Ancient history or current events?
Originally posted on Far Outliers:
In 1995, historians Dennis O. Flynn and Arturo Girldez published a seminal article in the Journal of World History entitled “Born with a ‘Silver Spoon': The Origin of World Trade in 1571.”
Global trade emerged with the founding of Manila in 1571, at which time all important populated continents began to exchange products continuously. The silver market was key to this process. China became the dominant buyer because both its fiscal and monetary systems had converted to a silver standard; the value of silver in China surged to double its worth in the rest of the world. Microeconomic analysis leads to startling conclusions. Both Tokugawa Japan and the Spanish empire were financed by mining profits–profits that would not have existed in the absence of end-customer China. Europeans were physically present in early modern Asia, but the economic impact of China on Western lands was far greater than any…
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What political contacts does Ms. Sanchez have that allows her to keep her job? It certainly isn’t tact or talent…
Originally posted on So, What's News?:
TOKYO, Japan — Japanese Prime Minister Shinzo Abe declared earlier Monday, Filipino broadcast journalist Korina Sanchez, ペルソナノングラータ or persona non grata, for “wishing ill will against others.”
Abe, speaking in public after his meeting with officials of Japan Meteorological Agency regarding typhoon Hagupit (Ruby), said that for a public figure such as Sanchez, to say such things towards Japan; is an act “definitely unbecoming of an Interior Ministry’s wife”.
“I am very saddened to hear reports of schadenfreude coming from a TV anchor, who just last year, was was put in her place by Mr. Anderson Cooper of CNN,” said Abe. “That is why without a second thought, I am declaring wholeheartedly Ms. Korina Sanchez of the Philippines, as an unwelcome person anywhere in Japan.”
On the Wednesday, December 3, newscast of ABS-CBN’s TV Patrol, the network’s chief correspondent…
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In the Philippines, this economic prosperity is evident in the way that ordinary households now have difficulty hiring quality maids because they now have to compete with stores and restaurants that offer more pay and more attractive working conditions.
Originally posted on Quartz:
This growth is having a disconcerting effect on the “maid trade” in Hong Kong and Singapore, employment agents in both cities say. In both cities, tens of thousands of Filipino women work long hours cooking, cleaning and caring for children for about $500 a month, often while separated from their own children and families for years. Now there’s evidence some of these women are opting to stay home instead.
Thanks to the Philippines’ stronger economy, wealthy Singaporeans are having to “lower the bar” when hiring a Filipino maid, recruitment consultant Emmanuel Geslani told The Straits Times. Filipino women with excellent English and a good education are finding jobs at home, leaving Singapore’s upper class with no choice but…
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“Those who forget about history are doomed to believe revisionists on the Internet.”
Originally posted on Caroline Kennedy: My Travels:
Speech Delivered Aboard The QE2
By Caroline Kennedy
Leaving the Philippines, in 1984, for what seemed like the final time saddened me. I had spent almost two decades there, on and off, and had assimilated myself so much into its history, its culture and its people that many locals referred to me as their country’s favourite “honorary Filipina”. The advantages were that I could now, from a distance, take a step back and view those two decades objectively. I had always told myself “one day I would write truthfully about the Marcos era” and now here I was in an unique position to do just that.
I had arrived in Manila almost by accident in 1968 and remained there on and off for the next sixteen years. My first decade there turned out to be, perhaps, the most bizarre in my entire life. During that short…
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«Evangelii Gaudium» is a pretty tough read but we (Catholics) must first understand that it is neither an encyclical nor an apostolic letter meaning Pope Francis is not defining an article of Faith here which binds us to obedience.
Honestly, it is too soon for anyone to come to a conclusion. Reading a papal letter, even just an «exhortation» has a number of layers which one must keep in mind when reading to understand. Right now, there are even questions about the accuracy of the English translation coming up. (The original was probably in Spanish.)
To my mind, Pope Francis’ assertions are correct in that he accurately describes a system which crushes people. However, identifying this flawed system as «capitalism» is what is making the Austrian economic community wince. True, it is the same (popular) definition that everybody accepts «capitalism» to be, but then I never expected Pope Francis to have the economic training to differentiate between capitalism, crony-capitalism (US definition), and mercantilism. (I don’t even expect this from professional economists who were trained in Keynesian orthodoxy.)
All this tells me is that we just have to step up usage of the term «Entrepreneurial System» rather than trying to explain to people why their definition of capitalism is just wrong and our definition of capitalism is just right..