8 months Redistribute opportunity, not wealth Manilatimes |Biz
BEN KRITZTHE Philippines has had its own version of the “progressivism” fad for some time longer than it has been fashionable in the US and other parts of the Western world, only here we refer to it as “inclusive growth.” It is the same philosophy with only a slightly less politically-charged label: The idea that everyone should benefit equally from economic growth, and those who are not are the victims of someone else’s greed. An editorial in the Business Mirror earlier this week offered a sort of parable that serves as a useful illustration of the problem of the “progressive” ... more