The true sign of progress
February 9, 2013 6:57am CST
According to Franklin Delano Roosevelt, "The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough to those who have too little." It is ironic that the Philippine stock market is reaching record highs, infrastructure is in boom, and GDP is highest in Philippine economic history, while there are still many of the people are struggling to make ends meet and indigents litter the streets.
11 Feb 13
Hope this rise in GNP will help a lot of unemployed to have job , homeless to have home , crimes to lower down , food and medicines to the unfortunate ones and irradicate malnutrition. I hope this is not only good in number but when in its implementation , the real figure would be lost ! I wish and pray that with the high GNP , the law breaker will be afraid to do heinous crime anymore and can have a peaceful , safe country then.
1 person likes this
• United States
12 Feb 13
The problem on high number of indigents litter the streets and an extreme poverty rate among the population can still linger even after Stock market reaching new high, or GDP expansion is highest in this century, or more infrastructures are built than ever before, if the economy policy of the government doesn't take into consideration of a formula that fairly distribute its wealth among all income group within its nation. When the means of production and major economic pies are only in the hand of the well connected wealthy elitists and oligarch, no matter how much economic progress had been make in the past, a large percentage of wealth generated in the land would always pass on to a few individual rather than benefit the masses, there is nothing ironic about this fact of reality, economic progress of a nation is not a measurement of a Genni coefficient.