Noynoy Aquino attract smart people?

    Without having to go into the sort of ant-stepped iterative research that some self-described scholarly “experts” go through to come up with their “conclusions” (you know the bozos I refer to 😉 ), one can so easily see in the sort of people who surround Noynoy how the above question could be approached.

    There you go. Food for thought.

    Hope to see you around more often here. AntiPinoy.com is the choice of the New Generation. 🙂

    • Joe America says:

      Benign0,

      I ain’t no new generation, by a long shot, but I expect to participate in the issues discussions, which I have been told are quite robust and less personally inflammatory. I never take the “hey, Joe” greeting as a slur, as it always comes to me on a smile. I acknowledge the greeting. Good to see you.

      Joe

    • benign0 says:

      I don’t mean “new generation” from a physical age sense. I mean it more from a way-of-thinking sense. And that’s not to say many here came across the “new way” of thinking only now. I’m saying that it is only now that said way of thinking is actually getting a bit more air time alongside the sort of inbred “polite company” talk that dominated the Philippine National “Debate” for so long.

      On the Net, seniority does not add to one’s stripes, as many of the Old Farts among the Establishment Bloggers that have succumbed to the scrutiny and hard questions of those who begged to differ to them now know. Neither does credentials (as many of those whose minds are imprisoned by their diplomas and pedigrees now know too).

      That is perhaps the reason why tradition-minded Filipinos (who are raised to revere seniority and credentials) find AP so confronting. 🙂

      • Joe America says:

        Benign0,

        I have a feeling you will deal with age better than most. (Don’t know why that thought amuses me so.) Calcification of the brain is a real condition, and exercise is one way of keeping the whole thing from turning to cement. Calcification seems to come at birth for some . . .

        Joe

  6. guilbautedsookie says:

    I hate Noynoy’s ad saying that because of corruption foreign investors don’t come here. It’s I think the lack of motivation to invite investors, and the way we present ourselves that drive him away.

    First and foremost, how can he remove corruption, before he does anything else. He’s autistic. He knows nothing

    • ChinoF says:

      He’s passing the buck to corruption as an effort to detour efforts to change his mom’s constitution and allow foreigners to own land. I think he’s not that dumb, but he is most likely selfish like his family.

    • Joe America says:

      guilbautedsookie,

      I’m foreign, and I don’t buy Philippine stocks because I don’t trust the market or the way businesses are managed. However, I do buy American, Chinese, Japanese, and European stocks. Corruption is a part of the issue, and it doesn’t help when the Philippines gets into a spitting contest with the WTO on matters of bribery. I think opening up business ownership to foreigners – where owners can manage their own destiny rather than be at the mercy of those they don’t trust – would build competition, improve service, add jobs, and generally spark a burst of economic growth. Allowing foreigners to own residential properties would stimulate the construction industry, add jobs (construction and domestic workers), and bring a whole lot of money into the Philippines. It is much preferable to millions of Filipinos having to leave their homeland and part from their families to go work for foreigners overseas.

      The thing is, I know of no one (outside of yours truly) who has drilled down to figure out how to end corruption, in an actionable way. You can’t just jail everyone in the Philippines. Or the half that cheat in some way. There are pragmatic ways to change the social dynamic, but these ways penalize the oligarchs, so it falls to others to find them. Like, university students, who pay the price in spades by having career opportunities blocked by hiring of family, friends and favorites . . .

      Joe

    • againstmrdemented says:

      Noynoy has a way of twisting his stories to make them sound right and to make him appear good compared to Villar. What do you expect from someone like him who is selfish, self righteous, and stupid.

  7. guest says:

    A vote for Noynoy is a vote for status quo or worst. The Lopezes, Noynoy’s benefactors, will likely benefit from his election, since (I may be wrong here) Noynoy is against charter change.

    That same charter that undermines free market here in the Philippines will protect businesses that are off-limits to foreign-ownership. Remember the “Buy Pinoy” by JoeCon, a Cory man? Good intention, bad result!

  8. Marko Pineda says:

    Noynoy aquino, Hacienda luisita, may bahid ng dugo. Another trapo in the making.

  9. BOMBA says:

    Pag binoto mo si noynyo, para ka na din nag suicide. Walang gagawin yan, aasa lang siya sa mga advisers niya.

  10. BV says:

    I have a bad feeling about this. If Noynoy win, What will happen to our beloved country? He did nothing while in the congress or senate! What more if he became our president? Without his mother or father, NOYNOY is nothing. Why? Because he did NOTHING.

  11. Marco Sison says:

    I feel the same way BV. What if he is not the son of cory and ninoy? will you still vote for him? Of course not! Because he didn’t contribute anything to this country. And yes! he is a good person! but being a good person is not enough.

  12. Bo Castro says:

    I believe that noynoy cant do anything to change this country because he accomplished nothing.

  13. Wishbone says:

    Worthless freak show like Noynoy dont belong in the Presidential seat.

  14. EL Sison says:

    Yan si noynoy, walang gagawin yan sa totoo lang. hindi siya nararapat maging presidente ng pilipinas. Imagine? Abnoy? presidente ng pilipinas? Imagine? walang nagawa sa kongreso? sa senado? presidente ng pilipinas? KUNG GUSTO TALAGA NIYA NG PAGBABAGO, DAPAT, NOON PA NIYA SINIMULAN, HINDI NOONG NAMATAY NA SI CORY!

  15. batutoy says:

    may sayad si noynoy. Hindi pa ba halata? Pag magsalita walang sense! Kilos niya parang bading! Malamang si Shalani na girlfriend niya eh diring diri sa kanya. Kaya pag nangangampanya si Noynoy eh wala siya.

  16. Kaine G says:

    In my opinion, the Catholic church is one of the causes of the economic stagnation that the Philippines has experienced for the past 3 decades. Did you know that during the 1960s, the Philippines had a population of roughly around 30 million, while today the Philippine population is around 92 million. Our population has growth has rapidly outpaced economic growth over that period of time. This high population growth is due to the lack of the practice of family planning, which is strongly opposed by the catholic church. If the Philippines had just maintained a steady population, then maybe we would it would have done just fine.
    A countries wealth is also measured by its Gdp per capita, which is the real gdp divided by the total population, had we maintained a steady population, then our country would have had a Higher Gdp per Capita.

    One thing that the government should do is strip the catholic church of its influential powers, and probably have them pay taxes as well if they continue to meddle into politics.

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