Is laissez faire applicable to Philippines?

Answer 1

Laissez faire is applicable in the Philippines as an economic alternative rather than the businesses that give bribes to the government officials to be untouchables.

Answer 2

For Filipinos, Yes. Provided they get licenses from the proper authorities.

For non-Philippine nationals, they cannot do business that would not be in consonance with the intent and provisions of R.A. 5455, an act requiring that the doing of business, or the making of investments in the Philippines by non-Philippine nationals, should contribute to the sound and balanced development of the national economy on a self-sustaining basis.

If the business activity wherein you chose to engage in is already adequately exploited by Filipinos, application will be denied.
But in general,
the principle that the economy works best if private industry is not regulated and markets are free is observed in the Republic.

Yours,
Till butter flies

Answer 3

If it is not, it should be. From France electing pro-capitalist Sarkozy in order to get their economy out of the toilet to China accepting further liberalization every day, the writing is on the wall.

Central planning has been proven to fail time and time again. Nobody in their right mind pursues more central planning. Watch Hugo Chavez in Venezuela. His government will fail, hopefully before they feel the need to liquidate classes of people as the USSR did so many.

Laissez faire is applicable everywhere, and properly so. Whether or not it is actually applied speaks only to the wisdom of the country's leaders.

Answer 4

I do not believe that is right