Philippines: Poor becomes poorer, rich becomes richer.
October 3, 2008 11:19pm CST
The other day, a friend and I were talking about why the Philippines remains as one of the poorest country in Asia. That's because the poor people are controlling the prices of basic commodities. Since it's cheaper here, the rich people who earn a lot have more value for their money, hence the rich becomes richer. What are your thoughts about this?
2 people like this
4 Oct 08
I really don't think so. The rich becomes richer because they are the ones that hold the basic commodities that the people need. Look at Sy's, Ayalas and the Lopezes, they hold the major commodoties or services that the masses depend on that is why they became richer by the day. Why the poor becomes poorer is because they tend to depend too much in these big companies in terms of employment or needs. They lack the education or the education they can afford is not enough for them to be ready to learn that the rich people learn in their exclusive schools. Unless a poor people has an ability to do what the rich people can do. Kids with special talents are the ones picked up by these rich people for their use too.
4 Oct 08
I think this is the case all over the world at the moment, and i think it will always be, the poor people have to struggle and the rich people winge about only making one million dollars profit instead of makin two million , and because they didn't make the bigger profit the poor people have to pay more for the things so the rich people can make a bigger profit next time....and if they stopped giving the rich people and politicians all the free perks they get maybe the poorer people may get a bit of a break...