Why the Philippine Capitalist Economic Model Failed

Produced by: Behind Asia Team
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[@Researched-q1q]

The problem with the Philippines is the Filipino mindset.

[@SlimjimMK11]

Your 9 words said it all..

[@josepanicucci8591]

PH is heaven on earth for rich Filipinos only & not for foreigners to invest & settle foreigners in PH can't own properties full business ownership & have very limited rights foreigners can be naturalized PH citizens if born & raised in PH like the prominent Spanish Ayala family which is not the case of newcomers

[@markagnes9206]

@@josepanicucci8591 learn be more patriotic boy! ikaw ung taong puro ngaw ngaw wala naman ambag sa pinas. kc gusto agad maging SG ang pinas haha. qaqu

[@alma09876]

There are few foreigners who have become naturalised Filipinos.

[@codelessunlimited7701]

The Philippine economy is a crony capitalism, it is not a free-market capitalism. If you read the Philippine Constitution, its economic and political laws adhere to many socialist programs.

[@viobenebeltran104]

Correct particular the education has highest funding and 60/40 business owner

[@codelessunlimited7701]

@@viobenebeltran104 Not only they spend so much on education, but they expanded more bureaucratic program on education. Now, they have a new department called the Maharlika Fund, where it's funded by the taxpayers thru allocations of another government pension programs, and the sovereign fund is managed by wealth management funds. Crazy!

[@abrahamdsl]

"The Philippine economy is a crony capitalism" .. thanks #marcosMAGNANAKAW

[@codelessunlimited7701]

@@abrahamdsl Yea it is a sad state of the nation. Crony capitalism has long existed in the Philippines since its independence. But the 1986 Philippine Constitution was the final nail to transfer the economic powers of the country to the few supra elite families, oligarchs and mega corporations, which seems to me the Philippine 1986 Constitution seems like written by corporate lawyers and not legislators.

[@Walt-vy7vf]

​@@abrahamdsl you do know Marcos agrees with the charter change to remove the 60/40 ownership for the benefit of businessmen that wants to invest on the Philippines?

[@edwardszolina7214]

The problem with Philippine capitalism is that there is a concealed monopoly. Many Filipino politicians come from political clans that happen to own family businesses/corporations or are business investors. These "politicians" are passing and enforcing regulations that make it difficult for foreign investors to start businesses and SMEs to develop and grow, particularly if their business competes with the politician's family interests. Another is the Mafia-style extortion by corrupt politicians. When they learn about a new investor establishing operations in the country or see an expanding company or corporation, these corrupt politicians asks for major shares of the company rather than money. This is why many of them became "investors". During the time when the Philippines was still looking for a foreign telecom company to invest in the country in order to end the PLDT and Globe duopoly and improve the country's internet service. A gossip circulated among Filipino stock traders about an Australian-based telecom company that expressed interest and began setting up an office in the Philippines. A former cabinet member approached the Australian company and asked for millions of dollars to act as an agent to the government in order to secure the third telecom franchise. Eventually, they fled the country in disgust.

[@kerjulon]

@@edwardszolina7214 mismo. Kso, sa typical Filipino sa socmed ke college grad or undergrad eh ibibida at ipgtatanggol cla. Ex. Eh mgsumikap at doble/triple income ka kc kesa tambay, tamad o kaya eh maccpag family nila kaya mayayaman d gaya ng krniwang Pinoy na min wage earner mindset. Eh, cla2x rin mga kkk ng mga corporation sa buong Pinas. 😮‍💨🤦🏻‍♂️🤡

[@detourr]

I blame the rotten system and the 60/40 FDI. Those are also the result why we have a lot of OFWs and business monopoly.

[@alma09876]

Filipinos had never learned. The Filipino first policy in 1950s was proven a disaster, and yet they repeated the same policy again in 1987 Constitution.

[@kaweeweweta3705]

When corruption becomes the culture

[@seokoking6956]

The problem with the Philippines is the leaders don't put the interest of the country and its people first.

[@jylefranzcayabyab2982]

PH can't compete on the world stage just yet, premature

[@SlimjimMK11]

It NEVER will. NEVER ever has,,

[@vicenteaguirre3122]

We must pressure big companies/super rich individuals to embark on projects like building roads and bridges that will connect the whole country thereby promoting quick and cost efficient local economic exchanges. Ask them to do (big corps and individuals) what SMC does.

[@georggeorgeus8718]

Phillippine had a good deal with China to do build good infrastructure, instead the new president ruined that because of making a bad deal with USA to have more US military in Phillippine to threaten China, so now Phillippine more US military and bad infrastructure, instead of letting China building good infrastructure and buying Phillippine banana and other goods.

[@SlimjimMK11]

No profit for the ELITES in doing those things.. Be proud of the holes in roads and parking on sidewalks..

[@NCM-xy8ow]

Name a single previously 3rd world country that got rich or even middle income by following the American model (both economic and somewhat political). None...zilch. The Philippines is a very good example.

[@infinitelight465]

Yes. And majority poor living in slum and have to sell their children and grandchildren as modern slaves and prostitutes. What a model to follow!

[@alma09876]

South Korea, Japan, Taiwan.

[@NCM-xy8ow]

@@alma09876 their political systems are not same at all with the US. Pinoys just blindly followed the Americans. And Japan was by no means poor before WW2.

[@philippinediver2922]

as a business owner myself it is difficult to grow a business in the Philippines, with the current administration focusing on the welfare of the employees, always approves increase in wages and benefits, electricity cost very high, it will really push us to move in vietnam or cambodia if this will continue

[@rickyboy6390]

What type of business do you run since I noticed you work as a diver base on your profile Pic

[@philippinediver2922]

@@rickyboy6390 diving just a hobby not my work, i own a 6 year old small toll manufacturing facility household products in pampanga, already thinking of moving in vietnam or cambodia, labor cost in Phi now just getting higher and higher and the market wants low cost quality products simply can't meet if we stay

[@philippinediver2922]

cost of electricity too much, that nuclear power plant should get going or else the small businessmen will not grow thus the economy, i lived in middle east and in other parts of asia i can compare the difference of electricity price is significant

[@pitsgrave]

​@@philippinediver2922 your impatient, this admin is cooking domestic and foriegn policies that will benefit all.,better read news and wait for everything to sync..your not informed..

[@philippinediver2922]

@@rickyboy6390 diving just hobby not my work, I own a small manufacturing facility of household products in pampanga 2024 is not very good, silent economic crisis is happening, electricity price is just too much

[@SamA-channel]

The problem with the Philippines is the 1987 constitution this is not the world wide economic constitution that's why so many poor here in the country.

[@godministry75]

Lets pray our leaders for them to be honest.

[@Sumitness]

Despite having peaceful existence & no wars for almost 100yrs, having rich neighbours and getting heavy investments from both US & China. PH is way behind its other neighbours. Good going PH 😂

[@yapcheeseng2735]

Definitely something is not right with the governance or systems. The rich and poor wealth gap is so big.

[@zachary261]

Philippines economy is much closer to a socialist economy than a capitalist one. It has many of the hallmarks of socialism: price control, heavy regulation of commodities like sugar and rice, high taxation on wealth creators and redistributes them to sectors like senior citizens and the "indigents", high minimum wage...and the government is not really democratic because you only get to choose from 200 families.

[@ismailnyeyusof3520]

The Philippine has a huge potential with a smart, highly talented and hard working population plus lots of geographic advantages. The main barrier is indeed the challenging social structure as identified by the world bank. A highly disruptive existential crisis like what Ukraine is experiencing might have potential to become a force for positive growth but, of course, is very expensive!

[@Justice-Zcjh]

After losing the biggest market for your key products, failing economy is not surprising. It's inevitable.

[@steveng1413]

Philippines economy will collapse sooner or later due to geopolitical reasons , macro economy , corruptions , leaders direction, high risk conditions and inefficiency.

[@Tester69Mapping]

nope

[@frankrea6351]

Very informative -- keep up the good work. Thanks

[@bhobg]

So hard to love my country 😢

[@DonJoebert]

Because of Corrupt Politician.

[@jamesmurayao2806]

Because they found out that the philippines had no capital

[@JohanFitFoodie]

Great informative analysis, relocating to Manila after summer and trying to understand the economy better 🇵🇭

[@SlimjimMK11]

Can't win.. Don't try.. Give up now.. Save the trip..

[@JohanFitFoodie]

@@SlimjimMK11 not sure what you refer to exactly, but looking forward to exploring Makati and the development of the country 🇵🇭

[@captainroyalty904]

In my school in Zamboanga, we always do awareness campaigns, retreats, and other activities, events, and projects to help our country. We address poverty, climate change, corruption, destruction of environment, and etc. I hope others follow my school and other universities and organizations that want to address our country's problems, I just pray and hope all our hard word, love of our country, and efforts will actually take affect and make a difference. Also thank you for your amazing content. Where do you get your info from exactly?

[@darkboard5556]

And the result is zamboanga is the most progressive most economically advanced region in the philippines.

[@captainroyalty904]

@@darkboard5556 is that true?

[@SlimjimMK11]

But do get an INTERNATIONAL EDUCATION or just a piece of paper that MIGHT get you an underpaid job here??

[@orvilledave3642]

Succinctly! Thanks for sharing. Everything about the Philippines' governance today is a result of foreign conquest of the country (The Philippines), one the legacy given to filipinos and be it rich, middle class or poor is "Cronism", and since filipinos who were descendants of these foreign invaders wanted a piece of this country, that legacy were transferred to their off springs and well into the generations thats comes after.... Unfortunately, this trait is now ingrained in the mindsets of well-to-do filipinos, the elites, and Politicians.. and so hypocrisy amongts them is somewhat 2nd nature to them, because its be3n normalised by themselves!

[@PutraMing]

😂😂😂FOLLOWING CAPITALIST MODEL OF YOUR MASTER

[@antonioso5700]

Facts check ! totally absurb.

[@kerjulon]

Pagmamalaki n nmn nila mga gaya ng Okada, ASEANA, MoA. Ung water area sa District 1 ng Vietnam para kang nsa Shanghai area eh at continuosly improving. Buti meron tayo BGC pambato 😂 Sa Pilipinas kc ok na mga boring na hitsura at walang ka-character2x, ka-kulay2x na mga establishments, parks like Alfamart at 7eleven sa bawat kanto, FRANCHISE ng McDo, Jollibee, DunkinD, SB, etc. tas min. wage na sapat lng para sa isang tao na may "sariling" inner unit sa gaya ng Lumina o Bria.

[@markagnes9206]

@@kerjulon correct two sided comment unlike this channel very bias to our country as if theres no good thing in here .

[@Martyn-1337]

@Behind Philippines why change of tone and narrative? past videos its all positives and praises, now its all negatives?

[@gilberttello08]

👍👍

[@dwightcamina5927]

You are just basing your explanation from the bias social media, articles and anti Marcos people

[@PedroPonce-q3n]

WAKE UP

[@cnbpix9036]

Truth hurts

[@sontoloyo-zo9er]

there is not a single proud pinoy comment here..i wonder why?

[@cayopauloponce6296]

Marcos is not corrupt.

[@louiedy6659]

Too early to say..

[@cnbpix9036]

Nasaktan ang mga talyanista😂😂😂

[@dcal7301]

This Channel Should be mass report for Biased attempts

[@wazaaaaapikoy]

why is it biased?

[@cnbpix9036]

Masakit ba ang katotohanan😂

[@infinitelight465]

That’s why PH will be poor for a long time with so many ignorant citizens.

[@dcal7301]

@@cnbpix9036 masakit den na ang mga Bestfriend na Chinese Pogo ni tatay digong nyo ay Pinapalayas na lahat 🤣

[@dcal7301]

@@cnbpix9036 masakit den na ang mga Bestfriend na Chinese Pogo ni tatay digong nyo ay Pinapalayas na lahat 🤣

[@chon3493]

Corruption !

[@artiesimek8327]

Catholic church

[@dcal7301]

Beggar Vlogger Begging a Money from Xi Jing Pooh

[@dcal7301]

Beggar Vlogger Behind Philippines/Behind Asia

[@dadahan-qf5mg]

So democracy sucks

[@dcal7301]

This Channel is now a lot of videos about the negative side of the Philippines, completely this is a Anti Philippines Channel I will withdraw my subscription to these Channel now.

[@markagnes9206]

@@dcal7301 thats right and others folks here are angry when i say something about the comment which is true about this channel..

[@Naruto-u2k3n]

True yung post nila sa indonesia dami ko comment binura nila pro china to vlog nato.

[@dcal7301]

@@Naruto-u2k3n we should mas report it if is a Pro China

[@dcal7301]

@@markagnes9206 these Channel has a Two Channels Behind Philippines and Behind Asia and this both channel are anti Philippines and making a negative videos about Philippines.

[@PedroPonce-q3n]

THIS CHANNEL IS MADE BY EXPERIENCED AND SMART PEOPLE SO YOU LISTEN. DO NOT LET YOUR PRIDE OVERRULE YOU.

[@ramongabutina8015]

The Philippines is leading in GDP growth in recent yrs. Phils failed?

[@darkboard5556]

Only now?

[@infinitelight465]

Why did the money from GDP goes to? I wonder.

[@jimlopez5992]

domoble ang presyo ng bilihin, ang sahod ba domoble rin? kung hindi mas mahirap ka ngayon.

[@Walt-vy7vf]

Biased channel

[@dcal7301]

Poor Vlogger

[@dcal7301]

Poor Pro China Vlogger Behind Philippines/Behind Asia

[@Tester69Mapping]

💀💀

[@Tester69Mapping]

40% true

[@markagnes9206]

Are you a supporting PH or an critic ?. Your contents recently are focusing how bad the country is. Well no country is perfect even other countries have a same problem with us or worse than us. Hopefully not to many will watch this garbage content you wont make more money..Middle finger salutes into you

[@josepanicucci8591]

Its true that PH is a poor underdeveloped country Do you deny it? Totoo naman Bakit ka maga2lit? Don't get confused PH is not Singapore or Japan in PH the few 1st class subdivisions for the rich in Mkti & BGC is not the entire PH

[@No_BS_policy]

Naintindihan mo ba talaga sinasabi ng narrator?

[@Naruto-u2k3n]

Mga comment ko nga dito lagi binubura nila, behind chinese talaga propaganda vlog ,nakapag taka lang kasi pinas gamit nila address 😂

[@markagnes9206]

PH will not become rich overtime . it takes time before it happen . The important is we are growing yearly !. Shame on you the admin of this channel

[@josepanicucci8591]

Yes PH will become rich When? I've heard that line a long time ago when I was yet not using anti ageing creams

[@markagnes9206]

@@josepanicucci8591 nag comment yung pangap na pinoy oh . tumira ka sa singapore or sa japan . Langya ka.. wala ka nga cguro masyadong ambag sa pilipinas tapos you go againts satin Hindi ka nga cguro taxpayer dto e. hahaha qaqu

[@codelessunlimited7701]

You said that 35 years ago. It won't happen, and it will never happen until the Philippine law is repealed.

[@ZAZGV]

Not really overtime

[@markagnes9206]

@@codelessunlimited7701 i did not said that but you do. haha stupid

[@ElvinYeo-t2g]

Rent seeking culture don't equal progress

[@ElvinYeo-t2g]

F

[@ElvinYeo-t2g]

Corruption

[@dcal7301]

This Channel is now a lot of videos about the negative side of the Philippines, completely this is a Anti Philippines Channel I will withdraw my subscription to these Channel now.