Bong Mendoza's blog | reflections on political economy, Philippine & world..
Bong Mendoza is a faculty member of the Department of Political Science, University of the Philippines (Diliman) and is primarily interested in Philippine politics and political economy as well as political philosophy and global affairs. He used to write for Business Day (covering the finance beat) and the online edition of Inquirer.
https://usapangecon.com/2018/09/20/mga-dapat-mong-malaman-tungkol-sa-exchange-rate/ Mainam ang pagpapaliwanag ni G. Jefferson Arapoc hinggil sa exchange rate, o yung katumbas na halaga ng salapi ng isang bayan sa salapi ng isa pang bayan. Sa ating mga Pinoy, ang pinakababantayan nating exchange rate ay yung palitan ng ating […]
Ang post na ito’y isang reaksyon sa isang bago at mahusay na blog, Usapang ECON, na inumpisahan ng mga mag-aaral ng Ph.D. Economics sa UP School of Economics at iba pang mga pamantasan sa labas ng bansa. Nandito po ang kauna-unahang blog ng Usapang ECON: https://usapangecon.com/2018/09/17/ano-ang-katotohanan-sa-inflation/ ________________________________________________________ __________________________________________________________________ Ang […]
The felicitous relationship between human development, preference for democracy, and other positive or modern political values has been argued in extant literature. Welzel, Inglehart and Klingemann (2003) demonstrated that socioeconomic development, emancipative cultural change and democratization constitute a coherent syndrome of social progress – a syndrome whose common focus has not been properly specified […]
What a “post-truth” world is — a place where shared, objective standards for truth have disappeared. Is it the same as a post-modern world which refuses to privilege any truth claim supposedly because there is no way or no acceptable standard to test competing truth claims? Close but not the […]
https://www.marxists.org/archive/marx/works/1867-c1/p1.htm What was Marx’s transformation problem? In Volume I of Das Kapital, Marx starts his dissection of capitalism with the concept of value and builds on it his theory of surplus value. Marx declared that capitalism’s secret is the commodification of labor power. Labor power is the only […]
I. The Austrian School of economics, founded by Carl Menger, is the champion of libertarianism, apostle of free markets and the laissez faire state, and of course, the bane of Marx and Marxist political economy. Together with the Englishman William Stanley Jevons, Menger and Walras were considered the first generation of the so-called […]
Nobody loves taxes and the tax collectors. The latter were often killed and robbed in the ancient days. Woe to the politician who campaigns on or is associated with a tax increase. Exhibit A: Senator Ralph Recto, who was not re-elected at some point as he was strongly associated with […]
Originally posted on Political Photo-Poems: ? HELSINKI, FINLAND – JULY 16: U.S. President Donald Trump (L) and Russian President Vladimir Putin arrive to waiting media during a joint press conference after their summit on July 16, 2018 in Helsinki, Finland. The two leaders met one-on-one and discussed a range of issues including the 2016 U.S…
Originally posted on Political Photo-Poems: Nuclear weapons do not make war between states impossible, implausible, or unwinnable They only make wars between Great Powers ‘cold’ rather than ‘hot’ shooting wars Even if ‘cold’, a cold war is a war just the same! Cold wars kill they maim and silence they produce orphans and widows and…
Before martial law It must be pointed out that even before he became a dictator, Ferdinand Marcos was already quite adept in making (ill-gotten) money for himself and his family. While he styled himself as a war hero and head of a swashbuckling guerrilla unit (later avowed by the US military as non-existent), Marcos was […]