Author: James Matthew Miraflor (James Matthew Miraflor)

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wealth tax
One consequence of the ridiculous concentration of wealth is that even a fraction of that amount can solve poverty year in and year out. —UCANEWS PHOTO
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March 23, 2023September 7, 2023Opinion

Wealth tax now: an argument by numbers

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In August 2022, the Philippine Statistics Authority (PSA) revealed that the poverty incidence rose to 18.1% in 2021 from 16.7% in 2018. Completely understandable, our technocrats said: After all, we all bore the brunt of the pandemic-driven recession. Philippine gross domestic product (GDP) shrank by 9.5% from 2020 to 2021, the worst since 1947. Of...

economy
Agricultural employment edges out wholesale and retail trade in the Philippines. —PHOTO COURTESY OF pna.gov.ph
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January 26, 2023January 26, 2023Economy, Opinion

Is the Philippine economy ‘backward’?

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We are not a “backward” economy. It’s just that economies capable of producing sophisticated manufactures necessarily require economies that must specialize in raw material or labor exports. That’s global capitalism for you.  Ours is a developed capitalist economy to the extent that the capitalist economic system that grips the world today is already fully mature,...