Bridging Capitalism and Inclusion

By Ma. Aurora Geotina-Garcia, The Philippine Star
March 24, 2021

By Ma. Aurora Geotina-Garcia

The Oxford English Dictionary defines capitalism as “an economic and political system in which a country’s trade and industry are controlled by private owners for profit, rather than by the state.” Similarly, Webster’s Dictionary refers to capitalism as “an economic system where there is private or corporate ownership of capital goods, investments are determined by private decision, and prices, production, and the distribution of goods are determined mainly by competition in a free market.”

Read the full article on the Philippine Star’s website.

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About Members

Jaime Augusto Zobel de Ayala is the Chairman of Ayala Corporation, one of the largest business groups in the Philippines with interests in real estate, banking, telecommunications, energy and infrastructure, Read More

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