Red Ollero wants to know what's the effing wrong with our economy | The Medyo Serious Talk Show

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#LongConversation | UP economist JC Punongbayan schools stand up comic Red Ollero on the highs and lows of PH economy.
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[@zeem.5085]

Great to listen to you for the first time. Hopefully you can tackle the question why our quality of education is not prioritized by our government.

[@kaiseri6772]

Kudos Red Ollero! You have come a long way! More success to you buddy!

[@placerjr.mejica6411]

Ganda ng content na to more like this pls

[@donniedelarosa425]

We need to educate the population. We need an educator to lead the Deot of Education, we don’t need a politician there

[@noelgalit3965]

Thank you, JC, for mentioning induced demand re cars and road use!!! Been sharing the concept but most dont get it. Tren ang sagot! Tren!

[@lupiarch9784]

If you want to know if a country is on the right track in terms of economy then GDP, GDP per capital, and GINI coefficient can help give us a broad idea of what's happening. Well done to this interview for being able to explain that GDP doesn't necessarily mean prosperity. Income inequality is also important especially in trying to understand the country's economic journey.

[@HandM80]

Blame the people for voting for stupid and dishonest politicians!

[@dionisioparillasr.9228]

Its no brainer, the politicians!

[@architectTy]

we need more of this please!!! more success!

[@e.r.t]

We lack more high value jobs, graduates are not well-equipped, infrastructure is not up to global standards, policymakers lack an ambitious and cohesive vision for the country - just look at our major international gateway.

[@edwinbartolome9645]

We need to harness the following: 1.) Manufacturing 2.) Mining 3.) Agri-Business

[@narutos138]

Mga pang slave na trabaho mag ofw nlng kami😂ang baba ng sahod jan contractual pa pauso ng china ,bukod jan pakyawan ang sahod jan kawawa mga worker.😢

[@armandoabelido4995]

Agree yon naging problema after Marcos wala tayo manufacturing ultimo pako made in China, nawala manufacturing after 1986, minikus menus steel smelting plants sa Mandaluyong at Cagayan, SMC lang napanatili at URC and RFM, more on foods Before AFP made military supply like bullets, howitzers bullets now puro import ma's madali pera sa purchase kasi yon ang masaklap We export rice big-time ngayon nangunguna sa importation. Ng rice, Coal, Pork, Beef, Chicken sad truth

[@armandoabelido4995]

At sumali tayo kaagad sa WTO na nagpabagsak sa pinas coz we can't compete

[@jastatad2744]

superb content!

[@relaxingme4656]

The key is policy, energy and education..

[@wheel_1026]

I agree. However, the keys are headed by the following people Policies - senators like robin and cynthia who are more focused in defending quiboloy. People prefer voting for celebrities and famous people when there are a lot of deserving people who have genuine purpose and well versed with laws. Energy - probably Marcos cronies but I don’t want to judge quickly on his work. Education - headed by the VP herself who’s caught with confidential funds and defended quiboloy but silent with west PH sea issue. Her family dynasty are now fighting the current admin since they’re not benefiting with ICC and other investigations on their family. The head should be a qualified leader who have background so she will have the empathy on what to improve in our current system.

[@primeliquigan3865]

Red and JC in one show... Awesome!

[@thirdysacupaso4513]

LGU politics, one of the concerns of local businesses. Also corrupted projects are mostly came from LGUs down to its barangays. Ask any contractors, they know that. We could've build efficient infrastructures that'll build an economy if only Politicians learn how to embrace the science and data rather than thinking about the elections, kung may masasagasaan na na makakaapekto ng votes nila or padrino, di na matutuloy even if makakabuti naman ito sa lahat.

[@vinniem9260]

In my perspective: 1. No established soverign funds(eg. SG-Temasek, MY-Khazanab Nasional) 2. No major exports (eg. No PH car companies) 3. Infrastructures are not ready (eg. No big highways, railroad for goods and materials)

[@juleslee]

Corruption impedes progress. Hindi lang sa malalaking politika pero madalas sa mga maliliit din na gov't offices

[@sidc.3817]

Add production capacity to that economy, you can easily and significantly reduce unemployment and poverty levels. Consider the people below the poverty line as severely under utilized labor, which could be redirected to staffing production facilities like Steel Mills, Metal Forges, Assembly Lines etc. The economic problems in the country is self inflicted. The Government is over focused on producing Service oriented citizens....Tourism, BPOs, OFWs, etc. Imagine if the Government self invested into 1 or 2 steel mills to produce steel products other than rebars and corrugated steel roofings.... then self invested in a national ship building program for Mass Transit and Defense....and/or self invested in archipelagic railways with transfer of technology for locomotive and cabin manufacturing...local utility of produced products can more easily convert into export products given some time...basically the Philippines needs to export higher technology products rather than solely its own citizens as OFWs or its banana and mango products...

[@user-cy9cn8se9d]

Meron tayong Manufacturing ang problema ay puro Low Value Added, and Magtataka ka pa kung bakit yung mga pinaka malalaking kompanya natin ay nasa services at kung bakit na parang iwas sila (ating mga bilyonaryo) sa Manufacturing, bakit sa tingin mo walang "San Miguel steel Corp" or "Ayala Steel Corp" or "SM Shipbuilding Corp" "Aboitiz Aerospace Corp"?

[@sidc.3817]

@@user-cy9cn8se9d By your argument, Walmart or Costco or Intel should be building ships too....these are big global companies too btw...why aren't they manufacturing cars and planes? -- Because there's this thing called Core Competencies/Values that justify a company's existence. The point still stands: The only way to a better economy is through gearing the country for more production over consumption (service included in consumption). Value add comes from optimizing or overhauling what exists. Anyhooooo .... Im moving on from this discussion...have a nice week

[@OhYeah-bruh]

Philippine system of democracy is for rich and powerful.

[@iseeyou7434]

But majority of you are scared of Cha-Cha

[@johnalbutra7397]

Kailangan natin ng manufacturing

[@10OZDuster]

exactly......but can't manufacture if energy is expensive and unreliable....with manpower or skill not much of an issue....phils is mainly 'human' exporter....and raw material exports doesn't bring much....has to be finished products.

[@narutos138]

Pakyawan sahod sa Manufacturing contractual pa 😂más malala pa sa slave kalagayan ng mga factory worker natin.

[@armandoabelido4995]

Salary should be 30k on entry level 35k, 2 to 3 years experience., 35k years, 40k 6 years to 10 years

[@mikeperigo854]

well... think of it. The PH enconomy is growing but remember as well that PH economy is on the third floor, whille other countries is in the 10th Floor of the ladder.

[@chikalarong4390]

Pwede ba himayin natin isa isa .. Education Health Good governance competent gobernance ( should be on top/ emphasitinh on removing corruption)

[@user-ib9zp9jp6o]

Kahit mababa ang income mo pero matipid ka sa gasto, means marami kang naiipon. May sasakyan, may sariling bahay.

[@oldhaws8009]

Measurement for economic progress ko is KULAY NG SEMENTO...Sa abroad, maputi ang semento. Dito sa Pinas, MAITIM!

[@bonkersblock]

Mga investors sabi nila mahirap mag tayo ng negosyo sa pilipinas, kaya pupunta na lang sila sa vietnam! Pero sabi din ng mga investors madali raw magbenta ng mga producto nila sa pilipinas! Kaya gagawin nila ang produkyo sa vietnam? At ibebenta nila ang producto nila sa pilipino! May tawag diyan! Capital flight! Wag ninyong bilihin ang peodukto ng mga dayuhang hindi nagnenegosyo sa pilipinas!

[@arnonpc111]

About Agriculture? We need to invest in irrigation for rice industry. We only plant & harvest twice a year. We could have planted/harvest trice if we can plant even in summer. Our creeks & rivers do not dry even in summer, but we can not do so because our farmers could not pump it. We need to have pumps for individual farmers which do not need gasoline/diesel; a transportable solar pump to distributed to farmers. I know our Dept of Agriculture is distributing gasoline-feed pumps. But, this could have been outstanding if they would invest, or distribute in transportable solar pump. It would not cost that much for a 2kw solar panel/inverter/submersible pump set-up which can be drawn by a carabao in a welded/wheeled cart. Also, the government should not anymore allow rice mills to operate if those rice mill operator will not invest in industrial palay drying equipment which can be fueled by rice hulls, with the financial assistance from gov't. This is para maiwasan yong delay ng milling at yong nagbibilad sa kalsada.

[@buttsalads2764]

No. Agriculture is a low productivity sector. Not to be neglected ofcourse, but much focus should be on Manufacturing

[@jai9587]

Love how Red has a notepad and he’s engaging

[@Dot.Figures]

Nagsusulat yan ng jokes para sa next netflix special kaya may notepad siya.

[@alfredhitchcock45]

Syempre talk show yan eh

[@4rct1c9Ic3m4n]

PH too reliant on OFW remittances to bolster its economy. Should diversify more to manufacturing

[@GamesMaester]

13:56 construction slows down mobility of transpo in its duration, but is beneficial long term when done efficiently. Pano di makakatulong in the long run?

[@kuyaidol560]

Apparently, infrastructure development primarily catered sa private car use (ex. skyways, flyovers, and expressways) could be detrimental in the long run. With this kind of so-called development, mas magiging convenient ang paggamit ng private vehicles; therefore, bibili ang karamihan ng sasakyan, which will ultimately cause heavy traffic in our cities. And, as we all know, the country incurs significant economic losses due to traffic, and not to mention pa rito yung effects sa quality of life ng karamihan. Notably, this very point is not tackled upon sa mga discussion about decongestion of Metro Manila; many would suggest na i-spread ang development sa ibang cities, which is an idea that should be welcomed. However, if hindi isasama ang mass transportation sa equation, mararanasan lang din ng ibang cities yung problema ng traffic gaya sa MM, which is actually happening na rin somehow sa Greater Manila Area (Aguinaldo Highway, I'm looking at you!). edit: As I was watching the video, inexplain na pala ni Sir JC Punongbayan yung puntong nais kong iparating around the 24 minute mark.

[@pinoybasicliving8090]

ang problema po sa education natin ay may mga bagay na dapat ituro ang hindi itinuturo..at may mga bagay na hindi na dapat ituro ang itinuturo..for example po is in history,pati mga pangalan ng lahat ng kapatid ni jose rizal kasama sa exam..pero un essence kung bakit si jose rizal ang national hero ay hindi napapaintindi mabuti..

[@ceroseraphim6287]

hina nang audio po. producers, invest kayu quality na lavalier microphones

[@manniejavilla466]

Masyadong binabarat ng local na negosyante ang ating manggagawa, dapat un prime commodities ng pnoy una ang bigas ay may control ang govt huawg hayaan na traders magdidikta.. Masyadong napakataas ang presyo ng elektrisidad

[@alfredhitchcock45]

Re kotse di mo na yan maaayos kasi mahirap talagang isolve ang traffic. The solution to that is curbing overpopulation. Ang magiging pinakasilbi na lang ng MRT is ikabit mo sa airport kasi kahit nakakotse di mo na nanaising magkotse pa kasi madedelay ka lang sa traffic ergo missing your flight

[@TonyVD]

The way to calculate expenses is to compare minimum wages of the country vs what you spend. Jollibee meal in the Philippines is 20% of the daily pinoy minimal wage. Jollibee meal abroad with foreign prices is 1% of the minimum daily wage. That is why every Filipino should flee the sinking ship that is the Philippines.

[@alfredhitchcock45]

10M is just a small amount they're really quite immaterial compared to the general population

[@alfredhitchcock45]

Bakit kulelat tayo sa PISA Scores pero ang naisip pa ni Sara na isingit is Confidential Funds? Tapos proud pa siya sa nagagawa niya sa DepEd.

[@julfinch]

Ganito po yan, dati po kasi, ang sukatan natin na exam sa mga estudyante ng bansa natin ay yung mga National Achievement Test na kinokompara ang results ng mga schools natin sa isa't isa. Uulitin ko po, kinokompara ang result sa exam ng school mo laban sa ibang schools na andito sa loon ng bansa natin. Ngayon, naisip ng DepEd under the late Sec Briones sa panahon ni Rodrigo Duterte na hindi tama na sukatin natin ang galing ng mga estudyante natin laban sa kapwa Pinoy lang din. Kung gusto natin talaga masukat yung galing nila, dapat i-tapat sila sa mga estudyante ng iba't-ibang bansa. Para makita talaga how our educational system fare against other nation's educational system. Gusto natin gumaling, gumanda, maging competitive at tumaas ang standard yung educational system natin diba? So dapat lang, tingnan natin performance ng students natin laban sa kanila. At ang ganyang klaseng exam ay nasa PISA or Programme for International Student Assessment na kasama sa Quality Basic Education reform plan nang administrasyon para ma-globalize ang kalidad ng basic education nation. Kaya yung pinaka-una nating sali sa PISA ay noong 2018, since every 3 years ito, next na naganap ito ay noong 2022. Ang kagandahan nito ay, sumali na tayo sa PISA, wala nang atrasan ito. Kumbaga, nagawa mo nang tumalon sa ilog na mabilis ang daloy ng tubig at para maka-survive, walang nang backout2x dito, kailangan mo lang galingan at galingan ang pag-langoy, yun lang. Expectedly, just like any endeavor na pinapasok mo sa buhay mo like pagnenegosyo, singing contest, quiz bee, etc., kulelat talaga ang performance nyan sa umpisa, then assess mo anong nangyari, pag-aaralan mo paano mo ma-improve sarili mo, mag-study ka para mag-improve, masterin kung anong dapat masterin, tapos sabak ulit, then paulit-ulit ang cycle para ma-improve ang sarili hanggang tumaas na yung standard/ability mo. Ganyang ang ginawa ng DepEd natin ngayon na pinagpatuloy ni Sara Duterte. Definitely better kesa sa panahon ni Pnoy na umaasa lang sa NAT. SUBJECT---PISA 2018---PISA 2022---DIFFERENCE
 Reading-----340-------347------- +7
 Mathematics--353-------355------- +2
 Science-----357-------356------- -1 As for the confidential funds, COME ON! Alam nating lahat para saan yan pero nagbubulag-bulagan parin. ALAM NATIN NA ANG RECRUITMENT NG MGA NPA AY NASA SCHOOL GROUNDS! Mga target nila mga leaders ng mga Supreme Student Governments. Kanino ba under itong mga school? Sino ba karapat-dapat manghingi ng confidential funds? Who is the DepEd Secretary again? Ang ingay nyo sa confidential funds pero ang tahimik nyo sa nagbabarilang NPA sa isang elementary school sa Masbate noong mga nakaraang taon. Di kayo naawa sa mga nag-iiyakang estudyante at teachers habang nagtatago sa mga classroom.

[@alfredhitchcock45]

@@julfinch spokesman ka ba ni sara

[@julfinch]

​@@alfredhitchcock45 No, I am just an ordinary citizen who is happy to be part of your educational journey today. The knowledge that I imparted to you is publicly available, and I took on the role of someone who absorbs and understands the information and breaks it down for laypeople who need explaining.

[@alfredhitchcock45]

Top 3: 1. Utilities - power and internet 2. Bureaucracy and corruption 3. Education

[@alfredhitchcock45]

Re Singapore maliit na isla lang sila so talagang cinontrol nila ung sale of cars sobrang mahal ng tax to disincentivize car use.

[@alfredhitchcock45]

Education - improve PISA scores Health - di mo naman maiimprove ito unless madaming pera ang gobyerno to fund universal healthcare Agriculture - mechanization is the key

[@joewill8496]

may chance ba mag guest dito si andren

[@salyooooylas6331]

Educate the filipino people for the system of meritocracy having a good public servants. Yan ang sabihin nyo, hindi kung ano-ano pinag uusapan nyo.

[@alfredhitchcock45]

Re dun sa kotse, siyempre pag inangat mo ang poverty mas madaming makakabili ng kotse ergo will contribute to traffic. So ang solution is to slow down overpopulation. So kahit yumaman ang Pinas at present birth rate, dadami lang din ang kotse contributing to more traffic

[@LANCETIME]

LEARNING POVERTY!!!!!!!!!

[@theJURN88]

Sa america kahit may insurance. Ang mahal pa rin ng copay at deductibles.

[@alfredhitchcock45]

Ano gusto mo libre

[@fortyozfreedom3456]

Because they make tusok-tusok the fishball

[@nashhernandez1012]

Kung maganda ang health system dito sa atin, in terms of hospital, emergency systems, doon ko msasabi na ok na ang bansa natin. Magpaospital ka ng pamilya mo dito na middle class ka, hindi ba mahirap? kahit middle class ka na? HMO, Philhealth is not enough. Learn from other countries on how they do it.

[@alfredhitchcock45]

Actually mali siya sa Agri. Yes it is true that Developed Countries become rich through Manufacturing but at the same time nadadamay na din ang Agriculture nagiging mechanized

[@chasericafranca8737]

Wackydeedoo

[@deanalilio3930]

Sa basic lang. Mabasura, maputik at maalikabok sa Pilipinas, esp sa Metro Manila. Try mo lang alisin yung kalat mag-iiba na e. E wala namang gumagawa at gagawa.

[@mhartinleal9362]

Get rid that 60/40 rule in the constitution.

[@meditatesleepandtravel8795]

Until now they don't know? hahaha..kawawa.

[@martdi89]

Cielo Magno next!!!!

[@manny3202]

Si mayor, congressman, governor, senator, vice pres, president lng yumaman

[@phhistoryenthusiast6461]

The Philippine is energy poor. That's what's wrong with the Philippine economy.

[@janlester]

Syempre top 1 ang education poverty sa isip niya kasi against siya sa Department Head nun 🤡

[@patpancil7842]

KULTURANG KORUPT, KULTURANG WALAND DISIPLINA

[@WAN2TREE4]

Ang Pinoy pag tinanong mo kung "may trabaho ka ba?" ang sagot "meron namang kayod paminsan-minsan" when in fact mas madalas wala sya kayod (nahihiyang matawag na istambay) but they are categorized as part-time EMPLOYED by the govt to make their data look good. Very misleading.

[@uncommon_name9337]

Deep down we all know its the people and culture.

[@Dot.Figures]

Wakididoo

[@salyooooylas6331]

"BAGO KAYO MAG EXPECT NG KUNG ANO-ANO, IKUMPARA ANG PINAS SA MGA KAPITBAHAY NA BANSA NA MAUUNLAD, AT MAG EXPECT NG MATAAS NA ECONOMY OR HIGHER GDP OF INDIVIDUAL PAKI TANONG SA ATING MGA MAGULANG KUNG SINO ANG RESPONSABLI BAKIT TAYO HUMANTONG SA GANITO. SIMULA NOONG ADMINISTRASYON NI CORY, NI FIDEL, NI GLORIA, NI PINOY, NI DU30,.....SINONG BOMOTO SA MGA IYAN, ANONG KINALAMAN NIYAN SA ECONOMICS NG PILIPINAS. COME TO THINK OF THAT!"

[@jai9587]

Economics is concerned with improving our country. Ang pulitiko na mga nabanggit mo ang mga hadlang

[@kennethromero440]

bawasan yung ibang oras sa ibang subject tas idagdag sa Math and Science, tapos taasan yung percentage para sa mga teacher makapasa ng board and taasan din yung sahod. Win win diba

[@pongtswaila7922]

Reason: too much politicking, poor education resulting to bobotante. Lumalakiblng middle class dahil sa OFW.

[@WAN2TREE4]

Yan ang gusto ng mga PARASITIC POLITICAL DYNASTIES para laging umasa ang mga bobotante sa "tulong" na ibinibigay ng mga pami-pamilyang nasa pulitika.

[@user-ib9zp9jp6o]

Show your data, donot just na ganon kulilat,...

[@pjc_deleon7290]

i'm sure may data si JC Punongbayan. he's a Professor sa UP Diliman, Summa Cum Laude sa Economics, at ayan talaga inaaral niya. pero siyempre, dahil pang masa ang video na to, gusto iminimize ang technical talk.

[@markjosephdolotina4762]

@@pjc_deleon7290 patawa ka

[@armandoabelido4995]

KAMOTE YANG GUEST MO KAYA ICHACHARTER CHANGE PARTICULAR SA FULL OWNERSHIP NG FOREIGN INVESTORS NEED MO PA LOCAL PARTNER SA PINAS WALA TAYO FOREIGN DIRECT INVESTMENT KASAMA NA BUREAUCRACY BABAGUHIN SYEMPRE

[@WAN2TREE4]

Kamote daw lol dapat ikaw mag-guest ng malaman natin ang talino mo.

[@tengperez4583]

CORAPTION THE MO ALAM BOGOK.