Looks like the Filipinos are not talking about it. Not much in my timeline. But what is this Occupy Wall Street really means? From the groups website Occupy Wall Street is a people powered movement that began on September 17, 2011 in Liberty Square in Manhattan’s Financial District, and has spread to over 100 cities in the United States and actions in over 1,500 cities globally. #OWS is fighting back against the corrosive power of major banks and multinational corporations over the democratic process, and the role of Wall Street in creating an economic collapse that has caused the greatest recession in generations.The movement is inspired by popular uprisings in Egypt, Tunisia, Spain, Greece, Italy and the UK, and aims to expose how the richest 1% of people who are writing the rules of the global economy are imposing an agenda of neoliberalism and economic inequality that is foreclosing our future. Occupy Wall Street is leaderless resistance movement with people of many colors, genders and political persuasions. The one thing we all have in common is that We Are The 99% that will no longer tolerate the greed and corruption of the 1%. We are using the revolutionary Arab Spring tactic to achieve our ends and encourage the use of nonviolence to maximize the safety of all participants.
In the Philippines which is comprised of more than 90 Million in population and majority are poor with a lot of causes why. Here are some reasons:
According to the Asian Development Bank some reasons might be the Low Investor coming to the Philippines and Pork Barrel
On the expenditure side, the continued use of “pork barrel” spending
programs at all levels of government cripples the government’s ability to function
effectively, by putting a significant portion of these already limited resources
out of reach of those who are attempting to formulate serious plans for allocating
spending according to the right criteria.
The investment level in the Philippines has been low and falling since
the Asian financial crisis of the late 1990s (see Table 29). Increasing investment
levels hinges on an attractive investment climate, something the Philippines
has not achieved. As a result, the country suffers from limited capital formation,
limited productivity improvements and limited competitiveness of firms. The
Government has a central role to play in shaping the investment climate,
which essentially comprises the macroeconomic fundamentals, infrastructure,
and governance and institutions (such as the legal and regulatory framework).
All of these combine to influence the costs and returns of doing business.
The highly educated, English-speaking workforce of the Philippines is
considered one of the most technically proficient in Asia, but the country
faces increasing pressure from heightened global competition for market
and capital. Without improvements in the investment climate, the country will continue to lose out. – ( http://www.adb.org/documents/books/poverty-in-the-philippines/chap6.pdf)
So how would a simple “Juan and Maria” could comprehend the inequality of distribution of wealth in the Philippines? Is it through the availability of basic needs for one family such as food, clothing, shelter, clean water, medicines and education? Scientist had this concept of inequality, which they are thinking is distinct from that of poverty and fairness. From the dictionary, “Income inequality metrics or income distribution metrics are used by social scientists to measure the distribution of income, and beconomic inequality among the participants in a particular economy, such as that of a specific country or of the world in general. While different theories may try to explain how income inequality comes about, income inequality metrics simply provide a system of measurement used to determine the dispersion of incomes.”
I checked last time that poor in the Philippines has a ph 9,000.00 ($200.00) in salary monthly and rich would have ph 200,000.00 ($4,650.00. The gap is so big and with the growing population plus not to mention the corruption and economic downfall, what will happen to the rest of us?. With the new administration, will and strategy to combat this problem is necessary and a must. We are not asking for rallies but if that will be the solution, why not. We are the 99%. If the government couldn’t help us, who will?.
Banks are raising their interest for loans and even the governments bank sometimes even wanted the Filipinos to be in squatter. What is their mission and vision? Some big companies are into monopoly, they could rise the cost of the services and the Filipinos doesn’t have any choice but to work hard or else will be in dark at an instant. What happened to “Bayanihan?” Does our morals lost because of profit?.
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