Sounds like your referring to what was known as the Great depression back in history...Grandma lived during those times and she made sure we knew it by telling us that a drop of water from the tap was a penny 5 years later it went to 5 cents for a drop of water from the tap...she made a mire 10 cents a day cutting hair and giving head massages with that during that time and she was a child working at the time as no child labor laws had been made up during those days....ha ha ha ha ha Lorenzo you cannot say you do not have a welfare system he he he he what about the pocketing of money known to be done by some politicians here? They get their self help of welfare off from others who have paid dearly for something that cost more than it should have....he he he he..
You're right, the great depression was a prime example, my dear. But we also had some issues recently -- per se the 1970's petroleum price hike and the subsequent increase in prices of consumer goods (which was the catalyst for congress to increase the minimum wage). The current financial fiasco that is happening now in the United States is testament to changing economics. The US dollar is losing its value , inflation rates are high. The point of the matter is that the United States, a modernized state, also experiences its own economic pitfalls, why should that not be held true for modernizing states per se most of the nations in south east asia, per se the Philippines.
You're right that there are outright graft and corruption activities in government. This graft and corruption, the practices therof, may be seen as a form of 'welfare' for those said politicians, however. You can say that in context, however, there are no official policies of a welfare system as compared to the level that is seen in the United States, where it is a policy to have welfare systems.
The welfare system was enacted during the great depression to help americans at the time, who were experiencing financial difficulties, still remain enact. Despite the fact that the great depression effectively ended in 1941, the policy of perpetual welfare provisions is still intact.
That , my dear, is the very reason why this country has over $15 Trillion in debt. The very reason why the United States is in this situation is because of the this welfare system.
The Philippines, officially, does not have a nationalized welfare system as compared to the level and size as that of the United States.
The Philippines may be a third world nation, but at least its national debt is only at $88 Billion (about 1/170th the amount of the United States')
Gastador ra kaayo ang America. She spends more than what she earns.
Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=53413.0