Would You Listen To TECO Representative Michael Peiyung Hsu OR To Out-Of-Date Filipino Commies?

It may quite late since its June 15, 2021, and the article regarding Taiwan's urge to scrap excessive and restrictive foreign ownership for businesses. The very suggestion was given by Taiwan's very own Taipei Economic and Cultural Office (TECO) Representative Michael Peiyung Hsu (or Hsu Peiyung) regarding the ownership restrictions. Though, this always gets some idiotic responses like the usual, "Why will you let foreign direct investors (FDI) invest here? Only they will benefit from it! Even worse, they will exploit our sovereignty!" The arguments are getting old yet the same anti-FDI douchebags still use them. They're all getting outdated.

The croakings of Toady Casino and Bayad Muna

It just reminds me of Toady Casino from Bayad Muna. One of Casino's best advice is to retain 60-40 ownership AGAIN. The article from Rappler was in 2013 during Noynoy's term (when the term did manage to loosen up certain industries from restrictions). Casino's reaction are always made of either ignorance, arrogance, or a bad combination of both. Casino still believes in this one as mentioned by Rappler:

"It's important to maintain the 60-40 rule because, even if there is a constitutional requirement for that now, some corporations still find a way around it," Casiño said in a mix of English and Filipino. 

"They are the ones who dominate, they are the ones who benefit. For me, what's more important is the implementation of the Filipino First rule," he added. 

The toad himself also dares to write this one about constitutional reform:

Without definite limits on foreign ownership and with no preference for Filipino citizens and corporations, the Constitutional provisions on the national economy and patrimony would become a tabula rasa. It would now be up to the Federal Assembly to determine policies on foreign equity sharing and just about anything there is about the economy and our natural resources. This, of course, creates an entirely new window for corporate lobbying, putting small, underfunded Filipino citizens and corporations at a great disadvantage.

Worse, by totally removing the State’s role in developing an industrialized, self-reliant economy, in implementing agrarian reform, in promoting and protecting Filipino enterprises and producers, and in reserving our natural resources for Filipinos, Duterte’s Cha-Cha will leave small enterprises, workers and farmers having to fend for themselves from the onslaught of even more globalization.

These amendments are the culmination of 3 decades of “economic reforms” toward a totally free market, neoliberal economy. Combined with the existing policies of economic liberalization, deregulation and privatization, the amendments remove the last impediments to the total domination, control and plunder of our economy and natural resources by foreign corporations and banks.

This really makes you wonder should you even listen to these Filipino commies who are OUT-OF-DATE? Filipino commies are still espousing Maoism while China has long abandoned it. Vietnam practices Doi Mui communism and made its communist state rich! Deng Xiaoping wrote a new communist manifesto which is called either "Socialism with Chinese characters" or I prefer to call it "Communism with Chinese Characteristics". The Filipino commies are extremely outdated until now. 

One can always argue that "But it's nationalism! We're protecting the national industry by preventing competition!" Please, that argument for "nationalism" is already getting old and stupid. For one, Casino is known to have an iPhone and uses imported stuff. Carlos "Heneral Lunatic" Zarate's son studies in Italy. Renato Reyes Jr. goes to Canada and even went to the International Clown Court. These guys aren't nationalistic as they want to make it look like they are - they're just power-hungry people.

Meanwhile, Taiwan's economic history will tell it all

Taiwan's economic history will tell us like it is. Did you know Taiwan used to be poorer than the Philippines? However, Taiwan soon rose up and became stronger than the Philippines. It's now an Asian tiger! The biggest limits of the Philippines are namely excessive restrictions. That's why they need to be removed. Restrictions to land ownership can still be carried out. However, the 40% only ownership in terms of permit or the need for a Filipino partner is another issue. The only thing that should be needed is a Filipino LANDOWNER. 

The Freedom for Economic Foundation in its article "Economic Growth in Taiwan: Invisible Factors Contributing to Economic Development in the Republic of China" tells us the following:

In the past 30 years, the Republic of China has impressed the world with its long-term stability. There have been no social upheavals or crippling strikes, largely because both labor and management see greater benefits for all through cooperation and concession. Many foreign investors and traders have stated that such a favorable and stable climate can hardly be found elsewhere in the developing world. Thus, this favorable image is projected and perceived internationally, with a result that enhances domestic capital formation and both foreign investments and trade relations.

For these reasons, many more factors of production become available and move steadily into Taiwan, paying back their fair and reasonable returns through the market functions. No place is perfect; but a society that approaches economic activity with a sense of fair play brings forth an additional factor which hastens its economic development.

I began With the thesis that invisible factors have contributed greatly to the economic achievements of Taiwan.

The factors I have emphasized are not tangible. They are not well described by charts, diagrams, or statistics.

Yet they do indeed exist.

And I am certain that they are more important than the visible factors so much beloved by so many.

The biggest difficulty is: To begin!

Economic development in the Republic of China was embryonic for many years. Then, as entrepreneurial attitudes took shape under a rule of law, it began rolling like a snowball down a favorable path, constantly accumulating both substance and velocity.

And, this has been witnessed and well understood by the young.

Today, the young Chinese emerge—both men and women—stronger and better educated than their fathers.

They have no hesitation in taking full responsibility for moving forward, moving upward, moving at full speed.

Many of the results are statistically visible. But the entrepreneurial attitudes—the motivations and the inner achievements and satisfactions—these are the invisible factors of success in the ROC.

Obviously, Taiwan's economic history will tell you that they're far more credible than out-of-date Filipino commies. Those Filipino commies are all about complaining and not finding solutions.