The countrys chronic economic and political crisis continues to
worsen and intensify at an even more rapid pace. It is a chronic
crisis because such an economic and political crisis has been
plaguing the country for decades now. ... 9%;
the intensifying rifts and factionalism among the countrys ruling
elites as well as within and between government bureaucracies and
even plaguing the supposedly most disciplined and most cohesive
institution of government, the Armed Forces of the Philippines
as manifested in several actual attempts at coup detat and
persistent rumors of coups; the endless strings of exposés and
legislative investigations concerning scams, corruptions and
anomalies are just some of the obvious symptoms and more pronounced
indicators of this chronic economic and political crisis.
This chronic crisis which continues to worsen, with short seeming
respite at intervals, stems from the countrys very nature as a semi-
feudal and semi-colonial society plagued with the fundamental
problems of foreign control and domination of its economic and
political policies and directions, a backward and archaic management
policy of its most basic resource which is land and agriculture, and
a government bureaucracy laden with widespread corruption and
interfaction bickering and in-fighting.
At present, this chronic crisis is seriously aggravated by two major
developments in the countrys fundamental policies and directions:
(1) Its total subservience to the policies and impositions of GATT-
WTO; and, (2) Its role as the forefront lackey in Southeast Asia in
the U. ... This is why the investment-led, export-oriented
development strategy of the Philippine government is, in
fact, the sure recipe for economic underdevelopment and the chronic
crisis.
The ever worsening budget crisis is another stark reality in which the
economys perennial crisis is manifested. ...
The other side of the budget crisis is how government spending has
been misallocated in the name of economic liberalization. ... Because of this vicious cycle, there are less and less
social services, and the Philippine government has become bankrupt in
crisis proportions. ... Other indicators
that really matter such as agricultural production, business activity,
employment, social services, prices and wages confirm, rather
uncompromisingly, that the country remains mired in a rampaging
crisis. ...
This explains why, according to the Department of Labor and Employment
(DOLE), an average of 2, 300 Filipinos per day, or an average of 70,
000 per month leave the Philippines in search of jobs and livelihood
abroad. ... What is making the matter worse is the
intensifying rifts and factionalism among and between the countrys
ruling elites as well as within and between government bureaucracies;
the endless string of bureaucratic corruptions, scams and anomalies
and the ensuing exposes and legislative investigations of the same;
the ever worsening crisis of credibility of the government; the
increasing incidents of wars & bombings, kidnappings and bank
robberies, warrantless arrests and summary executions. ... The truth is,
the economy was in bad shape and continued to worsen Iong before the
so-called Makati crisis. Rather than the cause, the Makati crisis was
more of a symptom of an old, archaic, unjust and disintegrating
system that is crumbling down as the internal economic and political
contradictions continue to sharpen and intensify towards its final
disintegration.
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