Wednesday, August 14, 2013

Philippine Economy

In the event that everything said by the present administration about the markedly progressive socio-economic development of the country were to be believed, and in case the surveys made specifically about the marvellous Philippine economy were based on ground-realities, then there is but the following concrete and categorical conclusion that can be deduced therefrom. These: There would not be not simply economic sufficiency but actual economic affluence all over the nation. There would be no hunger, no poverty much less misery among the Filipinos all over the land. There would be no rationale for the grant of CCT and other band-aid solutions to families with no sufficient income, no decent houses, no tenable economic sufficiency to expect in the times yet to come. What then are the more common and flagrant liabilities of Philippine economy notwithstanding all official posturing and pronouncements to the contrary.

There are the continuous and huge graft and corrupt practices in practically all departments, agencies, and offices in the government despite all loud and repeated claims to the contrary by the administration such that this is accused of incompetence and partiality to its faithful followers.

There is the multi-billion peso faithful and attentive payments of the external debts of the country not really on account of the concrete total of borrowings made by the government but mainly due to the absence of fixed rate exchange between the Philippine peso and American dollar.

There is the liberalisation and deregulation of the prices of imported oil to the big satisfaction and delight of its capitalist exporters but to the woe and sorrow of the continuously consuming and paying Filipino public – with its well-announced price reductions and almost silent price increases.

There is on the other hand, the regular export of men and women Filipino workers to any country in the world willing to have and thereafter use them at the price and conditions set down by the receiving foreigners themselves, instead of providing them work in their very own country.

There is the infamous “Public-Private-Partnership” that privatises public utilities such as roads, hospitals, and the like supposed to be built, administered and maintained by the government through the ever imposed direct and indirect taxes paid by the people from birth to death.

Conclusion: Philippine economy may be “promising” but promises are the least needed by and relevant to the members of the work force in the country. They must have their actual food, clothing, and housing – not but promises.