Ormoc City’s Privatization Of State Owned Equities Is A Wild Act Of Political Cronyism

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Under the premise that Ormoc city’s mayor is a business degree holder, only little of the population really cares about the true context behind the words “business degree” so long as the big word “mayor” precedes that of a name. In short, Ormoc city’s thinking population doesn’t really care if Richard Gomez has an MBA on his name and is a business graduate.

Amidst the daily release of local news stories that really talks about nothing in particular aside from the sugarcoated and the politically motivated articles with flabby opinions, nobody has ever dared to vehemently open a public discourse about the idea of privatization of state owned equities (i.e. the market, the Superdome and the water) that will greatly affect the city’s political and economic conditions.

The administration has hidden its political agendum to privatize state owned equities (SOEs) from the public, and not one of the tabloid companies here in the city has ever talked about it in their columns. Ormocanons need to grasp the idea that

there has to be a public consensus and understanding for a policy of privatization, and proceedings have to be transparent to avoid the impression that it all is a matter of political cronyism. –United Nations’ Industrial Development Organization (UNIDO)

at which the current government has failed to exercise in its attempt to increase the influx of the city’s economic activity.

However in the same study conducted by UNIDO, it had also strongly suggested that

the arguments against privatization, if carefully examined, that not to privatize is a worse option.

This however is far from truth in the Philippines especially in Ormoc, even with the aide of the observant minds of the country’s economic “experts”. Even the whole study by UNIDO had a vague description as to the real context and effects of privatization in the countries where it conducted its study, namely: in the Philippines, in Chile, and in Hungary.

But, the study from UNIDO had contradicted itself by saying that

through the policy of privatization and the actual sell-offs themselves many other objectives but turning over the assets to the private sector can be achieved. But what is theoretically and practically achievable depends on a variety of endogenous and exogenous factors such as fiscal means (ergo) employed and macroeconomic conditions.

What this simply implied was that not all privatization efforts were successful in the past. We should remember that a third world country with an economic strata still struggling to meet the world standards, let alone a city that doesn’t even have a good and efficient public utilities, will always going to fall as a failed economic plan in the future.

Privatization may have been a good idea for a big city like Makati, but for a city like Ormoc that even fixing it’s public utility problems is still considered a wild ambition, it becomes a crazy notion to sell Ormoc city’s assets to the oligarchs. Ormocanons, especially our columnists and reporters, should ask these confronting logical questions: Is there a deep need to privatize SOEs even when public utilities are still inefficient and even if current administration could improve it using the city’s public funds? If so, what were the macroeconomic conditions that the mayor used to outline his privatization plan and the endogenous and exogenous factors he saw that he felt it necessary to take such impulsive measures to privatize?

If the answer to the above questions will fall into the audaciously stupid cogitation that the need to privatize is to keep the listed equities in good shape and maintain it as a working and efficient asset in the city, then the guy sitting in the big office must have been going loco with his current title and should consider resigning his job. Abandoning a duty, let alone a person who has a high ground in public service, is by far the biggest insult towards the people. Ormocanons should start using their brains and start anticipating that it is the primary duty of the government to serve its people and not the other way around.

Moreover, as if it’s not obvious enough, the government’s plan to privatize without letting the people know has fallen categorically into the term of political cronyism at which the current administration is guiltily exercising. It’s tantamount to what happened to the privatization efforts during the two decades between 1950s and 1970s, where there was a rise of a lot of failed privately owned enterprises in nearly all areas of economic activity. The current administration should quit beating around the bush and start doing its job like what “serbisyo” it promised to the people. Here are some polemics:

Whereas, the exertion of the government’s primary duty be compromised by extravagant circumstances (i.e. its citizen disagreeing to privatization), then the current administration should make amends with the business proposition for the following restitutions:

  (a) their is a greater number of better thinking people in the city’s population who foresees a failure with the proposition to privatize, and;

  (b) the public business owners knows the city’s capacity in terms of a broader economic language and socio-political knowledge.

Whereas, what is logical for the current administration is to provide the public a lucid explanation towards the hidden legal proceedings of privatization of state owned equities and what other underlying agenda, the people could and will confer and agree to a more ameliorated proposition both beneficial to business owners and the government alike.

Whereas, what the current administration has been neglecting is the welfare of the people and its duty to the public in aiding the city’s development, the former will be held accountable for the future mishaps if the proposition to privatize SOEs fail in its attempts to bring economic growth.

Whereas, what the city’s demographics show is a great number of the destitute population and members of the society who could not afford premium subscriptions to basic commodities, will suffer greatly from this impulsive measure to privatize SOEs.

Corollarily, privatization is just too early for Ormoc city and the current administration should start exercising its absolute power efficiently if it wants real economic progress. People are willing to work for the government and for the city. Somehow, people still believes in the current administration, but, are also tired of paying lazy and inefficient government workers. So if whoever is sitting in the government continues to exercise his absolute power inefficiently, then it’s going to be another long story for me to write. The mayor doesn’t need to make the situation any harder than it already seems. Just saying. (RT)

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One thought on “Ormoc City’s Privatization Of State Owned Equities Is A Wild Act Of Political Cronyism

  1. Pingback: Why Ormoc City’s Local Media Is Afraid To Talk Against It’s Current Administration |

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