So the Aquino government is determined to splurge ten billion pesos on the APEC Economic Leaders Summit and all its related lower-level meetings. At the same time, private firms are to be bled white by the forced shutdown of their operations and the cancellation of hundreds of international and domestic flights during the main event. Nothing could be more absurd and bizarre, but it could soon turn tragic if most of the summiteers fail to realize that “inclusive” economic growth, which they saucily long for, won’t happen unless the global casino economy is replaced by a new paradigm.

A new paradigm

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