“Socialism with Chinese
characteristics” is how the rulers of China describe their economic system. But
most economists say it isn’t so much socialist as state capitalist.
State capitalism is an economic system
in which government bureaucrats control and regulate state-owned corporations.
Some 85 percent of Chinese enterprises are state-owned. Although there are
private companies, they are also government-regulated.
Had it not been for that “incident”
near the Recto Bank in the West Philippine Sea, the 121st anniversary of
Philippine independence would have come and gone like any other holiday whose
significance escapes many Filipinos.
Teaching is not about money but about public service, Education Secretary Leonor Briones told her constituents last week.
right — at least about the public service part.
Singapore passed early
last May an anti-“fake news” law that will be implemented this month. The “Protection from Online Falsehoods and
Manipulation” Act gives government the power to compel online news sites and even
chat groups to remove statements “against the public interest” and to correct
them. Not only individuals will be
affected but also social media and news organizations like BBC and Reuters.
Journalism students should look at government radio’s Erwin Tulfo’s reaction when he failed to immediately get an interview with Department of Social Welfare and Development Secretary Rolando Bautista — he threatened to slap the retired Army general and even called him crazy — as an example of how those seeking interviews should never behave.