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RE: Hive's Goal: Create Economic Activity

in LeoFinance2 years ago

So in a way, I could say that focusing on growing one's HBD is a concrete way to fight back against Wall Street's toxicity and GFI's extraction.

Concerning capital, I agree with you that despite talents and resources, the lack of access to capital is a major obstacle to one's national economic development. I think our anti-capitalistic policy such as the 60/40 ownership in corporations in favor of the nationals is the reason why foreign investors prefer countries like Vietnam over the Philippines. Such a policy discourages the growth of direct foreign investment. Thanks to the BPO industry and our OFWs that somehow offset the outcome of such a destructive policy.

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