Sunday, October 3, 2010

Jueteng vs. progress

Jueteng aficionados claim their activities can create more jobs and other perceived beneficial claims but in truth And in fact the bets collected are part of a capital or profit of a person that should be circulating on the mainstream of economic generation that is producing more interest of the original capital as it passes from person to person in a community. For instance a fifty peso bet is collected by the collectors then it goes straight to the operator who keeps a majority of the money collected, it passes in the hands of two to three people then finally to the PNP for protection and the politician who gives his blessing to operators in a certain locality. While if the fifty pesos is not used in the jueteng it passes to many people thereby creating a chain of economic activities which ultimately is creating more jobs. An example is when an ordinary farmer who is not a habitual patron of jueteng gives the amount to his children who are attending school, the fifty pesos goes a long way providing capital to vendors, transport and other businesses where the children spend their allowance. There are more people involved in this economic activity which means more jobs because of an active entrepreneurial purpose. Jueteng is a form of an economic sabotage because it denies the government of taxes due to it. It hoards the money in the hands of a few people who use it for sinister purposes that is detrimental to the health of the nation, be it peace economy and security.