This compendium of policy papers by James Matthew Miraflor looks at the structural fragility the COVID-19 Pandemic has revealed in the Philippine economy. It characterizes the system as a “pathological” one, defined by over-optimization, lack of back-up, and a “managerial feudalism” that puts “bullshit jobs” first over work needed by society. It argues that the current economic administration relies on outdated principles that favor a “monetary outcry”, where people who own money have too much power. This leaves the people vulnerable when unexpected big events like “Black Swan” happen. The paper proposes transitioning to an organic economy built on anti fragile solidarity. This framework calls for the change of finance through worker-owned cooperatives, the end of unnecessary budget cuts via Modern Monetary Theory (MMT), and shift away from focusing on global competition and toward local industrial self-reliance.
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