Carpio gets nominated as CJ for 4th time If the problem is too much inequality, then the government focuses on programs and projects that have higher re-distributional functions in favor of the lesser members of society that may even include taxing the rich, based on the ability-to-pay principle, to pay, for services directed at the poor because the free market economy does not guarantee equity and elimination of poverty. In the US, for example, much of the government budget goes to programs intended to help the downtrodden members of their society that Democrat President Barack Obama wants to maintain but which his Republican detractors want to reduce, if not abolish by defunding. Necessarily, government intervention in this aspect of governance must also include providing opportunities for all young people to get good education because its role in levelling the field in the job market and making them more responsible citizens by voting with their heads this time, for example, instead of exchanging their votes for a measly sum.If the problem is economic instability as seen, for example, in high government deficit, high inflation rate, or high unemployment rate (internal imbalance) or high trade deficit, distortions in the balance of payments and the exchange rate, etc. (external imbalance), then the focus of government action is stabilization measures that reduce these imbalances. To achieve internal balance, these may involve changing the level of government revenues and expenditures, which depending on the state of government finance, may require the budget to be in balance, surplus or deficit. In addition, the government’s central bank may inject or take out money from the system that could lead to easy or tight credit, depending again on whether the economy is overheating or cooling. To achieve external balance, some measures may be undertaken to control the trade deficit and the wild fluctuation in the exchange rate. It may also include counter measures to mitigate the impact of financial and economic shocks coming from outside or the inflow of hot money that will easily disappear with the minuteness of change in the economic policies of their country of origin.FEATURED STORIESNEWSINFOSenate to probe Tolentino’s ‘novel legal theories’ on oral agreementsNEWSINFOLocsin wants to drop ‘visas upon arrival’ privilegeNEWSINFOPalace open to make Dengvaxia usable again as dengue cases spikeIf everything is done well by the government that involves careful balancing of its different roles and objectives that are also often conflicting, then the economy functions smoothly. This now assures faster economic growth with higher employment rates, low inflation, stable exchange rate, a more or less balance trade and budget regimes and hopefully with more equity and lower poverty with the majority of the people finally contributing to and partaking of what the nation produces as a whole. As we can see, the many roles that the government must play, the conflicting objectives that it must meet, and the myriad of things that it must look into for the nation not to go astray makes governance not a relaxing past time for people running the country. Unfortunately, many countries in the world, especially poor ones like the Philippines, do not have the luxury of having an efficient, effective, and honest people in government. In our country, many of our public officials, high and low, are concerned mainly of their own personal interest and continued stay in power and operate alongside vested interest groups in business and other sectors that are more concerned only with getting more favors from their friends in government, in winning fat government contracts, protection of their business from competition, and other shenanigans to profit more their investments.If we find our economy unproductive and uncompetitive that leaves many workers unemployed, underemployed or disguised employed, it is not only because our corrupt and inept officials in government bungle our economic policies but also due to the actions of many other key players in national development in the private sector that thrive on the corruptibility and ineptness of our decisions makers in government. I am not saying the free market system (less government) is bad. It is proven superior already by the result of the competition between the free market western economies and the command economies in the iron curtain in the last century. Free market admittedly is good but having plenty of capitalists in our midst does not necessarily make our country a fully working free market even if our government accounts only for less than 20 percent of the GDP measured by the type of expenditures. This is due to the fact that in many so called capitalistic countries, especially poor countries like ours, their capitalism is just ersatz capitalism in reality.MORE STORIESnewsinfo‘Aquaman’ Jason Momoa visits protesters blocking new Hawaii telescopenewsinfoCourt: Non-native Guam residents can vote on status with USnewsinfoAngkas says sorry for tweet likening service to sexMORE STORIESnewsinfo‘Aquaman’ Jason Momoa visits protesters blocking new Hawaii telescopenewsinfoCourt: Non-native Guam residents can vote on status with USnewsinfoAngkas says sorry for tweet likening service to sexIn ersatz capitalism, economic gains are highly privatized but economic losses are socialized. This happens when the power of the capitalists is so strong that they also control government policies for their own good. And the power of the capitalists becomes very strong when the market they are in is highly characterized by oligopoly, if not pure monopoly, that restricts free competition in the real sense of that word. Competition means not just having many competing buyers but also many competing producers and sellers. And I do not think that the second half of that equation is true in our beloved Philippines at the moment.Read Next PBA: Rain or Shine overcomes San Miguel, McCullough’s 51 to avert sweep Senate to probe Tolentino’s ‘novel legal theories’ on oral agreements PM Boris Johnson visits Belfast as Brexit woes hurt UK economy What’s new in town: Eggplant parmigiana deep-dish pizza, tofu ‘kakigori,’ ‘kamias’-date sticky toffee pudding PCSO to focus on improving transparency of gaming activities PLAY LIST 03:26PCSO to focus on improving transparency of gaming activities01:39Sotto open to discuss, listen to pros and cons of divorce bill06:02Senate to probe Tolentino’s ‘novel legal theories’ on oral agreements01:50Palace open to make Dengvaxia usable again as dengue cases spike01:49House seeks probe on ‘massive corruption’ in PCSO01:37PCSO estimates P250M in Lotto revenue loss due to suspension Pagasa: Rain expected as LPA enters PAR SMC bags Bulacan airport project LATEST STORIES An adobo upgrade: Add rosemary MOST READ Don’t miss out on the latest news and information. I had been reading many books in economics and I could never remember reading a line which says that government is there to create jobs. What is the role of government in the economy? Is it to create jobs? It depends on the problem the nation faces.If a country suffers low productivity or inefficiency, then the government will focus on its efficiency enhancing role or objective. This will require moving resources from areas where their value or contribution to gross domestic product (GDP) creation is little into areas that give greater value per unit of investment and greater contribution to the GDP. This also includes building up the infrastructure of the country and providing basic support services to make business profitable and the whole society function smoothly, including changing the basic law of the land and other laws when necessary to make the country more investment friendly.ADVERTISEMENT View comments
New Delhi: The Aam Aadmi Party on Wednesday said several Congress workers, including some from Valmiki community, joined the party in presence of Delhi Chief Minister Arvind Kejriwal.Kejriwal welcomed them and said they would have to work together for the development of the city and the country. “We have fixed to a large extent the corrupt exploitative system that has existed for the last 70 years. This has been possible because Delhi elected an honest government. But this project is much longer than just four years. After winning the next election in Delhi, we have to continue to work towards a better country, a better system. We are committed to ensuring a dignified life for all Delhiites,” Kejriwal said in the statement.Leader of the Maharishi Valmiki Ambedkar Navyuvak Sangh, Harkisan Tank joined the party today, along with his supporters. Tank said, “The Valmiki community is a very backward group in terms of education. Aam Aadmi Party is the only party that makes education a top priority and works on improving government schools. Our children mostly study in government schools and we have learnt that Delhi’s government schools are the best in the country, even competing with private schools.”Asha Verma, a Congress member from Kirari who joined the party today said, We will work with all our energy and enthusiasm to ensure you are re-elected next year.” aap arvind kejriwalDelhi CongressHarkisan TankValmiki community First Published: June 26, 2019, 7:17 PM IST
Story TimelineAmazon Prime price hike inbound: you’ll pay $119 instead of $99 soonAmazon’s home security kits offer pro-install and no service feesAmazon’s new Echo Dot Kids Edition is already seeing deals In fact, there are quite a few tempting deals on hard drives and SSDs. The biggest discount seems to be on a Toshiba X300 6TB hard drive, which has gone from $184.99 to $131.99. If you don’t need quite that much space, you might consider Seagate’s 1TB FireCuda solid state hybrid drive, which is down to $60.99 in this sale.There are also a handful of keyboards on sale, including a few Razer keyboards. Two different BlackWidow Chroma V2 models are down to $129.99, giving you a couple of different options when it comes to mechanical switches. $130 is still quite a bit of cash to drop on a keyboard, so if you want something a little less expensive, the HyperX Alloy FPS Pro mechanical keyboard is down to a reasonable $59.99.Even though the majority of discounts are on storage and peripherals, there are still few sales on more serious hardware. An ASUS gaming laptop with a GTX 1050 Ti and a Core i7 processor is $200 off (down to $799.99), while the Acer Predator Helios 300 is on sale for $949 – $150 off the list price. That laptop comes with a GTX 1060, a Core i7, and 16GB of RAM, so it’s a bit more capable than the ASUS gaming laptop is.AdChoices广告In the end, Amazon’s deal of the day is great if you need to make a few specific upgrades to your gaming PC, but you’re not going to be able to build a new rig using only things that are discounted here. You can check out all of the offers over on Amazon’s deal of the day page, but make those purchases quickly, because after today, these discounts are going away. Amazon is starting the week off with a bang. Today’s deal of the day is all about PC gaming hardware and accessories, so if your rig could use a bit of an upgrade, you might want to have a look at what’s on offer. Sadly, the deals are mostly limited to storage and peripherals, so you won’t be finding discounts on things like GPUs and processors. SlashGear uses Amazon affiliate links, and if you buy something we may get a small share of the sale.
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