Finalist-PhilBlogAwards 2010

Finalist-PhilBlogAwards 2010
Finalist for society, politics, history blogs

BrightWorld

Pages

Saturday, July 16, 2016

MARIKINA SHOES: GLOBALIZATION’S CARCASS RE-SURGES


MARIKINA SHOES: GLOBALIZATION’S CARCASS RE-SURGES

 

Erle Frayne D. Argonza

 

Good evening from the Pearl of the Orient!

 

Marikina shoes, the top pioneering shoe industry in Southeast Asia after World War II, has been among the carcass industries in the aftermath of globalization. Lately though, the industry has been re-surging from the doldrums, so let me share some notes about the matter.

 

Marikina is a city to the east of Old Manila and is among the model cities for couples of reasons. It’s former administrators, the Fernando couple (a developmentalist couple), were able to tap official development assistance (ODA) funds directly for local infrastructures without needing securitization from national government, thus kicking off a new trend in development financing and urbanization pursuits.

 

Officially a part of metropolitan Manila that is the ‘Manila of the present’ (old Manila is ancient and diminutive in size), Marikina had been emulated for its cleanliness, efficient traffic management, and participative local governance. It had set off a trend for local governments to embark on ambitious projects without being subsidized by national government.

 

Those feats are part of the new image of Marikina, just to make it clear. For Marikina also has an older image as the home of the Philippines’ pioneer shoe industry. At one time the exemplar of Asia in shoe-making, Marikina’s exquisite shoes have straddled the planet like conquering commodity champions worth the possession of rising middle class members aspiring to acquire apparel items worth their pockets’ powers and esteem.

 

Marikina shoes have thus enabled the flourishing of backward linkages such as leather tannery, dye industry, and shoe accessories. Upon attaining industrial maturity circa late 60s through the 70s, product quality was at par with the best that the West can manufacture. And, Marikina shoes were priced so affordably, selling at around merely 1/5 to 1/3 of the western counterpart items.

 

Trade liberalization however struck a bitter chord in the 1980s, and down came Marikina shoes with globalization’s ascent. Former shoe factories closed shop, tens of thousands of shoe workers were laid off, and shoe retail shops followed the pattern of foreclosures. At the end of the day, only a few notable Marikina brands stood tall amid the storms caused by trade liberalization and serial recessions.

 

I won’t be surprised to find out that similar industries elsewhere, inclusive of the USA’s, will be shutting down due to the same reason: globalization. The trend is now hitting shoe factories in the USA that closed down production in the homeland as the same (production) were outsourced to developing countries where labor and capital goods (leather, dyes, chemicals) are priced cheaper than the homeland.

 

As Europe’s economies literally burn, its consumers are cutting down on luxuries, thus opting to buy essentials that are more affordably priced, such as garments & apparel. We shouldn’t be surprised if the prime shoe brands of Italy and France would be knocked out cold turkey by the economic storm in the continent.

 

Incidentally, Marikina’s local stakeholders were able to address some core social issues concerning their dying shoe industry in the 1990s yet. Those strategic measures, such as relief funds for affected industries, are now reaping fruits for the industry players.

 

As a whole, Marikina’s show industry was reduced to carcass indeed, but a carcass that is able to stand up at certain junctures. With the wave of China shoes conquering so many shores worldwide, Marikina shoe industry is again getting whacked heavily and paying the price of slow adjustments to make their products more competitive (i.e. attain greater comparative advantage)

 

Another tranche of relief subsidies for affected industries, akin to a stimulus package on a local level, is now out-flowing from the city government’s coffers. Whether the said funds are able to stave off potential deaths on specific factories and outlets remains to be seen.

 

For the moment, let me declare that all of my leather shoes are Marikina products. I’ve already decided to shy away from Western imports, and I’m saying no to China shoes that suffer from quality problems. This is my own way of appreciating the craftsmanship of Markina’s shoe designers and the labors of shoe workers in the city.

 

[Philippines, 11 September 2010]

 

[See: IKONOKLAST: http://erleargonza.blogspot.com,





 

 

Wednesday, July 06, 2016

ROBOTS BETTER DO MINERS’ JOB IN NEAR FUTURE


ROBOTS BETTER DO MINERS’ JOB IN NEAR FUTURE

 

Erle Frayne D. Argonza

 

Good evening from the suburban boondocks south of Manila!

 

It’s playing Latin music in my multimedia at home right now. As I play the danceable tunes by Buena Vista Social Club, my eyes are focused on the news “Some Chile miners showing mental crack” in the world news of the Philippine Daily Inquirer (Aug. 29, 2010).  

 

Let me then dedicate this piece to the task of mining as a way to honor the miners of the world. Honoring them means that eventually the human miners will retire from the job, with robots taking over those rather hazardous tasks related to mineral extraction.

 

To quote the report’s inception, “Five of the miners trapped underground in Chile for months to come are struggling psychologically, officials said on Friday, as engineers prepared to start drilling an escape shaft.”

 

The news coming from Copiaco, Chile further heralded, “While the rest of the 33 trapped miners were happy to take part in a video to show families they were bearing up despite what has so far been a three-week ordeal, the smaller group refused and were exhibiting signs of depression.” [AFP Report]

 

Well, what else can we expect from toiling workers trapped deep down underground, with hardly much hope for coming back to the planet’s surface till after months of hard rescue operations to come. Even a person who doesn’t suffer from manic-depressive disorder can crack up and manifest depression when confronting such a life-threatening situation.

 

If we go back to the times of the Roman republic, and maybe backtrack 2,000 years earlier than Rome, we can review their mining practices then. Mind you, contrast our mining extraction today with those of ancient times, and you just might have the shock of your life to find out that there isn’t much contrast really.

 

The technology of extracting minerals down underground remains to be dependent on human or anthropocentric labor for thousands of years now. Not even the impressive engineering works to dig the minerals from rocks down under can impress me much at all, they remain the same technology: human-driven extraction.

 

While the miners of antiquity were slaves of the imperial deus ex machina, today’s miners are cogs of the business empires’ deus ex machina. Marginal or small-scale miners, like the ones we have in the boondocks of northern and southern tips of the Philippines, are all the more risk-prone to the appalling extraction conditions and backward technology as they can be buried anytime by mining-related calamities without healthcare or ‘life plan’ to compensate them.

 

A cursory examination of the Chilean miners’ condition allows this analyst to facilely forecast that at least 1/3 of them (around 2 persons) will be in advanced form of depression and nervous breakdown as soon as the rescue operators reach them. Tragic, simply tragic!

 

That’s how human labor is treated by corporate capital since the birth of the money economy anyway: mere objects worth throwing away if they die during production operations. Miners are among the most classic cases of how capital treats human labor as cheap dirty eater stuff.

 

If indeed corporate capital—and its cultural deodorant ‘corporate social responsibility’—has the sanguine love for human miners, it should strive pronto to innovate on robotics that can do the work for the miners. Retire all the miners of today pronto, compensate them for social security and healthcare, and then gradually employ the robot miners.

 

Only token labor—comprising of technicians and engineers—are needed to operate robotics-driven mining. Robots won’t suffer from depression in case of mishaps, they won’t require healthcare and social security but rather maintenance expenditures appropriate and sufficient for their upkeep.

 

Retired miners can then afford to exhibit more productive engagements such as to serve as eco-tourist guides for students and visitors who may wish to examine former open-pit mines that have been re-greened with lush vegetation. They can likewise do some tour guide tasks for mine visits that would be as less risk-prone as their previous jobs.

 

Meantime, let me share my own lines of solidarity to all those suffering miners in Chile and the rest of the planet. May they find light at the end of the tunnel of oligarchic pseudo-slavery down shafts and pits, and tell their narratives to the planet as part of our human history heritage.

 

[Philippines, 10 September 2010]

 

[See: IKONOKLAST: http://erleargonza.blogspot.com,





 

 

  

Wednesday, June 22, 2016

$2000 CAR FROM INDIA SLAMS NORTHERN AUTOMAKERS’ RENT-SEEKING


$2000 CAR FROM INDIA SLAMS NORTHERN AUTOMAKERS’ RENT-SEEKING

 

Erle Frayne D. Argonza

 

Good morning from the suburbs south of Manila!

 

To continue with our exciting news for the ‘ember’ months, let me share some reflections about the recently released people’s car from India. The array of new innovations goes longer than that, with the car serving as the icing in the cake.

 

Beth Day Romulo, international journalist who’s the other half of the late Carlos P. Romulo who is one of Asia’s greats in the foreign policy field (former President of UN), featured the Nano car in her regular Sunday space at the Philippine Panorama, dated July 25, 2010. The Nano was engineered by the giant Tata group of companies of India, and sells at a very affordable $2000 apiece.

 

As Beth Day Romulo aptly titled, “In India, cheap doesn’t mean shoddy.” A sleek yet classy looking prototype, the Nano would surely be an envy of many countries up North who just couldn’t think of a car unless it sells past $25,000 apiece. Accustomed to the corrupted status-seeking behavior, the North’s customers would do everything in the books (e.g. get credit) to acquire flashy Mercedes Benz or Porsche and brag the same to their family circles and peers.

 

Mass markets are the in-thing in automotive industries as far as the bankrupt or near-death Northern car manufacturers are concerned. Flashy cars & SUVs would be okay for the fractional upper middle class markets up North and their clones down South, but for the larger billions of workers & professionals in emerging markets utility is the yardstick, hence the affordable folk car suits them well.

 

Before I venture into other thoughts, let me declare my own deep admiration for the Tata Group over its feats across the decades. I encountered this group during my own research on the steel industry in the late 90s, and in 1999 their representatives presented papers in the Manila-held conference of the Asian Iron & Steel Institute (I participated in that conference held at the Shangrila Plaza in Manila).

 

From Tata Steel to Tata metallurgies and now to automotives, what can I say but SALUTE! With top-of-the-line scientists among their design innovators, including the world-renowned steel expert Dr. Mukerjee, the only way for Tata to go is to jettison upwards in a very exponential fashion.

 

What the Tata Group is silently proclaiming to the world is that the price policy of Northern car makers is pure and plain rent-seeking practice. Look at the Volkswagen beetle for instance, a people’s car that is now priced at past $23,000 apiece, and that surely makes one have doubts about the ‘people’s car’  facet to the Volkswagen.

 

It’s all pure and plain rent-seeking. Profiteering is a more palatable term for the layman. Just like those Western pharmaceuticals that are produced for a mere $0.01 apiece but sell for over $1 per pill, rendering the pharmaceutical companies the top-gun of obnoxious rent-seeking firms.

 

I wouldn’t be surprised if we’d find out that a people’s car up North should be selling at merely $4000 apiece, using factors of production costs in their own backyards. A Beetle should be selling at $3000 or even lower, come to think of it.

 

At any rate, the peoples of the emerging markets have lives of their own, and they set the patterns of consumption on the basis of their own needs. Such as the need for utility cars that are truly ‘utility’ and not luxury items masquerading as utility.

 

As per report, the German engineering company Siemens had jumped the gun, by committing to mass produce and market the Nano in India, China, Russia, and Brazil. The Mumbai subsidiary of Siemens alone will produce half of the Indian innovations (Nano’s just one of them) that they’ve committed to produce and market.

 

As Beth Day Romulo reported, “While western engineers work on highly sophisticated products, the Indian engineers, who focus on high quality but low cost, aim at simplification and adaptation to the environment.”

 

Stressing on the infusion of social technologies to the engineering works, Madam Romulo concluded that “all of those devices and products are the result of local innovation, the engineers on the ground who study and recognize the needs of the Indian consumer.”

 

Not just the Nano car but also a whole array of innovations from India have been showing the way to the fusion of quality and consumer sensitivity in the product prototypes. This is what true development should be in terms of technological innovations: driven by people’s needs rather the pockets of greedy corporate executives and owners.

 

[Philippines, 02 September 2010]

 

[See: IKONOKLAST: http://erleargonza.blogspot.com,





 

Monday, June 13, 2016

USA’S LEADERSHIP HAD EVAPORATED, WHY OUGHT STOCK MARKETS FOLLOW?


USA’S LEADERSHIP HAD EVAPORATED, WHY OUGHT STOCK MARKETS FOLLOW?

 

Erle Frayne D. Argonza

 

Good day fellow global citizens!

 

It’s late afternoon here in the Philippines, daylight is still around though quite faded a bit. The time of the day seems to be delivering the message that there is still some light in the global economy, and that is a feel-good ambience.

 

Light there may be for the global economy, but that light no longer comes from the Western economies. Definitely no longer from the once mighty ‘economic superpower’ USA that had lost the leadership leverage this decade when it suffered two (2) successive recessions within a short span.

 

I’ve already treated the matter of declining Western techno-economic power and hegemony over the rest of the globe in many articles. There is hardly any serious, highly-informed analyst in the world today who doesn’t share the same view, a view that Western (Caucasian) social forecasters do likewise hold even as they forewarned the West of the catastrophes that will confront them.

 

Stock markets across the globe, however, just couldn’t adjust to the new reality soon enough. They still behave like old hush puppies that look up to Wall Street for precedence in setting the trends of local bourses. That renders the local bourses as laughing stock dinosaurs that need to retool quickly, and the quickest that such retooling will be translated into practice, the better will it be for their respective stock trades and financial-monetary markets.

 

To reminisce a bit, America was the unchallenged global leader after World War II as it contributed 40% to the Gross World Product or GWP. Its European & Japan partners contributed another 20% to GWP, so that empowered the USA & partners’ (OECD) 60% contribution to GWP to exercise hegemony in all regions of the planet.

 

Today, the economic landscape had entirely changed. The USA’s $13+ Trillion GDP is down 22% of world income, while the entire EU’s $13+ Trillion is another 22%. EU + USA/Canada + Japan put together couldn’t even amount to 50% of Gross World Product, so the old partners may just have to metamorphose out of their old identities and retool quickly. They no longer hold the planet’s collective purse and should desist from bullying other nations with their economic clout that is pathetically a non-clout today.

 

Herd behavior, of course, is the least that we can make of the behavior of plummeting bourses. “Follow the leader” mindset of cave dwellers is still in, a mindset that is a messy sticking point for retooling purposes.

 

Why should local bourses refuse to see the new reality and dis-engage from the antiquated herd instinct? After all, stock markets are the exclusive games of the big corporate boys and consummate traders who have been addicted to the casino economy of antiquity. They hardly matter for the real economy sectors, such as those of Asia’s that have effectively built firewalls between the real economy and casino stock markets.

 

If to serve a bit of relevance to domestic growth at all, local bourses ought to look at the health of their own domestic physical economies and financial-monetary wellness.

 

Take a look at East Asia. The region has been driving the global economy beyond doubt, its average investments and savings rates are high, gross international reserves are equally high, and the physical economy as a whole has shown the way to high value-added production. Stock markets should better follow the lead of the healthy conditions of their domestic economies rather than look up to an offshore global leader that is now a chimera.

 

Or, if they can’t resist looking at offshore patterns, then they should look at their very own regional backyards for such models. Regional integration has been the strategy of the day, so why get fixated to a dinosaur fiction (USA as leader) when there are regional economic patterns that can show the lead.

 

USA’s lead will never ever return, this is a foregone conclusion. And Europe ought to rethink its integration efforts, as the Eurozone is now hotly burning, so Europe better not behave like a global hero that can  fill up the vacuum left by the USA. A continent that is perennially flat on its back and is now burning in financial-monetary flames can never fill up such a vacuum.

 

As already articulated by me in previous articles, the Western markets will decline progressively across time. Consumption from 2007 through 2015 will decline by as much as 30% of their pre-recession levels. In contrast, Asia’s consumption will more than double during the same period, thus rendering Asia the unquestioned driver of the global economy in terms of (a) technological cutting edge, (b) production levels of the real economy, and (c) consumption levels.

 

In closing, just like the pattern for mega-cities where no one mega-city can be considered a global center today, so is it with national economies. Economic leadership has already been de-centered, global hegemony had been erased, and there can only be inter-dependence between markets as the most viable option. That interdependence should find translations in the bourses and currency markets.

 

[Philippines, 13 August 2010]

 

 

[See: IKONOKLAST: http://erleargonza.blogspot.com,





 

 

 

 

 

 

 

 

 

 

Thursday, June 02, 2016

ENERGIZING HINTERLANDS: DILEMMA OF ISLAND REPUBLICS


ENERGIZING HINTERLANDS: DILEMMA OF ISLAND REPUBLICS

 

Erle Frayne D. Argonza

 

Good morning from the Philippines suburban boondocks!

 

Erecting energy grids is the main thing in energy distribution and could be so for some decades to come. The Philippines has been among the most notably advanced in building a grid infrastructure in its large islands (Luzon, Mindanao), a precedent that has been emulated by other developing countries.

 

Observably, power production had somehow followed the course of grid infrastructures. That is, it had been facile to install and operate energy production plants for many countries, including island republics, following the distribution lines of energy grids.

 

The dilemma in power production comes with the hinterlands of developing countries. Situated too far distant from grid lines, energizing hinterland villages had proved to be a daunting task particularly for island republics.

 

Ironically, the Philippines has been one of those countries where many hinterland villages remain without power. The key reason is that tapping power along the grid lines for the hinterlands is simply un-feasible from a marketing sense, and so the solution is to build small-scale power plants in or near the villages themselves.

 

Even that option—of installing micro-power plants in situ—proves to be un-feasible using standard yardsticks of economies of scale. The solution adopted by RP’s energy experts is to innovate on hybrid technology, with clean technologies such as solar power on the frontline.

 

Two (2) years ago, the state’s energy department pronounced that merely 900+ barangays (villages) out of the country’s over 42,000 barangays remain without electricity. The regime of the previous president Gloria Arroyo promised to energize the said villages before her term ends in May 2010.

 

Alas! Arroyo’s term had already ended and a new president—Noynoy Aquino—has been installed to power, but the electrification of the said villages is nowhere in site! Just exactly what ‘barriers to entry’ continue to hound the hinterlands electrification program seems to be kept as tightly guarded secret by the energy department, a fact that is tainted with transparency questions (the mass media is a bit silent about the matter).

 

I do recall that the contemporary hinterlands electrification program in RP began yet with the incumbency of then Secretary Vince Perez, an investment banker, who sat in the post for four (4) consecutive years. He was later replaced by Popo Lotilla, a laywer and economist, with similar pronouncements made by his office regarding the matter. Angelo Reyes, former defense secretary, then replaced Lotilla as energy secretary, and heralded the same pronouncements about electrification targets for the hinterlands.

 

Secretaries Perez and Lotilla are brilliant minds no less, as I recall both gentlemen pretty well during our freshmen years at the University of the Philippines (Diliman, the flagship campus). They were my former dorm mates at the Kalayaan Residence Hall for freshmen, we were then the first batch of residents, and at that time I could already sense the aura of brilliance in the two gentlemen.

 

The energy sector surely grew more robust and dynamic during the incumbency of the energy secretaries Perez and Lotilla, and the patterns they set were then followed by those who replaced them later. I just hope that the visions and program targets their respective offices have set will be followed without reserve, as time had already elapsed since they left their respective offices (they are now back to their private practice).

 

With a new president now sitting in power, the question remains the same: will the 900+ villages see the electric lights at night very soon? Or, will the same villages continue to wallow in the ‘dark age’ of zero electricity?

 

Meantime, let us hope that the situation for other island republics isn’t as bad as it is in RP that leads the world in grid technologies yet is lackluster in electrifying the hinterlands. What sayeth New Zealand and its development experts concerning the matter? [NZ is an island republic too, and it seemed to have made enormous mileage in total electrification.]

 

[Philippines, 31 August 2010]

 

[See: IKONOKLAST: http://erleargonza.blogspot.com,





 

 

 

 

Friday, May 20, 2016

FUSION NUCLEAR ENERGY: CHINA TAKES R&D LEAD


FUSION NUCLEAR ENERGY: CHINA TAKES R&D LEAD

 

Erle Frayne D. Argonza

 

Good afternoon!

 

Large swaths of lands in Asia were recently flooded, which paints a gloomy landscape in China, India, and Pakistan. Flooding, however, doesn’t kill civilizations, and floodwaters should be viewed on the positive side as providing, after calamities, much needed water and energy source.

 

As history has shown, it is the sudden absence of water, via large-scale calamity, that had killed many civilizations in antiquity. For as long as we have plenty of water reserves in the planet, civilization will continue. As energy source, water has provided hydro-electricity, geothermal (heated water from underground sources), and fuel cell medium (electrolysis).

 

The present onrush of waters could, in fact, serve as blessing to crack the news of a new form of energy: fusion nuclear energy. Talked about for decades as mere theory in classroom chemistry and physics and in coffee shops, fusion energy is now becoming more of a reality each day.

 

China unquestionably leads in the research & development efforts on fusion energy. Sometime in mid-2008 yet, the news leaked out to the world that China’s research scientists were able to make a breakthrough in the research phase of fusion energy. As per information leaking out, China is ahead of the rest of the world by at least a decade.

 

Reports had it at that time that a commercial breeder plant was still around ten (10) years in the offing. That means the earliest time for the release of such a breeder plant will be around 2018 yet. A tedious process indeed it is to perfect a model for commercial usage, but time runs fast these days, so let us anticipate the formal release of the first prototype just couples of years away from now.

 

The era of clean energy will surely receive a boost when fusion begins to roll, and by next decade we can safely forecast that fossil energy will rapidly decline in importance leading to its demise before 2030. I just wish the time table for burying fossil energy could be shortened, and like everyone else who is tired of the machinations of the oil oligarchs and financier-speculators in spot markets, I could hardly wait to offer dirges to fossil fuels.

 

[Philippines, 30 August 2010]

 

[See: IKONOKLAST: http://erleargonza.blogspot.com,





 

 

 

 

 

 

 

Friday, May 06, 2016

EURO-AMERICAN BANKRUPT COMPANIES ARE LEPERS, ASIANS BE WARY!


EURO-AMERICAN BANKRUPT COMPANIES ARE LEPERS, ASIANS BE WARY!

 

Erle Frayne D. Argonza

 

Leper Companies, Inc. could very well describe the so many huge corporate entities in the West that are now expectantly waiting for some investors to breath fresh life into them. The compass of that search points to Asia as the source of the badly needed ‘smart money’.

 

What a mess indeed had Western economies turned into, as their respective enterprises have been crashing to bankruptcy levels after liberal policies have become granite rock in them since the Thatcher-Reagan era. De-industrialization, massive loss of jobs, and measly investments in S&T have made elephants out of huge companies such as the once mighty Bethlehem Steel.

 

“Bankruptcy! Bankruptcy!” would be an apt line in a classic opera production in New York and London, save that even classic opera groups of the West might even go the bankruptcy route. From manufacturing to culture industry, inclusive of Hollywood stalwarts, Western companies are going down the drain one after the other.

 

Insatiably greedy financiers are of course waiting in the wings to dip their hands into those crashing industries, waiting for the moment to buy them at dirt cheap prices. They did that after the 2nd world war, a war that the global oligarchy created, when they bought so many European factories at rummage sale. Their war chest had been reinforced by slash funds past $3 Trillions circa 2007 yet, so they’re ready for the ‘ukay-ukay’ transactions any time (‘ukay-ukay’ is Filipino term for re-sale of used clothes at cheap dirt prices).

 

The same financier oligarchs did the rummage buying spree on former Soviet bloc economies’ flattened factories groups, with mafia groups joining the fray for purchase of the rummage sales. At one instance in the early 90s, Russia’s mafia groups owned and controlled 80% of the rummage industries, thus prompting patriotic KGB chekka to replace then incumbent president Yeltsin, a puppet of the financier oligarchs, with Putin.

 

Asia has been the undisputed driver of the global economy more so when both USA and Europe began burning economically as early as 2007. Logically, the compass of SOS for fresh investments and loans would be Asia notably the China-Korea-ASEAN-India corridor.  

 

The involvement of the Indian group Mittal in purchasing Alcelor of Europe is classic case of Asian buys. Bookkeeping accounts seemed to have served Mittal right then, with the merger not exactly draining down the stock value of Mittal in the bourses. Mittal-Alcelor came to be born as the largest steel producer, churning out a total volume of 100 tons of steel every year (toppling Korea’s POSCO as top producer).

 

That was then. The times have quite changed in an era when changes happen so rapidly. Western enterprises, notably those of the USA’s and EU’s, are magnets for perceptions of being leper corporations. Getting associated with them could burn down an Asian company’s own par value, and whether the trend could be reversible is something that is tantamount to launching a Herculean PR campaign to reduce negative perceptions owing to buy-ins/mergers.

 

Enormous window dressings have to be applied to the accounts of the leper companies too so as to sweeten their toxically sour values and make them more palatable to Asian investors. Whether Asia’s negotiating agents are na├»ve to the window dressings is something worth researching.

 

Caucasians still have that perception—conscious and/or unconscious—of Asians as “monkeys with no tails” (subhumans) who can be lured into traps without the latter noticing it. Western financier oligarchs led by the likes of the UK-Netherlands royal houses and Rothschild empire will brook no quarters in condescending on Asians who they regard as cattle or eaters worth controlling, subordinating as Mandingos, and short-changing in business transactions.

 

Such a perception hasn’t changed. Look at how the Indian executives of Mittal et al are perceived in Europe today not just by the oligarchs but by the White executives in their payroll. Why don’t you examine case studies in Western business schools and find out for yourself whether Asian groups are worth studying at all in the West. It’s the same old Victorian perception of racial hubris and arrogance at work!

 

That may just be what western ‘corporate social responsibility’ is all about: to continue derisively condescending at former Asian colonies by dangling carrots to poor communities in Asian backyards. In exchange, Asian ‘smart money’ moves to the West to ensure that leper companies keep on churning out more funds, with 1% of the profits later to allocated for ‘corporate social responsibility’.  

 

Is that what we can regard as an impeccable fair exchange?

 

[Philippines, 13 August 2010]

 

[See: IKONOKLAST: http://erleargonza.blogspot.com,