Binay, the poor, and changing from a rent seeking society to a competitive society

Posted by josephivo on October 19, 2014 · 25 Comments 

By josephivo Rent The word rent has a long history. Here we use it in its more modern definition, e.g. according to Robert Tollison (1982), economic rents are “excess returns” above the “normal levels” that are generated in competitive markets. More specifically, a rent is “a return in excess of the resource owner’s opportunity cost”. Joseph … Continue reading →

Filed under Economy, Philippine Government, Philippine Politics

Two reasons why the US should hold an accused murderer in US custody

Posted by JoeAm on October 18, 2014 · 100 Comments 

Reason Number One A Philippine judicial system that is not based on reason, but on emotion and political influence. The attorney for the victim’s relatives, one Harry Roque, intends to lead the family on a storming of the US ships docked in Subic if the U.S. does not turn the suspect over to the Philippines. Mr. … Continue reading →

Filed under Crime/Corruption, Laws and Ethics, Philippine Government, Philippine Politics, USA/Americans

A secular moral code to take the place of The Philippine Golden Rule

Posted by JoeAm on October 16, 2014 · 103 Comments 

It is a mind-bender for those of us who subscribe to The Golden Rule to recognize that self-dealing in the Philippines is an accepted moral value. The Golden Rule says: “Do unto others as you would have them do unto you.” It is a fundamental value statement that advocates for kindness and consideration among any group … Continue reading →

Filed under Crime/Corruption, Culture and Arts, Family/Parenting/Children, Laws and Ethics, Religion

The Mad Mad World of the Binays

Posted by JoeAm on October 14, 2014 · 60 Comments 

From time to time in a blog, I elaborate. Embellish. Is elaboration fact? No, it is elaboration, similar to the way an editorial cartoonist draws caricatures to make a point. So in today’s article, I align some words to embellish . . . and make a point or two. No harm intended. No foul. Trust me. Every … Continue reading →

Filed under Crime/Corruption, Humor/Satire, Laws and Ethics, Philippine Politics

Warning: the moral hazards of the Binay family

Posted by edgar lores on October 12, 2014 · 90 Comments 

by Edgar Lores Recently I came across three concepts in economics that I think may be applicable to the eruptions of corruption surrounding the Binay family.  These concepts are: Tragedy of the Commons Free Rider Moral Hazard Tragedy of the Commons The tragedy of the commons is a situation wherein individuals, acting in their own … Continue reading →

Filed under Citizenship/Patriotism, Crime/Corruption, Laws and Ethics, Philippine Politics