By Ray L. Junia
RAPID changes are occuring in the economic front, hence OpinYon’s focus on its dynamics and how it shapes the fate–and future–of ordinary Filipinos as they plod on with their daily lives. In this week’s issue, we are delving into the widening and alarming rich-poor gap, often glossed over by the mainstream media in favor of sensational political stories. Research-based and interpreted in a layman’s language, the story aims to be a wake-up call for the decision makers, both in government and private sectors, to assess how and why policy measures failed miserably in stemming the surging tide of disparity in democratizing the wealth of the nation.
Our Asian neighbors like Thailand and Malaysia succeeded in scaling down the dominant control of their economy by few families and there’s no reason why we can’t do the same for the sake of millions of Filipinos who continue to languish in silence under the yoke of poverty and deprivation.
Certainly, the people are sick and tired of glowing and self-serving government statements that the economy is booming. To them, economic growth is an empty boast as it has failed to uplift the quality of their lives.
Our government takes pride in being democratic. But in reality, it’s a subtle form of dictatorship by proxy in disguise because it it allows the oligarchs to reign supreme in the economy.
Unless decisively addressed, the worsening rise of poverty incidence vis-a-vis the insatiable appetite of the rich to rake in more profits may be likened to a ticking time bomb.
If the economic system is flawed, then why the heck do we insist on it? The clamor for a drastic change is resounding and unless we heed it, we may find ourselves jolted again by an onslaught of an irreversible political upheaval.
- PH poverty almost unchanged since 2006 (rappler.com)
- A JP Morgan economist responds to Pope Francis (aei-ideas.org)
- The Mother Of All Bubbles? (etfdailynews.com)
- Film Screening: Saving Dolma (sanskritibirgunj.wordpress.com)
- Military labels global corruption survey as “baseless” attack on its reputation (minivannews.com)
- Muslim Cleric Incites Children to ‘Slaughter’ Christians and Alawites in Syria – Atlas Shrugs (2012zt.wordpress.com)
- Census: No sign of economic rebound for many in US (thehartford.com)
- In post-coup Honduras, rising poverty and inequality, report says (latimes.com)
- Blog: Venezuela tries to suppress reports of economic upheaval (cpj.org)