Social market economy, atbp for presidential candidates

Last of 2 parts

The introduction to the social market economy (SOME) in the first part of this article last week hinted at a Filipino version for the benefit of the five main presidential candidates, each of whom can take the presidency. But supporters of SOME and the federal-parliamentary (fed-parl) government must determine who among them approximates these concepts, dismissing their statements of motherhood and passing them off as ideological tenets.

We have been duped by candidates who backtracked on political and economic reforms once elected. It is extremely important that these elected senators be on the same page as the next president in a show of political will to work together to initiate the revision of the 1987 Constitution.

Extracts

We continue with excerpts from last week of my past columns (November 11, 2016; January 3, 2018):

“In the capitalist system, where the practice of an unfettered free market is undisturbed by the state, the better capitalized players will tend to dominate, distorting the market mechanisms. Cartels, oligopolies and monopolies arise and end up exploiting the weakest players.the fittest” is not only axiomatic but becomes the guiding principle.

“Both systems therefore go against the Christian conception of the value of the dignity of the individual. To be sure, there are fine distinctions in the two prototypes and the marriage of these nuances: social betterment and left-wing safety nets; and the tempered laissez-faire free market spurred the Germans – after their near post-war devastation – to create a new economic order. The social market economy within a few years brought about the German economic miracle with stable democracy, social peace and stability – making the country the strongest economy in Europe.

“The three pillars of the social market economy:

“1. Free market. A system designed to enable all those who privately own the means of production to produce goods and services and also to enable the acquisition of the same goods and services at an agreed price. This interaction between the supply and demand is the fundamental characteristic of a “free market” economy, so the market should be the sole arbiter of the prices of goods, commodities and services.

“2. Strong state. The role of a strong state in the social market economy is primarily to establish, maintain and protect the competitive environment and to regulate market mechanisms to prevent market distortions by the emergence of cartels, oligopolies and monopolies.

“Free markets are inherently blind to human inequities and disregard the weak and physically handicapped members of society, the sick and the elderly. Nor can it resent the oppressed, children and the destitute. defense.

“Our vision for the Philippine version of SOME does not stray from the German model and in fact uses it as a starting point. This will require amendments to the Constitution and laws correcting decades of wrongdoing. be infused into all aspects of Philippine economic life.

“It is not centralized state planning and control that takes away from the individual the freedom and incentives for good work. It is not inhuman capitalism, a rule of money without respect for the weak human beings.”

economic order

“Our current economic order was passed down by Americans, technically our landlords from the turn of the century until the end of World War II. So we’re most familiar with ‘free market’ economics. That’s a value key that also exists in the German model. The other important factor is the one handed down to us by our Spanish colonizers; our Christian faith, which also values ​​the inherent dignity of man. This crucial concept is the driving force behind the post-war political and economic order, so there is no fundamental contradiction between the German and Filipino economic order, and the transition could work.

“Our economy has been characterized by a few major players who are also the major players in the political arena. The same political dynasties also hold the levers of economic power. These are fundamental inequities that lead to further market distortions. Modern oligarchs of our times are the ruling families since then – including the Aquinos and the Cojuangcos – who have not only ruled our political lives, but have also penetrated the economic system.Nearly 80% of the country’s wealth is controlled by the few ruling families (Inquirer.net)

“The economic boom appears to have benefited only a tiny minority of elite families. Meanwhile, a huge segment of citizens remains vulnerable to poverty, malnutrition and other bleak development indicators that belie the apparent growth of the country.

“The strength of a state is not measured by the strength of its armed forces or its police or the behavior of a dictator who controls the levers of power. This strength is measured by the ability of the state to enforce the rule of law equally to all its This strength is then reflected in the fact that citizens respond positively to the actions of a strong state with similar conduct, respecting the rules and laws imposed by the state legally , legitimately and fairly.

Conclusion

“In essence, the social market economy is the consequence of the clash of two great ideologies – capitalism and socialism – which dominated the world economy long after the Middle Ages and after the informal disappearance of feudalism. impetus of this conflict is the search for and the definition of the common good seen from a different historical point of view.

“The model continues to evolve and will inevitably be a dominant force simply because of the injection of the universal concept of human dignity, its core value.

“The ability of the social market economy to reconcile opposing forces with its promise of freedom, justice and solidarity will undoubtedly inspire our government to put the welfare of our people first.”

where we are today

Candidate Duterte’s position was similar to that before he took power. Many of its policies were initially oriented towards certain principles of the social market economy which were essentially the guiding economic programs of Nene Pimentel’s original PDP-Laban. The party can still adhere to many of the guiding principles telescoped under the following slogans: “theism, authentic humanism, enlightened humanism, democratic socialism and consultative and participatory democracy”.

Based on these principles, where are BBM, Leni, Isko, Ping and Manny, and the senatorial candidates? More importantly, who among these people, once in office, will adhere to what they believe in and push for what is required?

My next articles will attempt to critique the top five presidential and selected senatorial candidates vis-à-vis Democratic Centrist (CD) positions outlining the ideological underpinnings of SOME, Fed Parl and the removal of anti-FDI provisions from the Constitution. of 1987 in the hope of guiding intelligent voters in their choices.

For comments: [email protected]

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