A NEW ECONOMIC THEORY

A NEW ECONOMIC ORDER
I don’t really how to begin. I’m neither a master of economics nor a multi-millionaire who has sufficient credentials or wealth to espouse my ideas regarding business and economics. I am doing it anyway in behalf of the infinitesimal man - to tell the world why the status quo is flawed. Let us end the lies and deception behind “the purported natural economic laws”. These supposed to be “basic principles of economics” should be abolished or sidelined. I don’t know how much burden or loss this has caused the common man ever since Adam Smith preached his theories more than 200 years back.
With due respect to Adam Smith, He is an economist and a writer. I should say he is a prolific writer, having spun tales and theories behind only two words: greed and pride. I am sorry that I cannot adhere to his theory of “laissez-faire”. For me, a free market does no longer exist at this age or time. There is no free market. The market is always inclined on the side of the rich or the powerful. It is always in favor of the capitalist. All businessmen will always think of a way to earn more. Money, money and more money: this is the nature of man. It is greed that fans the need for more profit. This is as natural as it gets. Nowadays, I could not morally accept something like “demand and supply”. The forces behind them (behind the two forces) are so lopsided that I could not make a sound and fair mathematical equation relating the two.
We see this everywhere. The poor consumers do not have any strength or power to counter anything leveled against them. We can cite thousands and thousand of instances or situations where this is true. I will only mention a few cases and leave it to the common man to cite their experiences. Anyone who wants to share their experience or knowledge may send or email their comments.
I will cite an example where even I could not believed happened but it happened anyway. This is the case of Roche and other big Vitamin manufacturers who established a cartel among themselves to the detriment of the consuming public. You should know that it is the common man who is the end-user of vitamins and when this cartel slaps an unfair price. The infinitesimal man has no power to resist it. The American government has since discovered and penalized Roche, BASF and other companies for their malicious act. I love the American justice system. It really works. However, in this case, we, the common men who were directly harmed from their action did not benefit from the retribution. Sadly, the cartel operated worldwide but the supposed justice was not felt worldwide.
Another unfortunate case is the price of petroleum. This is also a cartel of the highest degree hiding behind the so called world market price of petroleum or a “commodity” as they call it. I will not expound on this. I believe there are articles that expose their schemes. In the future, I will make my ideas known on the stock and commodities market.
I often hear the phrase “people who has less in life should have more in law”. From the house of legislature to the halls of justice, everyone pays inutile lip service to such a powerful and sacred statement. If you ask me, all I want is more action. I need to see more concrete steps that will really improve the lot of the poor and in common parlance, “alleviate their sufferings”. However, everything seems to be mere propaganda. Ever since the time people learned how to organize and this includes the passing of laws (legislature), I believed everything that has been created favored the rich or powerful. I am not a master of laws but can anyone tell me if you know of a law that sayeth: The poor shall not hunger or thirst or maybe the poor shall eat three times a day and the state shall make sure he does. So people, can anyone research this and let me know. Try doing this for the last 2 or 3 centuries.
I will also cite briefly on the case of the Philippines and how the big petroleum companies manipulates government policy in order to favor their position.
The government created the so called oil deregulation law which was supposed to benefit the public. In reality, this is just a cover in order for petroleum companies to gain more profit. The law becomes a schematic way where they can price all they want and legalize the status quo. The cartel is still very much evident and the infinitesimal man cannot do anything but to be compliant. Bite the bullet could be an appropriate term for this experience. I am sorry. The government is not stupid. It is just corrupt. Energy Secretary Reyes is not stupid.
May the wrath of God fell upon those who oppress the poor! What’s more! Greed heaped upon injustice. Let us zoom in to a lonely place in Bulacan, Philippines. It is that stretch of McArthur Highway along the municipalities in Bulacan. Any “global” businessman would find this incredible if not unbelievable. This is it. Do you know that gasoline stations along the highway sell their products at about P5.-/liter or P6.-/liter higher. I don’t know how they can justify this. I can’t even imagine how in conscience they can do this. Hauling gasoline could cost P0.50/liter at the most but people the infinitesimal man can do nothing about it. They do it. This is oppression to the limit. Do you know that there are several thousand jeepneys plying this route. Many of them would suddenly stop by a station. Whoops! There is not enough gasoline and they will buy 2 to 3 liters at a time and doing this 5 or 6 times a day. Do you know what this means? This means that every time a jeepney driver passes by, you are robbing him P10.00 to P20.00 and you robbed him 5 or 6 times a day. This is the standard Philippine economics and sad to say it is prevalent in everyday life.
I will post the above temporarily but I still have more to say. Till next time.