To try to run across the length and breadth of Boracay is to catch a glimpse of at least five very different worlds. There is the world of White Beach and Bulabog Beach, of course. The world of low-budget and mid-range hotels; a world that looks increasingly more like Greenbelt or BGC but transplanted beside...
Tag: capitalism
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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,...