Sunday, December 6, 2009

Conclusion: The end of mass poverty in the Philippines
One can deduce the happy events once the industries described come to full operation:
(1) All working-age Philippine poor get high-paying jobs, qualify for LME loans and help set up more joint ventures. Slum dwellers spread out to good jobs in the provinces where they rise to the middle classes, afford good education, qualify for LME loans, and help set up more co-ops and joint ventures all over the tropics.
(2) Every Filipino employee becomes owner of a stack of corporate shares and bonds that earn dividends and interest and rises in value over the years.
(3) Domestic production multiplying 20 times or more raises tax income to stratospheric levels. The government manages to repay all its old loans which currently consume a huge chunk of tax proceeds for interest alone. Repayment of old loans qualifies the government to sell billions of dollars in new bonds worldwide, most proceeds to be lent out to LME-type joint ventures.
(4) Mass entrepreneurship as culture pervades Philippine schools and universities. Currently 66% of Filipinos are Elementary level. As one may notice, most industries previously described are geared towards employment of all such unschooled, given a little on-the-job training. In effect, the schemes target creation of good-paying jobs for the bottom poor. Hunger, malnutrition, inability to afford health care and education, and other sufferings of the bottom poor become a mere chapter of Philippine history.
(5) Over 54 million of the current bottom poor who ultimately get good paying rural jobs become a massive market for all manner of consumer goods. Manufacturers of such goods become markets for producer goods, mainly factory machines from industrial countries. Philippine industry expands to 1st World levels, especially when mass-owned companies spread out all over the tropics.
(6) The culture of mass entrepreneurship prevailing within Philippine society encourages companies to give incentives to unschooled employees to study to university and doctorate level. Since most of the companies are rural, internet education, roving teachers and rural laboratories become standard. Subjects on mass entrepreneurship form basic lessons. History subjects dwell on the activities of traders, inventors, innovators, financing companies and operators of corporate groups, not on kings and politicians as usual. Student teams are required to specialize in the sciences and form invention and innovation teams. Basic requirement for college graduation is the ability of student teams to develop at least five technologies that they license to joint ventures. The scheme makes millionaires of teams, and develops a habit of invention and innovation among the masses. Consequently, joint venture ideas perpetually flow among the working masses as large entrepreneurial groups. World-scale mass entrepreneurship as permanent culture makes sure that the masses never revert to poverty.
Let the battles begin!

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