Tag: Martial Law
Under Marcos dictatorship unemployment worsened, prices soared, poverty persisted
Nobyembre 25, 2016
“The decade 1975-1986 was actually a time of intense social crisis and economic difficulty for most Filipinos. The unemployment rate was falling in the early years of the Marcos regime – from 7.1% in 1966 to 3.9% in 1975. But this reversed in the mid-1970s to rapidly rise back to 7.9% in 1980. The […]
Word-class bureaucrat capitalism under Marcos added to PH econ woes
Nobyembre 24, 2016
“This narrative highlights the evils of dictatorship and abuse of power. But it falters in explaining why, over three decades after the end of the Marcos regime, the economy still remains so backward in the things that matter – job creation, poverty reduction, agricultural and industrial development, and policy sovereignty. “Bureaucrat capitalism under Marcos was […]
Marcos debt equivalent to 4x 1986 PH budget
Nobyembre 24, 2016
Marcos dictatorship debt totaling Php470 billion is equivalent to 4x the national government budget of Php121 billion in 1986.
Anyare? Economic decline since Marcos
Mayo 5, 2016
The Marcos dictatorship started the Philippines on a path of economic decline that remains until today. This has already had the worst consequences for tens of millions of Filipinos across two generations. Unless corrected, it will burden generations to come. The Philippine economy’s decline since the 1980s is commonly attributed to the Marcos regime’s corruption […]
