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	<title>Comments on: Waiting for verdicts</title>
	<atom:link href="http://www.quezon.ph/2006/05/05/waiting-for-verdicts/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/</link>
	<description>Punditry. Politics. History. Commentary.</description>
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		<title>By: Emil</title>
		<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/comment-page-2/#comment-20280</link>
		<dc:creator>Emil</dc:creator>
		<pubDate>Thu, 18 May 2006 15:40:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.quezon.ph/blog/?p=907#comment-20280</guid>
		<description>Nice piece!

Many of our political leaders have used class warfare to divide the affluent from the lesser affluent in Philippine society as smokescreen for their plunder.

Poor peasants and sincere capitalists have been used and abused by incompetent, scheming, and corrupt politicians for too long and the noble Agrarian Reform is one of the latter&#039;s many vehicles for plunder.

Now with the Hacienda Luisita issue we cannot help wonder whether this is but another political smokescreen to divide, rule and rob us even more.  

Why doesnÃ¢â‚¬â„¢t Gloria Macapagal-Arroyo include Eduardo Ã¢â‚¬ËœDandingÃ¢â‚¬â„¢ CojuancoÃ¢â‚¬â„¢s vast tracks of lands and haciendas in Negros and why do other sugar and cassava plantations escape the same kind of scrutiny?

We have to be more discerning and united as a people regardless of social class.  Let us keep a watchful eye on our political leaders and representatives so that they may adhere to the genuine intention and noble spirit of our Agrarian Reform Program.</description>
		<content:encoded><![CDATA[<p>Nice piece!</p>
<p>Many of our political leaders have used class warfare to divide the affluent from the lesser affluent in Philippine society as smokescreen for their plunder.</p>
<p>Poor peasants and sincere capitalists have been used and abused by incompetent, scheming, and corrupt politicians for too long and the noble Agrarian Reform is one of the latter&#8217;s many vehicles for plunder.</p>
<p>Now with the Hacienda Luisita issue we cannot help wonder whether this is but another political smokescreen to divide, rule and rob us even more.  </p>
<p>Why doesnÃ¢â‚¬â„¢t Gloria Macapagal-Arroyo include Eduardo Ã¢â‚¬ËœDandingÃ¢â‚¬â„¢ CojuancoÃ¢â‚¬â„¢s vast tracks of lands and haciendas in Negros and why do other sugar and cassava plantations escape the same kind of scrutiny?</p>
<p>We have to be more discerning and united as a people regardless of social class.  Let us keep a watchful eye on our political leaders and representatives so that they may adhere to the genuine intention and noble spirit of our Agrarian Reform Program.</p>
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		<title>By: pinoy</title>
		<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/comment-page-2/#comment-19238</link>
		<dc:creator>pinoy</dc:creator>
		<pubDate>Wed, 10 May 2006 01:18:15 +0000</pubDate>
		<guid isPermaLink="false">http://www.quezon.ph/blog/?p=907#comment-19238</guid>
		<description>&quot;But then I am very confused too! An daming magagaling na pinoy pero yung bansa natin kulelat ehÃ¢â‚¬Â¦. &quot;

Nakakalungkot ngang isipin.  Sana hindi lang tayo sa internet mahusay makipagbalitaktakan.  Sana may magawa pa tayo para sa bayan natin maliban sa pagpapalitan ng kuro kuro sa mundo ng internet.  Sana . . . . . .</description>
		<content:encoded><![CDATA[<p>&#8220;But then I am very confused too! An daming magagaling na pinoy pero yung bansa natin kulelat ehÃ¢â‚¬Â¦. &#8221;</p>
<p>Nakakalungkot ngang isipin.  Sana hindi lang tayo sa internet mahusay makipagbalitaktakan.  Sana may magawa pa tayo para sa bayan natin maliban sa pagpapalitan ng kuro kuro sa mundo ng internet.  Sana . . . . . .</p>
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		<title>By: rego</title>
		<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/comment-page-2/#comment-19192</link>
		<dc:creator>rego</dc:creator>
		<pubDate>Tue, 09 May 2006 22:41:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.quezon.ph/blog/?p=907#comment-19192</guid>
		<description>A very interesting dicussion about economics. Guys, I m very impressed and very proud of all of you, (yes including you cvj)! Ang gagaling nyo! 

But then I am very confused too! An daming magagaling na pinoy pero yung bansa natin kulelat eh....</description>
		<content:encoded><![CDATA[<p>A very interesting dicussion about economics. Guys, I m very impressed and very proud of all of you, (yes including you cvj)! Ang gagaling nyo! </p>
<p>But then I am very confused too! An daming magagaling na pinoy pero yung bansa natin kulelat eh&#8230;.</p>
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		<title>By: Karl Garcia</title>
		<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/comment-page-1/#comment-19061</link>
		<dc:creator>Karl Garcia</dc:creator>
		<pubDate>Tue, 09 May 2006 08:29:42 +0000</pubDate>
		<guid isPermaLink="false">http://www.quezon.ph/blog/?p=907#comment-19061</guid>
		<description>&quot;Poor people in China now are demonstrating since the government started taking their lands away to give way to industrialization and modernization.&quot;


Just observe what China has been doing to drive away people from their land in preparation for the Beijing Olympics.</description>
		<content:encoded><![CDATA[<p>&#8220;Poor people in China now are demonstrating since the government started taking their lands away to give way to industrialization and modernization.&#8221;</p>
<p>Just observe what China has been doing to drive away people from their land in preparation for the Beijing Olympics.</p>
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		<title>By: kingdelrosario</title>
		<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/comment-page-1/#comment-18955</link>
		<dc:creator>kingdelrosario</dc:creator>
		<pubDate>Tue, 09 May 2006 02:21:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.quezon.ph/blog/?p=907#comment-18955</guid>
		<description>that&#039;s one sad thing about being a public servant slash leader slash politician. unlike businessmen, you can&#039;t just always retire. you have to keep on fighting until your light ultimately diminishes or your integrity becomes tarnished, whichever comes  first....</description>
		<content:encoded><![CDATA[<p>that&#8217;s one sad thing about being a public servant slash leader slash politician. unlike businessmen, you can&#8217;t just always retire. you have to keep on fighting until your light ultimately diminishes or your integrity becomes tarnished, whichever comes  first&#8230;.</p>
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		<title>By: Carl</title>
		<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/comment-page-1/#comment-18889</link>
		<dc:creator>Carl</dc:creator>
		<pubDate>Mon, 08 May 2006 22:36:43 +0000</pubDate>
		<guid isPermaLink="false">http://www.quezon.ph/blog/?p=907#comment-18889</guid>
		<description>It would be naive to think that belligerent groups like Muslim fundamentalists or Communist insurgents would not use democratic space to subvert these same Western-influenced liberal societies which they are trying to topple. Vigilance is the price of freedom. After all, history has shown that these groups do create the most rigid, intolerant and tyrannical societies when they assume power. This was demonstrated by Stalin and his Gulags, Mao and his Great Purge and Pol Pot and his killing fields. And, of course, we have witnessed in recent history the cruelty and intolerance of the the Taliban in Afghanistan.</description>
		<content:encoded><![CDATA[<p>It would be naive to think that belligerent groups like Muslim fundamentalists or Communist insurgents would not use democratic space to subvert these same Western-influenced liberal societies which they are trying to topple. Vigilance is the price of freedom. After all, history has shown that these groups do create the most rigid, intolerant and tyrannical societies when they assume power. This was demonstrated by Stalin and his Gulags, Mao and his Great Purge and Pol Pot and his killing fields. And, of course, we have witnessed in recent history the cruelty and intolerance of the the Taliban in Afghanistan.</p>
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		<title>By: The Ca t</title>
		<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/comment-page-1/#comment-18805</link>
		<dc:creator>The Ca t</dc:creator>
		<pubDate>Mon, 08 May 2006 12:36:06 +0000</pubDate>
		<guid isPermaLink="false">http://www.quezon.ph/blog/?p=907#comment-18805</guid>
		<description>Mao was not able to solve poverty by implementing his grand plan, In fact, millions died due to hunger or did you not know that? His communes did not deliver the expected harvests/produce that can feed the big population which kept
on growing despite the restrictions imposed on marriages and births.

Otherwise, his followers, should not have brought capitalism back to the country, months after he was gone.

Poor people in China now are demonstrating since the government started taking their lands away to give way to industrialization and modernization.

Political will or authoritarianism?

Kung nasa Tsina ka noong kapanahunan ni Mao, matututo ka sigurong kumain ng rationed na bigas na may amoy, sira
at kakarampot dahil nabrainwash sila na kailangang ireserve ang bigas para sa giyera.

Kausapin ninyo ang mga Tsinong may edad na nagmigrate na sa 
ibang lupain, hindi yong mga propaganda ng mga sumusulong ng
mga adhikain na yan. tssk tssk.</description>
		<content:encoded><![CDATA[<p>Mao was not able to solve poverty by implementing his grand plan, In fact, millions died due to hunger or did you not know that? His communes did not deliver the expected harvests/produce that can feed the big population which kept<br />
on growing despite the restrictions imposed on marriages and births.</p>
<p>Otherwise, his followers, should not have brought capitalism back to the country, months after he was gone.</p>
<p>Poor people in China now are demonstrating since the government started taking their lands away to give way to industrialization and modernization.</p>
<p>Political will or authoritarianism?</p>
<p>Kung nasa Tsina ka noong kapanahunan ni Mao, matututo ka sigurong kumain ng rationed na bigas na may amoy, sira<br />
at kakarampot dahil nabrainwash sila na kailangang ireserve ang bigas para sa giyera.</p>
<p>Kausapin ninyo ang mga Tsinong may edad na nagmigrate na sa<br />
ibang lupain, hindi yong mga propaganda ng mga sumusulong ng<br />
mga adhikain na yan. tssk tssk.</p>
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		<title>By: cvj</title>
		<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/comment-page-1/#comment-18802</link>
		<dc:creator>cvj</dc:creator>
		<pubDate>Mon, 08 May 2006 11:15:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.quezon.ph/blog/?p=907#comment-18802</guid>
		<description>hvrds, i agree when you say that our focus should be on maldistribution of factor endowments, but i don&#039;t believe it&#039;s automatic that the &#039;rest will follow&#039;.   We can end up as successful as Malaysia with its affirmative action for the Bumiputra&#039;s or as chaotic as Mugabe&#039;s Zimbabwe.  

Deng&#039;s policies may have been unorthodox in the sense that they did not follow IMF or laissez faire prescriptions but we cannot go so far as to call it &#039;non-market&#039;.  Anyway, maybe the issue is just semantics so you can judge for yourself with this description from Robert Cosbey&#039;s &#039;Watching China Change&#039;:

&quot;...The big change was eliminating the commune as a political, social and economic structure.  Ownership of the land reverted to the government, meaning, practically, local government.  The use of the land was contracted out to individuals or families or small groups.  For example, one farmer might contract to grow rice in a certain field, guaranteeing to give the village ten per cent more rice than it had been getting, and keeping any surplus as his own, to sell to the government on the open market...&quot;

&quot;...The rural contract system that supplanted the communes made it possible for millions of peasants to decide individually for themselves what kind of work they would do, what hours they would keep, what they would do with their money, where they would go to sell their products or to look for work. In the cities more and more people set up their own small business...&quot;

In #41 above, i haven&#039;t come across Stiglitz saying that a free market &#039;never existed&#039;.  Could it be he was referring to the idealized model of &#039;perfect competition&#039;, which requires assumptions such as the individual possessing perfect information which are impossible to achieve in real life?   This does not mean the model is useless, but economists should be (and often are) mindful of what assumptions are being broken in the real world and how this affects the model&#039;s relevance.  Also, from what i read, what Stiglitz objected to was free movement of financial capital which can wreak havoc on economies like what happened in Thailand and South Korea in 1997 and 1998.  He was not against free trade, but against the US and Western Europe bullying weaker countries in order to get trade concessions.  

As to #45, i&#039;m totally with you on that one. Thanks for linking to the Kagan and Sen exchange.</description>
		<content:encoded><![CDATA[<p>hvrds, i agree when you say that our focus should be on maldistribution of factor endowments, but i don&#8217;t believe it&#8217;s automatic that the &#8216;rest will follow&#8217;.   We can end up as successful as Malaysia with its affirmative action for the Bumiputra&#8217;s or as chaotic as Mugabe&#8217;s Zimbabwe.  </p>
<p>Deng&#8217;s policies may have been unorthodox in the sense that they did not follow IMF or laissez faire prescriptions but we cannot go so far as to call it &#8216;non-market&#8217;.  Anyway, maybe the issue is just semantics so you can judge for yourself with this description from Robert Cosbey&#8217;s &#8216;Watching China Change&#8217;:</p>
<p>&#8220;&#8230;The big change was eliminating the commune as a political, social and economic structure.  Ownership of the land reverted to the government, meaning, practically, local government.  The use of the land was contracted out to individuals or families or small groups.  For example, one farmer might contract to grow rice in a certain field, guaranteeing to give the village ten per cent more rice than it had been getting, and keeping any surplus as his own, to sell to the government on the open market&#8230;&#8221;</p>
<p>&#8220;&#8230;The rural contract system that supplanted the communes made it possible for millions of peasants to decide individually for themselves what kind of work they would do, what hours they would keep, what they would do with their money, where they would go to sell their products or to look for work. In the cities more and more people set up their own small business&#8230;&#8221;</p>
<p>In #41 above, i haven&#8217;t come across Stiglitz saying that a free market &#8216;never existed&#8217;.  Could it be he was referring to the idealized model of &#8216;perfect competition&#8217;, which requires assumptions such as the individual possessing perfect information which are impossible to achieve in real life?   This does not mean the model is useless, but economists should be (and often are) mindful of what assumptions are being broken in the real world and how this affects the model&#8217;s relevance.  Also, from what i read, what Stiglitz objected to was free movement of financial capital which can wreak havoc on economies like what happened in Thailand and South Korea in 1997 and 1998.  He was not against free trade, but against the US and Western Europe bullying weaker countries in order to get trade concessions.  </p>
<p>As to #45, i&#8217;m totally with you on that one. Thanks for linking to the Kagan and Sen exchange.</p>
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		<title>By: hvrds</title>
		<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/comment-page-1/#comment-18765</link>
		<dc:creator>hvrds</dc:creator>
		<pubDate>Mon, 08 May 2006 06:36:03 +0000</pubDate>
		<guid isPermaLink="false">http://www.quezon.ph/blog/?p=907#comment-18765</guid>
		<description>To digress a bit.  Yesterday a commentary done by Maria Ressa on the war on terror appeared in the Philippine Inquirer.  She also happens to be the head of the news department of ABS-CBN.  She wrote the piece in her personal capacity as a so called expert on terrorism. 

I read the piece three or more times and came away a little frightened.  Her words resonated with the ideas being put forth by Dick Ã¢â‚¬Å“Mad DogÃ¢â‚¬Â Cheney on the establishment of a Muslim Caliphate. She presented her arguments virtually agreeing with Huntington that the war on terror is a war of civilization.  A very dangerous conclusion. Her mindset will probably determine the way ABS-CBN would and could present perspectives in covering terrorism. This in light of recent attempts of the government to abolish the Bill of Rights and relate ity to terrorism. 

Amartya Sen pointedly says that the U.S. has repeatedly in the past supported dictators for their narrow self interest and this narrow interest has led to an arrogance of parochialism of western triumphalism over other countries history. This has indirectly led to the rise of Islamic fundamentalism.  Secular muslims who are in the majority have been marginalized by this. It is a fact that 15 of the 20 or 21, 9/11 Al Qaeda operatives came from Saudi Arabia.  Usama Bin ladenÃ¢â‚¬â„¢s entire family were rounded up in the U.S. and flown out by the U.S. government right after 9/11 per request of the Saudi government. Culturally Saudi Arabia is living in old testament times. We live in interesting times, an old Chinese expression is actually part of a curse.  

I strongly suggest everyone refer to this very interesting discourse between Robert Kagan  senior associate at the Carnegie Endowment for International Peace and transatlantic fellow at the German Marshall Fund. Amartya Sen is the Lamont University Professor at Harvard and the winner of the 1998 Nobel Prize in Economics.
http://www.slate.com/id/2140932/entry/2141222/</description>
		<content:encoded><![CDATA[<p>To digress a bit.  Yesterday a commentary done by Maria Ressa on the war on terror appeared in the Philippine Inquirer.  She also happens to be the head of the news department of ABS-CBN.  She wrote the piece in her personal capacity as a so called expert on terrorism. </p>
<p>I read the piece three or more times and came away a little frightened.  Her words resonated with the ideas being put forth by Dick Ã¢â‚¬Å“Mad DogÃ¢â‚¬Â Cheney on the establishment of a Muslim Caliphate. She presented her arguments virtually agreeing with Huntington that the war on terror is a war of civilization.  A very dangerous conclusion. Her mindset will probably determine the way ABS-CBN would and could present perspectives in covering terrorism. This in light of recent attempts of the government to abolish the Bill of Rights and relate ity to terrorism. </p>
<p>Amartya Sen pointedly says that the U.S. has repeatedly in the past supported dictators for their narrow self interest and this narrow interest has led to an arrogance of parochialism of western triumphalism over other countries history. This has indirectly led to the rise of Islamic fundamentalism.  Secular muslims who are in the majority have been marginalized by this. It is a fact that 15 of the 20 or 21, 9/11 Al Qaeda operatives came from Saudi Arabia.  Usama Bin ladenÃ¢â‚¬â„¢s entire family were rounded up in the U.S. and flown out by the U.S. government right after 9/11 per request of the Saudi government. Culturally Saudi Arabia is living in old testament times. We live in interesting times, an old Chinese expression is actually part of a curse.  </p>
<p>I strongly suggest everyone refer to this very interesting discourse between Robert Kagan  senior associate at the Carnegie Endowment for International Peace and transatlantic fellow at the German Marshall Fund. Amartya Sen is the Lamont University Professor at Harvard and the winner of the 1998 Nobel Prize in Economics.<br />
<a href="http://www.slate.com/id/2140932/entry/2141222/" rel="nofollow">http://www.slate.com/id/2140932/entry/2141222/</a></p>
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		<title>By: hvrds</title>
		<link>http://www.quezon.ph/2006/05/05/waiting-for-verdicts/comment-page-1/#comment-18749</link>
		<dc:creator>hvrds</dc:creator>
		<pubDate>Mon, 08 May 2006 06:03:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.quezon.ph/blog/?p=907#comment-18749</guid>
		<description>I hope everyone understand the implications of this piece done by technocrats from the neo-classical economic religion. Who would have the political will and leadership of a Mao and Deng to resolve the contradictions once and for all of a deeply feudal system in the country held in place by a deeply flawed international system in favor of the rich countries of the world under the theology &quot;daw&quot; of a free market system. Nobel prize winner Stiglitz warned developing countries about pursuing this mythical free market which according to him has never existed. 

Raghuram G. Rajan (I.M.F. and N.B.E.R.)
Luigi Zingales (Harvard University, N.B.E.R. &amp; CEPR)
Why is underdevelopment so persistent? One explanation is that poor countries do not have
institutions that can support growth. Because institutions (both good and bad) are persistent,
underdevelopment is persistent. An alternative view is that underdevelopment comes from poor
education. Neither explanation is fully satisfactory, the first because it does not explain why poor
economic institutions persist even in fairly democratic but poor societies, and the second because it
does not explain why poor education is so persistent. This paper tries to reconcile these two views by
arguing that the underlying cause of underdevelopment is the initial distribution of factor
endowments. Under certain circumstances, this leads to self-interested constituencies that, in
equilibrium, perpetuate the status quo. In other words, poor education policy might well be the
proximate cause of underdevelopment, but the deeper (and more long lasting cause) are the initial
conditions (like the distribution of educational endowments) that determine political constituencies,
their power, and their incentives. Though the initial conditions may well be a legacy of the colonial
past, and may well create a perverse political equilibrium of stagnation, persistence does not require
the presence of coercive political institutions. On the one hand, such an analysis offers hope that the
destiny of societies is not preordained by the institutions they inherited through historical accident.
On the other hand, it suggests we need to understand better how to alter factor endowments when
societies may not have the internal will to do so.</description>
		<content:encoded><![CDATA[<p>I hope everyone understand the implications of this piece done by technocrats from the neo-classical economic religion. Who would have the political will and leadership of a Mao and Deng to resolve the contradictions once and for all of a deeply feudal system in the country held in place by a deeply flawed international system in favor of the rich countries of the world under the theology &#8220;daw&#8221; of a free market system. Nobel prize winner Stiglitz warned developing countries about pursuing this mythical free market which according to him has never existed. </p>
<p>Raghuram G. Rajan (I.M.F. and N.B.E.R.)<br />
Luigi Zingales (Harvard University, N.B.E.R. &amp; CEPR)<br />
Why is underdevelopment so persistent? One explanation is that poor countries do not have<br />
institutions that can support growth. Because institutions (both good and bad) are persistent,<br />
underdevelopment is persistent. An alternative view is that underdevelopment comes from poor<br />
education. Neither explanation is fully satisfactory, the first because it does not explain why poor<br />
economic institutions persist even in fairly democratic but poor societies, and the second because it<br />
does not explain why poor education is so persistent. This paper tries to reconcile these two views by<br />
arguing that the underlying cause of underdevelopment is the initial distribution of factor<br />
endowments. Under certain circumstances, this leads to self-interested constituencies that, in<br />
equilibrium, perpetuate the status quo. In other words, poor education policy might well be the<br />
proximate cause of underdevelopment, but the deeper (and more long lasting cause) are the initial<br />
conditions (like the distribution of educational endowments) that determine political constituencies,<br />
their power, and their incentives. Though the initial conditions may well be a legacy of the colonial<br />
past, and may well create a perverse political equilibrium of stagnation, persistence does not require<br />
the presence of coercive political institutions. On the one hand, such an analysis offers hope that the<br />
destiny of societies is not preordained by the institutions they inherited through historical accident.<br />
On the other hand, it suggests we need to understand better how to alter factor endowments when<br />
societies may not have the internal will to do so.</p>
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