CORRUPTION IS NOT THE PROBLEM?

LELOY CLAUDIO TELLS US TO STOP USING CORRUPTION AS AN EXCUSE! Is corruption really the main thing holding the Philippines back? In this episode, I talk to economic historian and professor Leloy Claudio and discuss his interesting storytelling in his latest book THE PROFLIGATE COLONIAL where he challenges one of the biggest assumptions in Philippine politics and economics: Corruption is the cause of our economic underdevelopment. Leloy breaks down why the relationship among corruption, industrialization, and economic development is much more complicated than the “10% Corruption Joke!” He discusses why we should stop using corruption as our EXCUSE for the sorry state of our economy. Get ready to listen to economic myths being debunked and how our most well-run government institutions may have actually helped keep us underdeveloped despite the fact that they were doing their job well. If you want to understand Philippine economic history beyond the usual headlines, this conversation is for you. SUPPORT THE CHANNEL & CHAT IN THE COMMENTS: What do you think is the biggest roadblock to Philippine development? Let us know your thoughts below! I’d be grateful if you LIKE, SHARE, and SUBSCRIBE to our channel. Thank you. RESOURCES & LINKS MENTIONED: • The Profligate Colonial    • "PHILIPPINE ECONOMY": WHY WE LACK STRONG M...   • Watch the forum https://www.amazon.com/Profligate-Col... • Read Prof. Felipe’s Paper https://www.dlsu.edu.ph/news/what-can... • Bangkarote (Saved by the Yellow Bell) https://fqmom.com/bangkarote-saved-by... • Paano ang Retirement Preparation ng mga Pinoy? | Episode 143 Proyekto Pilipino    • Paano ang Retirement Preparation ng mga Pi...   If you want to learn more about FQ (Financial Quotient), please visit https://fqmom.com/. 📚 You may also purchase my FQMom books at https://fqmom.com/bookstore/. FOLLOW ME: ▶︎ Facebook:   / fqmom   ▶︎ Instagram:   / thefqmom   ▶︎ X: https://x.com/thefqmom ▶︎ Podcast: https://open.spotify.com/show/1tew0qc... #LeloyClaudio #Corruption #floodcontrol #politics #economy #history #Industrialization #Debunked #FQMom #RoseFresFausto #FinancialQuotient #FQMomChannel #FQ #MoneyLessons #FinancialWellbeing #FQMatters #FinancialAdvice #FQtips #FQwentuhan #BehavioralEconomics #BehavioralScience #PsychologyofMoney #Biases #Money #Investment #Investing #Saving #Savings #Stocks #FQBook3 #FQTrilogy #HighFQbyDesign #HighFQ #Pera #Ipon #FinancialFreedom #viral #viralvideo #reels #youtubeshorts #podcast #podcastclips #philippines #economicdevelopment