Consumption Driven Philippine Economy

[uls]

but before they become millionaires/billionaires, the Philippines is dominated by mestizos...
they just work hard.
and that should be we all do to replace these taipans ;)

the mestizos became complacent

they rested on their laurels thinking they'll never lose their place in the social-economic order

succeeding generations are too spoled to work. they only know how to spend. businesses failed. property sold off to finance their high living

while the mestizos were squandering their wealth chinoys were accumulating

kaya ganun

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when i said "the taipans are the only ones getting richer" i didnt mean it in a bad way

and i wasnt referring only to ethnic chinese

kasama doon mga Ayala and other non-chinese billionaires whose businesses capture most of the consumer spending