What is the best economic system for the Philippines?

[phils_skorea]

Mixed Market Economy.
- A mixed economy is an economic system that includes a variety of public and government control, or a mixture of capitalism and socialism.
- There is not one single definition for a mixed economy, but relevant aspects include: a degree of private economic freedom (including privately owned industry) intermingled with centralized economic planning and government regulation (which may include regulation of the market for environmental concerns, social welfare or efficiency, or state ownership and management of some of the means of production for national or social objectives).

Elements of a mixed economy
The elements of a mixed economy typically include a variety of freedoms:

* to possess means of production (farms, factories, stores, etc.)
* to participate in managerial decisions (cooperative and participatory economics)
* to travel (needed to transport all the items in commerce, to make deals in person, for workers and owners to go to where needed)
* to buy (items for personal use, for resale; buy whole enterprises to make the organization that creates wealth a form of wealth itself)
* to sell (same as buy)
* to hire (to create organizations that create wealth)
* to fire (to maintain organizations that create wealth)
* to organize (private enterprise for profit, labor unions, workers' and professional associations, non-profit groups, religions, etc.)
* to communicate (free speech, newspapers, books, advertisements, make deals, create business partners, create markets)
* to protest peacefully (marches, petitions, sue the government, make laws friendly to profit making and workers alike, remove pointless inefficiencies to maximize wealth creation)

with tax-funded, subsidized, or state-owned factors of production, infrastructure, and services:

* libraries and other information services
* roads and other transportation services
* schools and other education services
* hospitals and other health services
* banks and other financial services
* telephone, mail and other communication services
* electricity and other energy services (e.g. oil, gas)
* water systems for drinking, agriculture, and waste disposal
* subsidies to agriculture and other businesses
* government-granted monopolies to otherwise private businesses
* legal assistance

and providing some autonomy over personal finances but including involuntary spending and investments such as transfer payments and other cash benefits such as:

* welfare for the poor
* social security for the aged and infirm
* government subsidies to business
* mandatory insurance (example: automobile)

and restricted by various laws, regulations:

* environmental regulation (example: toxins in land, water, air)
* labor regulation including minimum wage laws
* consumer regulation (example: product safety)
* antitrust laws
* intellectual property laws
* incorporation laws
* protectionism
* import and export controls, such as tariffs and quotas

and taxes and fees written or enforced with manipulation of the economy in mind.

Still it is how will our NEXT PRESIDENT will manage our country.
No matter how INTELLIGENT our LEADER is, if our FELLOW COUNTRYMEN do not obey there will be NOTHING except the PESTILENCES of our Human Power on our Government.

If you fall SEVEN TIMES, stand up EIGHT !