Author: James Matthew Miraflor (James Matthew Miraflor)

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Wealth tax now: an argument by numbers

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...


Is the Philippine economy ‘backward’?

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,...