The great economist John Kenneth Galbraith was shocked at the public squalor alongside private affluence. He devised the horse-sparrow theory, horses must be fed so the sparrows can live. Profit making is different than profit maximizing. A healthy economy means shrinking the financial sector and expanding the public sector. Reducing working hours is the only way to create full employment.
Philippines, March 2014 -- With less than four months remaining before the upcoming “death” of the Comprehensive Agrarian Reform Program (CARP)’s land distribution component on June 30 2014, 300 farmers from the Save Agrarian Reform Alliance (SARA) today trooped to Malacanang, calling for a drastic acceleration and overhaul of the implementation of the land reform effort.