Bernardo M. Villegas
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Avoiding the Evil of Consumerism (Part 1-3)

           There has been much criticism levelled against capitalists and business people who have exaggerated the virtues of free market capitalism.  At least the last three Popes have exposed the very pernicious  results of a system which gave free rein to market competition and the maximization of profit by business enterprises  In fact, Pope Francis has even gone to the extent of saying that untrammelled free market capitalism can kill, that it can lead to great inequity in the distribution of income and wealth within a country and between countries.  Business people are being  advised to balance  their desire for profit with other objectives such as environmental sustainability and a more humane existence for workers and farmers.  There are now fortunately more people in business who are seriously balancing the three P’s:  People, Planet and Profit.  In our country, many more large and medium-sized business firms are practising what is known as Corporate Social Responsibility.  Especially among the millennials, there is a noticeable trend towards  the creation of what are known as social enterprises, businesses which are for profit (to assure sustainability over the long run) but the main purpose of which is make a contribution to solving a social problem or to contribute to the common good, like eradicating poverty, protecting the environment or to promote some desirable human or spiritual values.

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       The historical trends, empirical findings, and policy updates are discussed in detail in the essays compiled in this book. The most convincing argument that supports the thesis of the book, i.e. that population growth is a poitive factor in attaining sustainable human development, is found in the foreword to the book, which is adopted from an article written by Mr. Roberto de Ocampo, former Finance Secretary of the Philippines and multi-awarded finance official in Asia. Thanks to the continuing growth of the Philippines population, Filipinos are in more than 100 countries all over the world, contributing much-needed foreign echange and purchasing power to the Philippine economy and fostering the human and spiritual development of the most diverse of peoples and cultures on this planet.

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Inside Business: Critique on RH Bill

ANC Interview by Coco Alcuaz regarding the RH bill and the Philippine economy.