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

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

Noynoy Aquino, a kaleidoscopic president

“You gone yellow-zombie on us, Joe?” Yeah, yeah. Sorry, I can’t help myself. I’ve gone patriotic on the Philippines. I can’t figure out how the nation can get stronger when so many Filipinos insist on diminishing their country and its leadership. Just as the nation is rising. “Born to lose“ So I push back. If you are inspired by failure, … Continue reading

Manila is to New York as Davao is to Los Angeles

A man’s dreams should exceed his horizons, or what’s an imagination for? Manila is a like Atlas with the weight of an entire nation on her shoulders. She shrugs, shudders, and staggers under the weight of 10 million people looking for opportunity. It has long been this way. Shipping barons of the great shipping era, as the … Continue reading

In defense of PNoy

Guest article by Dolly Gonzales Let’s consider first the Supreme Court, and in particular Chief Justice Sereno. Then we can look at PNoy’s performance as President.   SUPREME COURT “I ask you to judge me by the enemies I have made.” – Franklin D. Roosevelt In 2012, PNoy spent valuable political capital to impeach a midnight-appointed Chief … Continue reading

A battle of the gods in Manila: the Rizal statue

I love the invigorating panoramas of nature, of seascapes and rugged rocky mountains, of sunsets and rainbows and rice terraces rising from sea to heaven, of glacial ice fields and storm-swept coasts and lighthouses in the mist. I just don’t expect to find them in the middle of cities. That separates me from Carlos Celdran on … Continue reading