Students Explain What Economic System The Philippines Should Have

Senior students were asked to answer this question in their Economics class: What economic system should be enforced in the Philippines?


It is really a tough question because you really need to think and weigh things to find out what economics system should be enforced here! In the first place, Filipinos are free people so it means that command economy is not suited for us. Another reason is that most of our government officials are corrupt. Instead of making our country progress, they will just fill their pockets with gold and us, we will starve to death. But because of being free, we sometimes lose control of ourselves and it only makes obvious that we still need someone to pull and stop us on stepping/ taking advantage on other people. Because of greed, some businessmen make the prices of some coops higher if they are mostly bought by the people. In that case we simply need some government intervention for the good of everybody. With those explanations, mixed economy is the economic system that is suited and should be enforced in the Philippines. But, our problem is the people, not the population but our attitude of being selfish, lazy and dependent. If the people will just elect honest politicians and if only the people will just care for one another and will just work hardly as if they are on the edge of survival, any economic system will suit us and we will attain what we call progress. (by Micho Santillan)


I do not prefer capitalism to be enforced in the Philippines because it would only make little people more little. Unlike in the United States, a whole lot of children have the capability to go to school than here in the Philippines that is why Capitalism fits their country. Here in ours, only some could afford to go to school and only a few are able to go to college. If that’s the case and capitalism is implied in the country there would only be few who could establish their business. People who had not gone to college could also go for a business but would they able to compete against those who have more knowledge than them? Filipino people are so hard to predict so I would prefer Mixed Economy to be enforced in the Philippines. If Command Economy would be implemented, the Filipinos would only rebel against the government. What happened during Marcos’ regime is a proof to this. And one more thing; we don’t need to change the type of economy we have. We only need to have good leaders in our government that would help participate with businessmen and whose priority is the welfare of the Filipinos, not their personal interest as individuals. We have a great economy- it’s only this that we need!!! (Jeremy Deogracias)


For me, mixed economy dahil may karapatan ang bawat tao na kumitang malaking pera sa kanilang sariling negosyo. Gusto ko ito ipamalakad sa ating bansa dahil maraming tao ang kumikita ng malaking pera hindi lamang para sa kanilang pamilya. Makakatulong ito ng malaki sa ating bansa para umunlad at maraming matulungan. Gusto ko ito ang maging economia ng bansa dahil kung command economy ang ipamamalakad ang lahat g tao hindi kikita ng malaking pera para sa kanilang pamilya. Hindi rin sila makakagawa ng gusto nila dahil nagdidipendi sila ng kanilang gagawin sa gobyerno. Kaya nga maraming negosyante na mayayaman dahil palagi sila nakadependi sa gobyerno at nagpasip-sip. Sa lahat ng mga economia ito ang napili ko dahil nasanay na tayo sa ating economia dito at nakakatulong ito ng malaki sa ating bansa. Marami din ang umuunlad na mga makakabayan natin dahil makakatulong ito ng malaki. (Loraine Guilaran)


In my own opinion, I choose Traditional or Subsistence economy. I choose this because I believe that the people of the Philippines should learn how to be independent on their selves and to be contented on what they have. Every one of us thought of everything just to lift up our lives to the fullest. So, we tried everything just to accomplish our goals and never think of those people who are left behind. In traditional, I believe that everyone would be equal. Equal? Others might think that it has negative effects but still I believe on its positive side. Others might also think that if we start all over again where every body is equal, “amu man gyapon” because “ang goal sang mga tawo” is on how to get a good profit. Try to think of it, “ di bala, ang mga tawo gapalamang para lang may ganar.” And in that way people learned how to be selfish where “masters and slaves” and “rich and poor” was introduced. My point is, it would be so great that we are not thinking on how to elevate ourselves but on how to survive that equality will prevail not discrimination “ kag para mabuhinan ang mga tikalon sa kalibutan!” And that’s why I choose Traditional or Subsistence economy. (Aeriel Guadalupe)