Harvard Club of the Philippines

Congratulations! Mabuhay!Felicidades! Philippines on your Independence Day. As friends, we share values, challenges and opportunities and we will continue to work together for our peoples.

Constant reminder ❤️

Wherever there is great property, there is great inequality... for one very rich man, there must be at least five hundred poor." 💵

— Adam Smith

Smith acknowledges the inherent imbalance of capitalism. The accumulation of massive wealth inevitably requires the deprivation of many others. Economic structures concentrate resources, meaning for every billionaire, there are hundreds struggling to survive. It is a mathematical reality of ownership.

On the occasion of Eid Al-Fitr, we extend warm greetings to Muslim communities across ASEAN. As we conclude the holy month of Ramadan, may this celebration strengthen unity, compassion, and mutual respect, reinforcing the shared values that bind our diverse and people-centred ASEAN Community.

"Consequently, because of this constitutional limitation, local tycoons practically did not encounter foreign competition in their bid to take over government assets. The competition was limited among themselves or better, among a handful of powerful families." - FEF Fellow Fermin Adriano

READ: https://www.manilatimes.net/2024/11/08/business/top-business/nationalism-and-the-oligarchy/1999966

With Foundation for Economic Freedom – I just got recognized as one of their top fans! 🎉

"Benefits of removing these provisions. It will lead to more foreign direct investments (FDI), which can help curb inflation since more capital means more businesses that can supply our needs, which in turn would help lower prices and improve the quality of goods and services due to increased competition." - FEF Trustee and Former Finance Secretary Gary Teves

READ: https://opinion.inquirer.net/172624/why-remove-restrictive-economic-provisions