While summing up the thesis of World Bank economist Alessandro Magnoli Bocchi in “Rising Growth, Declining Investment: The Puzzle of the Philippines,” Cocoy has tried to explain the puzzle in his own words: The answer according to the same policy paper (of Bocchi) is that while foreign direct investment has fallen since the 1990s, the [...]
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It’s that simple
Filed Under: Politics Tagged With: economic takeoff, elitism, ethnic Chinese-Filipinos, oligopoly, philippine economy, Philippine Oligarchs, taipans
The Obama magic: It’s people power, stupid
The American people, all 63 million or more of them hellbent to toss out in a surge ala “people power” eight years of neo-conservative era that has given us the quagmire of Iraq and the near meltdown of capitalism, have (actually) pulled off a revolution – or, at least, a transformational cleansing process for the [...]
Filed Under: Politics Tagged With: barack obama, economic crises, elitism, Iraq war, OBAMA, people power, president barack obama
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