Many thanks, though in a proper democracy our elected officials take the pulse and sense of their constituents while professionals tend to limited to their milieu.
Much thanks for this 2-week early interview. Please invite Prof. Cuunjieng as often as necessary. Yes to the French Executive Branch with President and Prime Minister, but with bicameral Legislature to avoid corruption.
His points are valid, but he misses the mark on Charter Change. These economic questions should be settled outside of the Constitution. The Constitution is about the the structure of government and the fundamental rights and freedoms of human beings and citizens. These strategical economic issues are too dynamic for it to be a Constitutional policy.
@@scuunjiengyes, remove these things from the next Constitution and let these policies be decided in Congress and the electorate. No one has the right answers so having them in the Constitution is pointless. Well, the point really is to secure the power of oligarchs, but that’s another story.
You are absolutely correct, sir. Businesses are in it for the profit. What you failed to mention is that people in politics are " businessmen " with an endless stream of "profits".
The likes of Stevie would make a tangible contribution to the country while also causing a headache for all corrupt politicians, which is a good thing.
We should not have copied the presidential/two chamber legislature model of the US. There was a reason peculiar to the US why they adopted the two-chamber legislature model and that's the relationship between the individual states and the federal government. And they adopted the two party system presidential model and intended to implement it that way. In our case, there is no reason to adopt the 2-chamber model. And the way our politicians form coalitions after every election, we are better off with a one-chamber parliament. It is also not wise to have a VP that does not belong to the party of the President.
"We don't look at things comprehensively with critical thinking." Hahaha. What a coincidence. I usually said such line to my collegues and some of them do not get it and do not appreciate it. Hence, the inefficiency and lack of foresight of what about to happen. Some of them are not even aware of the possible implications ng actions nila. Nagiging reactive sila kapag nagkaka-problema. Thank you Mr Stevie for this interview 😁
@ Stephen Cuunjieng again Sir ,thank you for sharing your thoughts. Makes us learn more on how difficult and challenging the country is facing when it comes to implementation of projects that could have benefited us. Well, put in the mix the peesonal agenda of our politicians,so we're back to square one🥲? Looking forward to learn from you again in two weeks time. Salamat po!
As landowners, we really don't own the land as we are "leasing" it from the government in the form of annual real estate tax payments. If we don't pay the RPT, we get evicted as the government will sell it at auction to the highest bidder who then takes over the "lease."
@@scuunjieng oh my god did i just get a reply from the man himselffff???? Mr. Cuunjieng please do know that a lot of us here really enjoys your thought process and that your ANC interviews are a common hot topic in my economics circle!
From a speech of Lenin and Marxist writings on control of key sectors of the economy. Daniel Yergin used it as the title of his book tracing governments role in this sector.
Sinabi nya nung una na he doesn't want to be called an attorney dahil di na sha nag ppractice ng matagal. Pero mas critical pa mag isip kesa sa mga active. Kailangan ganito mag isip mga leader ng bansa natin.
Just say it already stevie, we dont get investments because the problem lies with "some" government officials and "some" of our citizens. Thats the hard truth.
When Stephen speaks I am both Enlightened and Sad. Enlightened because of how he just makes sense, and sad as to how the the government lacks sense and critical thinking. We need leaders who think big picture, future proofing ideas... also its unfortunate, a vast majority of the voting population would vote for a thick faced politician who can barely dance and sing (but would do so for votes) over brilliant thinkers. These voters would've signed off 11 seconds into the video, specially if no one is twerking in it.
my take takeaway from this interview is that in order to open up our market to foreign investors, we must have a solid regulatory body looking after these foreign companies. I very much doubt that.
Sir Stevie should have have frequent exposure. I have learned more than enough listening to Sir Steve than my entire econ subject in college. A month is too long, 2 weeks is a should, I think every week is a must.
the philippine government should plough back 50% of profits of its central bank in increasing its equity thereby expand its operating assets and make it compound as the years go on. this will redound to improving its ability to react to any future financial shocks and insulate the country from any financial turmoils in the future
Is there a Stephen Cuunjieng fans club out there? Please sign me up. And dibs on being the president of that club. Thank you always sir for your great insights.
Bakit sa UAE lahat ng possible way gagawin nila para lang pumasok mga Foreign Investment sa kanila bansa..me Golden Visa sila ..yun profits ng mga local companies natin galing din yun iba sa ofw remittance na 34 billion dollars a year at Call center na Foreign investment din na income 30 billion dollars a year...dapat lang tangalin sa constitution yun 60/40 , etc..tayo din nmn gumagawa ng batas natin ..puede tayo gumawa ng batas na hindi naka lagay sa constitution natin ..na madali baguhin incase na kailangan baguhin..
The objective is to amend the constitution to facilitate Foreign Direct Investment (FDI) without conflicting with existing laws allowing 100% ownership. Following this, the next step involves implementing regulations and restrictions to delineate FDI involvement in owning and operating businesses. This guy is talking nonsense!
Exactly, he is a Chinoy oligarch who wants the status quo to remain. Deluding the plebs into stopping the charter change that if enacted would free them and the economy.
Hi stephen, I agree with you on the 73 constitution less transitory provisions and 6. It makes sense, like russia and france, a semi presidential system. President still has power along with the PM.
Stevie, you hit the target again. Sorry to tell you but Critical Thinking is a foreign concept to Filipinos. On the other hand, I can tell you 2 words embedded in Filipino culture AD HOMINEM. By the way, Smithfield was purchased by the Hong Kong-based WH Group for $4.7 billion in 2013. At the time, it was dubbed “the biggest Chinese takeover” of a U.S. corporation, one of the U.S.’s biggest producers of industrial meat.
If I am not mistaken during the Congressional Hearing, 3 companies were vying for acquisition: Blackstone Group LP, Tyson Foods Inc., and. Starboard Value LP. WH Group was known then as Shuanghui International Holdings Inc @@scuunjieng
I always love your philosophies mr cunjieng, you're like an artist when it comes to politics finance etc. and I always smile when you explain classic principles such as Occam's razor, commanding heights, effective occupation etc. I hope people in the government should listen to you instead of their drama and grandstanding 😅. Thanks again for a wonderful and fruitful insight
Puro ka naman US. Iba naman ng context dun. Mandarambong ang mga Pinoy business owners like Globe and Smart and even Lopez owner of ABS. Proven na yan eh so we need foreign competition kasi pag Pinoy mayari dudugain lang ung kapwa niya Pinoy. It's all common sense. Stop comparing Philippines with US. Ung scenario mo about transporting troops, syembre Global Superpower ang US with overextended military empire all over the world eh hindi naman tayo ganun isla lang tayo.
Those restrictions in the other countries are not WRITTEN ON THE CONSTITUTION UNLIKE THE PHILIPPINES. YOU CANNOT MAKE A LAW TO SUPERSEDE THE CONSTITUTION. IF YOU WANT TO PUT SOME RESTRICTIONS PUT IT ON THE LEGISLATION NOT ON THE CONSTITUTION.
of course stevie will favor 1973 beacause it will enable Ph government to move efficient and effective not like to day masyadong bureaucratic e ang importante sa mga katulad nating developing nation fast phasing tignan mo yun nga lang pag tatayo ng structure sa WPHS inabot ng sangkatuak na delibirasyon e kung nag tayo na agad may pa budget pa kumbaga imbis na spinal reflex pinag iisipan pa kung aalisin yung kamay kung mapaso.
@@scuunjieng Mukha di mo naiintindihan mas gusto niya mas tighter restrictions. Kaya nga gusto ni Stevie ang Vietnam na zero foreign ownership. At dahil sa masama si Marcos at corrupt kaya di gumana ang 1973 constitution.
The question if the Philippines is profitable or not is very trivial. Look at all the local oligarchs dominating every business sector they monopolize. Aren't they getting richer each year?! Tell me if the Sys', Ayalas', MVP and Villar are going bankrupt? Aren't they the consistent wealthiest "Filipinos" in Forbes annually in Ph and in Asia and even globally? The problem really is the Philippine Charter basically blocks their entry into the local market with a meager 40% ownership, and the 60% to a local partner (is won usually by the local oligarchs as well). How would they maximize their earnings, yes profit, if you only have 40% of maximum allowable equity share in almost all the industries here? Not to mention a minority stakeholder means less influence to the very company they should own. The main issue here is not profitability but the openness of the market for foreign players. Unless we remove all these restrictions, then we will see if the Philippines is really attractive or not as a potential investment hub.
thank you for inviting me again
Thank you sir for the monthly insights
@@gamingcentral2295 happy you find it informative
Thank you Sir for always giving your pragmatic and unbiased opinions on socio-economic and political issues
@@michaelgo9216 many thanks
"what make sense"
That alone tells me you are. Wise..
Could we have have Stephen Cuunjieng as a weekly guest in Market Edge? :) Always insightful, kudos!
Many thanks but don’t have the time
@@scuunjienganyway, thank you for educating us! Maraming salamat!
@@dyoodekzromo4474 many thanks
No he is an oligarch gatekeeper, tricking you into not opening the economy by preventing beneficial charter change.
This is the reason government should not be governed by politicians but by professionals on there field of expertise… kudos stephen! 👏
Many thanks, though in a proper democracy our elected officials take the pulse and sense of their constituents while professionals tend to limited to their milieu.
Sir Stephen really puts sensible thoughts in the table. A real delight to listen to. Thank you. Mabuhay ka Sir!
Deeply appreciated
Every two weeks! Grateful to learn from you Stevie! May the powers that be listen and think through before hastily moving forward (again).
Many thanks but really have time for once a month.
Much thanks for this 2-week early interview. Please invite Prof. Cuunjieng as often as necessary. Yes to the French Executive Branch with President and Prime Minister, but with bicameral Legislature to avoid corruption.
Thanks
Always looking forward to Sir Stevie’s inarguably logical economic insights. 👍❤
Many thanks
Kapag talaga si Mr. Stephen ung napapanood ko, very insightful. I keep learning. Thank you.
Salamat
Mr. Stevie was right....
Many thanks
Wow! We need you in govt sir to educate us all fr within and then lead us to action, right direction.
many thanks
His points are valid, but he misses the mark on Charter Change. These economic questions should be settled outside of the Constitution. The Constitution is about the the structure of government and the fundamental rights and freedoms of human beings and citizens. These strategical economic issues are too dynamic for it to be a Constitutional policy.
But they already are in the Constitution so you have to alter it to change that even assuming I agree with you
@@scuunjiengyes, remove these things from the next Constitution and let these policies be decided in Congress and the electorate. No one has the right answers so having them in the Constitution is pointless.
Well, the point really is to secure the power of oligarchs, but that’s another story.
Nailed it. No countries have restrictions EMBEDDED in the constitution. They are legislated. Onli in da pilipins.🤦♂️
Mr. Stevie said no cha2 if no comprehensive discussion takes place first....
thanks
Thank you, Sir Stephen Cuunjieng for educating us.
Many thanks
Thanks once again @scuunjieng. The country needs your wisdom.
many thanks
You are absolutely correct, sir. Businesses are in it for the profit. What you failed to mention is that people in politics are " businessmen " with an endless stream of "profits".
thanks
Its not about efficiency its about whether those in government will act for the good of the people or for whats best for their pockets.
0:46 ❤😮😮😮😮😮,😮,,😮😮😅😮😮😮😮😮😮😅😮,😮,😮,😮😮😮😮,😮😅😮😅😅😮😅😮😮😮😅😮😅😮😮😮😮😮😮😮,😮😮😮😮😮😮😮😮😅😮,😮,😮,😮😅,😮😮😅😮😮😅😮😮😮😮😮😮😮😮,😮😮😮😅😮😅😮😮😮,😮😮😮😮😮😅😮😅😢😮😅😅😮😅😮😮😮😮😮😮😮😮😮😮,,,,,,,,,,😅😮😅😅😮😅😮😮😮😮😮,😮😮😮😮😮😮😮😮,😮,,😮,😮,,😮😮,😮😅😮😮😮k😮😮😮😮😮,,😮😮😮😮😮😅😮😮😮😮😮😮,😮😮,😮😮😮😮😮😮,😮😮,,,😮😅😮,,,,😅😮,😮,😮😮😮😮😮😮,,,,😮😮😮😮😮😅😮,😅😮😅😮😅😮😅😅😮,😮😅😮😮😅😮😮😮😮😮 c " 😅😮x😮😮😮😮😮😅 😮😅😮😅😮😅😮s c😅 😮 😮 😮😮 😅 😅😮😮😅😮😅 😅😮😅😮😅😮😮 😮 😮 😮 😮 😮😮 😮😮😮 😮😮 😮 😮😮😮😮😮 😅😮 😮 😮😅 😮😮😅😮 😮😮😮 😮 😅😅😮😮😮😮😮😮 😮😮😮😮 😮😮😮😮 😮x😮😮xxccxc😮😮😮😮 😮 😮'😮😮😮😅😮😅😮 😮 😮😅😮😮😅😮😮😮😅😮😮😮c😮😮😮😮😮cc😮c😮 😮😮😮😮😮😅😅😅😮😮😅😮😅😮😮😮😮😮😮😮😮😮😮😮😮😮😮 😮
Always another amazing perspective from Stevienomics.
Many thanks
The likes of Stevie would make a tangible contribution to the country while also causing a headache for all corrupt politicians, which is a good thing.
many thanks
We should not have copied the presidential/two chamber legislature model of the US. There was a reason peculiar to the US why they adopted the two-chamber legislature model and that's the relationship between the individual states and the federal government. And they adopted the two party system presidential model and intended to implement it that way. In our case, there is no reason to adopt the 2-chamber model. And the way our politicians form coalitions after every election, we are better off with a one-chamber parliament. It is also not wise to have a VP that does not belong to the party of the President.
Well said Stevie.👍
many thanks
"We don't look at things comprehensively with critical thinking." Hahaha.
What a coincidence.
I usually said such line to my collegues and some of them do not get it and do not appreciate it.
Hence, the inefficiency and lack of foresight of what about to happen.
Some of them are not even aware of the possible implications ng actions nila. Nagiging reactive sila kapag nagkaka-problema.
Thank you Mr Stevie for this interview 😁
many thanks
You Cu Unjieng .. has a point also when it comes to NGCP.. yes it is ..Preficate etc
@ Stephen Cuunjieng again Sir ,thank you for sharing your thoughts. Makes us learn more on how difficult and challenging the country is facing when it comes to implementation of projects that could have benefited us. Well, put in the mix the peesonal agenda of our politicians,so we're back to square one🥲?
Looking forward to learn from you again in two weeks time. Salamat po!
Deeply appreciated
As landowners, we really don't own the land as we are "leasing" it from the government in the form of annual real estate tax payments. If we don't pay the RPT, we get evicted as the government will sell it at auction to the highest bidder who then takes over the "lease."
Always good to hear stevie! God bless
many thanks
There is so much to learn from Stevie.
Many thanks
A treasure of wisdom
many thanks
I agree....1973 constitution is the best if implemented.
Thanks
He never disappoints.
Many thanks
Always good listening to Stephen....
Many thanks
This guy is brilliant.
Many thanks
Yesss.…sir Stephen, you make sense!
Etong mga nagsusulong ng CHA CHA makes NONSENSE decisions!🌟🌟🌟
.
Many thanks
Yeheyyy👏👏👏
Many thanks
Nandito nanaman tayo mga ka-Stevienomics. 😁
Salamat
Thanks for educating us Mr. Cuunjieng
many thanks
So it’s every two weeks now Sir?Let’s go!
Still every month. This was a one off
thank you very much sr Stephen Cuunjieng and happy new year to you sr i miss your words of wisdom
deeply appreciated
Funny how the resource person directs the host.
👌👌👌
many thanks
Haha I am one of the few who agree about the 1973 consti. Sans the overlording powers vested to FEM back then, its actually neat.
we are now 2!
@@scuunjieng oh my god did i just get a reply from the man himselffff???? Mr. Cuunjieng please do know that a lot of us here really enjoys your thought process and that your ANC interviews are a common hot topic in my economics circle!
Stephen Cuunjieng mentioning the commanding heights of the economy. People who know the origin of the phrase, know. 😊
From a speech of Lenin and Marxist writings on control of key sectors of the economy. Daniel Yergin used it as the title of his book tracing governments role in this sector.
Sinabi nya nung una na he doesn't want to be called an attorney dahil di na sha nag ppractice ng matagal. Pero mas critical pa mag isip kesa sa mga active. Kailangan ganito mag isip mga leader ng bansa natin.
salamat
Just say it already stevie, we dont get investments because the problem lies with "some" government officials and "some" of our citizens. Thats the hard truth.
When Stephen speaks I am both Enlightened and Sad. Enlightened because of how he just makes sense, and sad as to how the the government lacks sense and critical thinking. We need leaders who think big picture, future proofing ideas... also its unfortunate, a vast majority of the voting population would vote for a thick faced politician who can barely dance and sing (but would do so for votes) over brilliant thinkers. These voters would've signed off 11 seconds into the video, specially if no one is twerking in it.
many thanks
CAN WE AMEND MORALS? THATS WHAT WE SHOULD BE CHANGING.
my take takeaway from this interview is that in order to open up our market to foreign investors, we must have a solid regulatory body looking after these foreign companies. I very much doubt that.
Sir Stevie should have have frequent exposure. I have learned more than enough listening to Sir Steve than my entire econ subject in college. A month is too long, 2 weeks is a should, I think every week is a must.
Many thanks but I would rather have quality rather than quantity and given my other responsibilities once a month works well for now.
the philippine government should plough back 50% of profits of its central bank in increasing its equity thereby expand its operating assets and make it compound as the years go on. this will redound to improving its ability to react to any future financial shocks and insulate the country from any financial turmoils in the future
Yes, we should discuss thibgs on a more policy centric note... Not the over obsession on polictical personality...
Many thanks
Super gwapo daddy steven
Lolo Stevie
3:18
Is there a Stephen Cuunjieng fans club out there? Please sign me up. And dibs on being the president of that club. Thank you always sir for your great insights.
Many thanks.
Bakit sa UAE lahat ng possible way gagawin nila para lang pumasok mga Foreign Investment sa kanila bansa..me Golden Visa sila ..yun profits ng mga local companies natin galing din yun iba sa ofw remittance na 34 billion dollars a year at Call center na Foreign investment din na income 30 billion dollars a year...dapat lang tangalin sa constitution yun 60/40 , etc..tayo din nmn gumagawa ng batas natin ..puede tayo gumawa ng batas na hindi naka lagay sa constitution natin ..na madali baguhin incase na kailangan baguhin..
Connecting bank to goberment address
The objective is to amend the constitution to facilitate Foreign Direct Investment (FDI) without conflicting with existing laws allowing 100% ownership. Following this, the next step involves implementing regulations and restrictions to delineate FDI involvement in owning and operating businesses. This guy is talking nonsense!
Exactly, he is a Chinoy oligarch who wants the status quo to remain. Deluding the plebs into stopping the charter change that if enacted would free them and the economy.
Hi stephen, I agree with you on the 73 constitution less transitory provisions and 6. It makes sense, like russia and france, a semi presidential system. President still has power along with the PM.
Thanks
Stevie, you hit the target again. Sorry to tell you but Critical Thinking is a foreign concept to Filipinos. On the other hand, I can tell you 2 words embedded in Filipino culture AD HOMINEM.
By the way, Smithfield was purchased by the Hong Kong-based WH Group for $4.7 billion in 2013. At the time, it was dubbed “the biggest Chinese takeover” of a U.S. corporation, one of the U.S.’s biggest producers of industrial meat.
Many thanks. Was actually advising one of the competing bidders for Smithfield.
If I am not mistaken during the Congressional Hearing, 3 companies were vying for acquisition: Blackstone Group LP, Tyson Foods Inc., and. Starboard Value LP. WH Group was known then as Shuanghui International Holdings Inc
@@scuunjieng
@@rolandoreyes3144 there were more
I always love your philosophies mr cunjieng, you're like an artist when it comes to politics finance etc. and I always smile when you explain classic principles such as Occam's razor, commanding heights, effective occupation etc. I hope people in the government should listen to you instead of their drama and grandstanding 😅. Thanks again for a wonderful and fruitful insight
Deeply appreciated
Binoy at Tongress, MAKINIG KAYO!!
Count me in as one who agree with you on the 1973 constitution, with the changes you suggested (term limits and Amendment 6)
many thanks
GUSTO NA KASI IBENTA NG MGA POLITIKO ANG PILIPINAS. IT'S ALL ABOUT GREED OF POWER AND MONEY.
unfortunately, mahina sa philosophy ang pilipino...magaling lang sa pagiging pilosopo 😢
Maraming trampa,huag mag kumpiansa habang meron kumpetensya little invest ka lng ..wala sa iyo ang favor...kawawa ka ....
Puro ka naman US. Iba naman ng context dun. Mandarambong ang mga Pinoy business owners like Globe and Smart and even Lopez owner of ABS. Proven na yan eh so we need foreign competition kasi pag Pinoy mayari dudugain lang ung kapwa niya Pinoy. It's all common sense. Stop comparing Philippines with US. Ung scenario mo about transporting troops, syembre Global Superpower ang US with overextended military empire all over the world eh hindi naman tayo ganun isla lang tayo.
Those restrictions in the other countries are not WRITTEN ON THE CONSTITUTION UNLIKE THE PHILIPPINES. YOU CANNOT MAKE A LAW TO SUPERSEDE THE CONSTITUTION. IF YOU WANT TO PUT SOME RESTRICTIONS PUT IT ON THE LEGISLATION NOT ON THE CONSTITUTION.
Exactly right, he always leaves this major fact out.
of course stevie will favor 1973 beacause it will enable Ph government to move efficient and effective not like to day masyadong bureaucratic e ang importante sa mga katulad nating developing nation fast phasing tignan mo yun nga lang pag tatayo ng structure sa WPHS inabot ng sangkatuak na delibirasyon e kung nag tayo na agad may pa budget pa kumbaga imbis na spinal reflex pinag iisipan pa kung aalisin yung kamay kung mapaso.
thanks
@@scuunjieng
Mukha di mo naiintindihan mas gusto niya mas tighter restrictions. Kaya nga gusto ni Stevie ang Vietnam na zero foreign ownership. At dahil sa masama si Marcos at corrupt kaya di gumana ang 1973 constitution.
Is it that when we have the semi-presidential, looks like french system?
@@papzchulo530 not sure what you mean but France was more than a ceremonial President and a Prime Minister.
The question if the Philippines is profitable or not is very trivial. Look at all the local oligarchs dominating every business sector they monopolize. Aren't they getting richer each year?! Tell me if the Sys', Ayalas', MVP and Villar are going bankrupt? Aren't they the consistent wealthiest "Filipinos" in Forbes annually in Ph and in Asia and even globally? The problem really is the Philippine Charter basically blocks their entry into the local market with a meager 40% ownership, and the 60% to a local partner (is won usually by the local oligarchs as well). How would they maximize their earnings, yes profit, if you only have 40% of maximum allowable equity share in almost all the industries here? Not to mention a minority stakeholder means less influence to the very company they should own. The main issue here is not profitability but the openness of the market for foreign players. Unless we remove all these restrictions, then we will see if the Philippines is really attractive or not as a potential investment hub.
Your facts are wrong. While the oligarchs are entrenched the foreign investors except is a few sectors are allowed 100% ownership.
YES TO CHARTER CHANGE! YES TO PEOPLE'S INITIATIVE! WAG NA MAG PANWALA SA MGA AKTOR SA SENADO. HAHAHAHAHA