Category: rent seeking

Paths to change

By Calixto V. Chikiamco OUR CURRENT situation seems hopeless. Our economic oligarchy is powerful, rich beyond imagination. It controls conglomerates that reach into almost every aspect of Filipinos’ lives, its unassailable position protected by law or other barriers to entry. … Continue reading

Rent seeking

By Calixto V. Chikiamco What’s wrong with Philippine society is that its economic system is primarily characterized by rent seeking. So, what’s rent seeking? It’s the non-market extraction of surplus or profit. It means the profit is generated from licenses, … Continue reading

twitter

follow @stuartsantiago on twitter
  • © Angela Stuart-Santiago