Sept 21, 2007
For the longest time, I blamed it on illiteracy because my mother brought me up to think that we were poor because my father had only a high school diploma. And so I strived hard (very ) and got myself even a postgrad degree.
When I started working, I realized, how come I still find it hard to achieve financial success? I thought, maybe, I’m not working as hard, not saving as much. So I worked 72 hrs, saved most of my money. But what I have couldn’t compare with what my peers get abroad (who work less hrs). This is when I realized, the problem is a poor economy. Which tured out to be one that was long shaped by corruption.
Then a few month ago, I came across an article in newsweek which tried to explain why some Asian countries especially, the Southeast Asian region has remained poor while contemporary countries like Taiwan and South Korea have gone past them. I was surprised actually that the author referred to these countries as our contemporaries when their economies are way above in comparison. We couldn’t have started on the same ground, I thought. But I was mistaken.
I couldn’t find the magazine anymore, but I’ll relate it as far as I could remember, the way I understood it.
According to her, after the World War II, the economy of most Asian countries used to be the same. After the war, we were left by out foreign allies to rule on our own. This is when we first had our government ruled by true Pinoys. However, this is when it all started.
After assuming power, officials from barangay captain to the highest authorities, gained control over resources which later on, they would claim as their own. Little by little, they started to build business, since they were the only ones who have capital, they soon gained control over most of the country’s businesses (kasi kanila iyon). This would soon tip the balance of wealth distribution on their favor.
In order to elude query eyes, they would have their wealth, businesses hidden under names of relatives and friends. Soon, they found a better way. These officials would run in politics as many times as our constitution permits, not for good governance, but to protect their interests. They then would pass the positions to their sons and daughters after their term expire in their desire for power and control. Again, to protect their ill-gotten wealth.
This scenario, holds true for other Asian countries as well. The reason why Taiwan have gone this far is because of a person who had the political will to change the system which made possible, economic growth.
This is how far I could remember it.
Poverty is a vicious cycle. We can’t know for sure when exactly it all started. But how and why, it’s so easy to tell. Because it has remained the same. At least in this country.
In fact, it’s so transparent that even outsiders, like the author could see right through it.
CORRUPTION.
For the longest time, I blamed it on illiteracy because my mother brought me up to think that we were poor because my father had only a high school diploma. And so I strived hard (very ) and got myself even a postgrad degree.
When I started working, I realized, how come I still find it hard to achieve financial success? I thought, maybe, I’m not working as hard, not saving as much. So I worked 72 hrs, saved most of my money. But what I have couldn’t compare with what my peers get abroad (who work less hrs). This is when I realized, the problem is a poor economy. Which tured out to be one that was long shaped by corruption.
Then a few month ago, I came across an article in newsweek which tried to explain why some Asian countries especially, the Southeast Asian region has remained poor while contemporary countries like Taiwan and South Korea have gone past them. I was surprised actually that the author referred to these countries as our contemporaries when their economies are way above in comparison. We couldn’t have started on the same ground, I thought. But I was mistaken.
I couldn’t find the magazine anymore, but I’ll relate it as far as I could remember, the way I understood it.
According to her, after the World War II, the economy of most Asian countries used to be the same. After the war, we were left by out foreign allies to rule on our own. This is when we first had our government ruled by true Pinoys. However, this is when it all started.
After assuming power, officials from barangay captain to the highest authorities, gained control over resources which later on, they would claim as their own. Little by little, they started to build business, since they were the only ones who have capital, they soon gained control over most of the country’s businesses (kasi kanila iyon). This would soon tip the balance of wealth distribution on their favor.
In order to elude query eyes, they would have their wealth, businesses hidden under names of relatives and friends. Soon, they found a better way. These officials would run in politics as many times as our constitution permits, not for good governance, but to protect their interests. They then would pass the positions to their sons and daughters after their term expire in their desire for power and control. Again, to protect their ill-gotten wealth.
This scenario, holds true for other Asian countries as well. The reason why Taiwan have gone this far is because of a person who had the political will to change the system which made possible, economic growth.
This is how far I could remember it.
Poverty is a vicious cycle. We can’t know for sure when exactly it all started. But how and why, it’s so easy to tell. Because it has remained the same. At least in this country.
In fact, it’s so transparent that even outsiders, like the author could see right through it.
CORRUPTION.
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