What is the best economic system for the Philippines?
[2023-11-10 19:42:28]
A mixed economy is an economic system that involves various public and government controls, or a mixture of capitalism and socialism.
Although there is no definition of mixed economy, related aspects are as follows. Some state ownership and management efficiency of target production materials including some degree of private economic freedom (including private enterprises), centralized economic plan and government regulation (including market regulation of environmental problems, social welfare)
* Travel (need to transport all items in the business, trade directly, where workers and owners need to move)
* Purchase (personal use, resale of goods, purchase of the entire enterprise, making assets into an asset itself)
* Organizations (private companies, profits, trade unions, workers and professional associations, non-profit organizations, religions, etc.)
* Communication (freedom of speech, newspaper, book, advertisement, trading, creation of business partners, market creation)
* Peaceful protest actions (parades, petitions, government prosecution, enactment of legislation on for-profit legislation and worker familiarity, elimination of meaningless inefficiencies to maximize the creation of wealth)
Personal economic autonomy is also provided, but involves involuntary expenditure and investment such as transfer and other cash benefits.
No matter how smart our leaders are, if our country does not obey, there is nothing but the impact of our human rights on our government.
Our current economic system is inevitable or unchanged. Keep in mind that economics is at best "management system" and the worst is a dangerous ideology. Unlike biology and ecology, economics is not science. We have created the current economic system and it allows us to redesign it based on ecological insight to better serve our common goal: the health of people and living communities To promote happiness. The structural failure of the current system is no longer a provocative assumption of a few ideological leaders. The World Bank, the United Nations, global financial institutions, many political leaders, and most importantly, increasingly informed world citizens are aware of current economic and monetary system malfunctions.
Capitalism is the best economic system developed for the operation of modern economies on international and global scale. Capitalism is not the best economic system in history, and it is not qualified. Capitalism has succeeded in expanding the scale, but the incentive structure is flawed. Economically, it leads to extensive inequality or Matthew effect ("rich become rich and poor become poor"). More broadly speaking, capitalism is fundamentally related to the broad political, social and environmental crisis we face (and cause) as species and planets. Capitalist flaws may prove to be fatal