There is truth to the oft quoted, hackneyed statement, "When it rains it pours". You can also add to that the tears pouring out of my eyes, not because of sadness, not because of depression, but because of frustration with the way things go around in this country.
With the recent ouster of JDV, it casts doubts once again on the perennial problem that this country has had for years. And we're not talking about budget deficits or debt here, but of politics. It seems that with every one step forward we make, we make two steps backwards.
After our economy sprung a surprising 7.3% growth, I wonder, will this be sustained for 2008?
Sometimes, I am amazed at how even with the level of corruption, political mudslinging, smuggling, and brain drain that this country has, we still manage to see improvements in the country. You'd be blind if you said there are no improvements. It's just that we don't have the pacing of say, China. More like the pace of a snail.
Who would have thought that compared to countries around the globe, the Philippines houses three (3) of the biggest malls in the world. We were even cited as an example for a recently concluded bond float.
Yet, all these new malls, new office buildings, and new BPO locators, are these all a product of pure luck? Had these BPO companies choose to locate elsewhere, where would the country get its source of employment? Other countries?
Sometimes, I can't help but be cynical. The middle class in the country are like invisible men and women. One moment they're in the middle class, the next time you visit them they're gone because they went down the economic ladder. In this country, where over 70% of total domestic spending is sourced from MONEY being sent in from outside the country, we are at the mercy of currency fluctuations.
And most of these remittances are spent on things, instead of being invested in the capital markets. Yet with the constant problems that face the country, it's difficult not to be disillusioned with the term "long term investing". What is in store for the Philippines, long term? More of the same? I shudder at the thought.
3 comments:
sherwin... same here. I'm disappointment on how politics run in country.
i wonder why can't just act like a company and aim for a common goal.
i work in a corporate world and i see that managers,directors and VPs bark at each other in a mtg but in the end they agree on certain things... for a common goal. this is not seen in our government because they all have their own hidden agenda..... kainis noh?
hi ella, i know how you feel.
there was a move before to get people from the private sector to work in the government, that was the height of EDSA II, where supposed people from the "civil society" would be selected for government posts.
but in the Philippines, where people have the shortest of memories, we just go back to where we started.
the important thing is we start with ourselves, change will not happen if we just expect others to do what we can do in the first place.
don't lose heart, to use a bit of humor sanay na rin naman tayo diyan haha. :D
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