Post-pic of the Day: Pinoy Protectionism Vs. NoKor’s Closed Door Socialism

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In 1987, the Corazon Aquino government decided to maintain the country’s decades-long protectionism and Filipino First policy by enacting the 1987 Constitution. Under the Yellow Charter, Filipino industries, old-rich business owners and professionals are protected against foreign competition and involvement. This led to politically connected cronies and traditional corporatists getting government subsidies, grants and protection, and dominating all of the country’s industries.

The Philippines’ 60-40 Protectionism and restrictions on foreign ownership of lands and property also led to the runaway decline of foreign direct investment (FDI), which helped cause unemployment, lack of competition, lack of opportunities for Filipinos, and gradual economic decline. Rampant unemployment and underemployment forced millions of Filipinos to work abroad.

The continued Filipino diaspora helps the Philippine economy in two ways:

  • First, it helps lessen and ease the country’s growing unemployment. Statistically, this is good for any incumbent administration obsessed with statistics and high approval ratings.
  • Second, it keeps the Philippine economy afloat through OFWs’ dollar remittances.

North Korea, on the other hand, totally closed its economy to the outside world. But since the Dear Leader of the hermit kingdom is the law of the land, certain trade exemptions were established to allow its allies (e.g., China and Russia) to enslave his own people.

In Kim Jong Un’s communist utopia, the North Korea slaves are the most valuable, most marketable commodity.

Here’s a related report from CNN:

Kim Jong Il, the absolute dictator of North Korea, made a very rare trip outside the protection of his own borders this past August, albeit on a heavily armored private train. The reason for the trip was a meeting with Russian President Dmitri Medvedev to talk about forming deeper trade and labor alliances between the two countries. This would all seem quite normal and boring if it weren’t for the fact that a) nothing is ever normal when it comes to North Korea and, b) Vice happened to also be in the Amur region at the exact same time as Kim Jong Il. But we were there to track down a different kind of North Korean in Siberia: slaves.

We had heard through freelance journalist Simon Ostrovsky that North Korea was outsourcing its labor force to work in Siberia as a way to generate much needed hard currency for Kim Jong Il’s cash-strapped regime. He reported that camps built to actually look like miniature North Korean villages peppered the remote regions of Russia’s Far East and Siberia. He also reported on the lengthy terms of their labor “contracts” and insanely harsh working conditions.

Well, even Kim the commie kid needs foreign money to buy more weapons and build his army.

  • A must-see: Shane Smith’s documentary titled “North Korean Labor Camps”

Facebook Event:

BRAIN-DEADCOMMIE

You may read the actual Facebook conversation HERE.

On dyed-in-the-wool commie Rey Refran.

REY-REFRAN-COMMIE

Another Facebook conversation with a commie and Teddy Casino supporter (named Carlos Pedroso Paterno) who claimed any group can establish its own government.

COMMIE-PATERNO

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One thought on “Post-pic of the Day: Pinoy Protectionism Vs. NoKor’s Closed Door Socialism

  1. Pingback: Pinoy Netizens Get Butthurt Over Hong Kong Bill that Seeks to Ban Domestic Helpers | vincenton

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