Interested in maladministration. Estd. 2005
Catholic Church: The brutal truth
Catholic Church: Crimes against humanity Anthony
Fergus Finlay: Damaged by vile corruption? Anthony
Zimbabwe – Ireland: Same difference Anthony
Coveney and Varadkar: The battle of the balls Anthony
Public Inquiry >>
A bird's eye view of the vineyard
Belarus March 2017 SITREP Sun Mar 26, 2017 00:49 | Scott
I haven’t written much about Belarus, and many reliable analysts also have been careful not to say anything, because everyone understood that Belarus would be next to be hit by
Israeli Airstrikes Contribute To Further Escalation Of Syrian Conflict Sat Mar 25, 2017 15:44 | Scott
https://southfront.org/israeli-airstr... If you?re able, and if you like our content and approach, please support the project. Our work wouldn?t be possible without your help: PayPal: firstname.lastname@example.org or via: http://southfront.org/donate/ or
Could the fire at the Europe?s largest munitions depot be Ben Hodges?s fault? Sat Mar 25, 2017 01:30 | Scott
After hitting rock bottom will Ukraine begin to rise again? Hitting a rock bottom can be very educational, as I found out this week. After I dropped a piece of
Speech of Lavrov at the Military Academy of the General Staff Fri Mar 24, 2017 18:00 | Scott
Foreign Minister Sergey Lavrov?s remarks and answers to questions during a lecture for senior officers of the Military Academy of the General Staff, Moscow, March 23, 2017 23 March
Balakleya munitions depot disaster Ukraine SITREP Thu Mar 23, 2017 21:54 | Scott
In Balakleya Tochka-U and Grad missiles explosions over the town, 24 hours of this On the night of March 23, a fire broke out on the territory of the military
The Saker >>
#Strike4Repeal: Strike Against the Citizens? Assembly? Wed Mar 08, 2017 07:51 | Máiréad Enright
Reflections on the Citizen?s Assembly (4): The Presentation of Dr. Dónal O?Mathúna Sun Feb 26, 2017 20:19 | GuestPost
Hague Justice Journal: Call for Papers Mon Feb 20, 2017 11:13 | GuestPost
Reflections on the Citizen?s Assembly (3): The Presentation of Dr. Joan McCarthy Tue Feb 14, 2017 14:01 | GuestPost
Reflections on the Citizens Assembly (2): The Presentation of Bobbie Farsides Tue Feb 07, 2017 05:44 | GuestPost
Human Rights in Ireland >>
For lefties too stubborn to quit
These guys in the Administration are remarkably bad at politics? 11:57 Sun Mar 26, 2017 | WorldbyStorm
Sunday Independent Stupid Statement of the Week 10:49 Sun Mar 26, 2017 | Garibaldy
It?s Sunday, and the clocks have gone forward? 09:56 Sun Mar 26, 2017 | WorldbyStorm
It must be Saturday ? for there?s another poll 19:25 Sat Mar 25, 2017 | WorldbyStorm
UKIP?s man overboard 14:39 Sat Mar 25, 2017 | WorldbyStorm
Cedar Lounge >>
On World Economic Forum on East Asia 2014
Saturday June 07, 2014 14:41 by Freedom from Debt Coalition (FDC)
All Glitz, Nothing New to Solve Poverty and Inequality
PHILIPPINES: The World Economic Forum ( WEF ) on East Asia 2014, a gathering of 70 government and public figures and 460 business leaders here in Makati City, conclude its three-day meeting today, May 25, 2014. The affair is about to wrap up as an expensive and glorified talking shop with no new ideas and solutions to offer to what is Asia’s, even East Asia’s , and especially the Philippines’ most stubborn and alarming problems: poverty and inequality.
The WEF 2014 theme : “ Leveraging Growth for Equitable Progress” is itself an admission that poverty and inequality are problems that undermine the triumphalist hype for economic growth that the region’s elites see as the main source of sustained economic progress. The discussions however never strayed from the old, worn-out free market, neo-liberal prescriptions that over three decades have failed to overcome these problems.
Worse, by showcasing the Philippines as a new model for an “ economic turn-around” touting it as “ Asia’s next economic miracle “ , WEF 2014 and its host, the Aquino government, are foisting a big lie before the region, the world and the Filipino people. Despite claims of moderate to high growth rates in the previous more than ten years, the Philippines registered no significant decline in the poverty ratio from 2006 to 2012 ( NSCB, 2012 ). Inequality has worsened. Seventy six percent ( 76%) of GDP growth for 2011 is equivalent to the income growth of the richest 40 families in the country. In 2009, the The Philippines’ gini coefficient ( WB, 2009 ) already made it the most unequal country in Southeast Asia ( no figures for Burma )and one of the highly unequal countries in the world. Nine million Filipinos have gone abroad, not by choice but by necessity, to seek jobs and a better life. More are yearning to follow.
The neo-liberal, free market formula that was pursued for more than two decades has resulted in a failed economy. Many industries have collapsed and agriculture stagnated. The limited land reform was stuck in the mud. Joblessness have become widespread. Education, health and housing services deteriorated further as the State conceded these areas to increasing corporate takeover. Gender inequality worsens on top of social inequality. National and people’s sovereignty has increasingly become a dead letter in the Constitution and the laws of the land.
On the other hand, the combined profit of 30 companies in the Philippine Stock Exchange composite index rose by 635 percent, compared to 59 percent growth of GDP and GDP per capita increase of 13 percent. Indeed, the neo-liberal, free market formula is an excellent one for corporate greed.
Annual climate change and ecological disasters have not only eaten away the little improvements made in poverty reduction and economic production but have added more figures to poverty ratios and thus, to inequality. The Yolanda devastation of last year has enormously proven this. As we expect and ought to brace for more climate change and ecological impacts, the government has been very slow in putting into place comprehensive adaptation and mitigation measures. Worse, it is passing on its responsibility for rehabilitation and reconstruction of devastated areas to big corporations.
Governance is cited as a bright prospect under the Aquino administration. This is fast becoming more spin than fact. After a few high-impact moves like the Corona impeachment, the anti-corruption drive settles to a slow grinding motion. The abolition of the pork barrel PDAF is decisively a citizen initiative supported by the media. In fact, the pork barrel scam exposed the administration’s extensive and aggressive play to use the pork barrel beyond the requirements of transparency and accountability.
No, there is no turn-around happening for the Philippine economy. Without dismantling neo-liberalism and finding solutions to inequality, the nation is headed to another lost decade as the FDC SONA Statement of 2013 warned.