- The current rise of petroleum prices in the Philippines
has devaluated the worth of real wage. Unilaterally, it
affected the life of the majority of the filipino people.
For the ruling class, this rate of ascent is but a drop
in the bucket but for the poor majority, its a matter of
life and death. An increase in wage is a viable remedy to
cope up with the increase of cost of living which
emanated from the rise of petroleum. Without this counter
action, the urban poor who merely subsists on a daily
basis will have to shoulder more weight just to survive..
- Since the state is systematically ran by the capitalists
and politicians, total control of the economy and the
government is harnessed. in order to maintain the
capitalists level of profit, while the poor majority
tighten the belt to subsist.
- History repeats itself. These has been the economic trend
prevailing in the Philippines from the Marcos regime up
until the present administration. For thirty five years
now, the same issue has been hurting the people back and
forth..
- How long will the filipino people allow itself to be
deceived and lied to by its elected leaders who's only
goal is to enriched themselves (as they are themselves
capitalists) while running a government office? When are
we going to learn ever? In another thirty years? In his
vain attemp to save face and wash hands, President
Estrada unleashes series of propaganda press statement
aimed at personifying an image of a "mass
oriented" leader. In reality, he is just another
capitalist who tends to make profit out of the peoples
trust. Another Marcos on a sheeps clothing.
- A rise in workers wage would alternately provoke the rise
of commodities prices. As capitalists would not allow
their profit to dwindle by increasing the workers wage
out of their investments return. In lieu, prices of their
produce will be raised to compensate for the wage
increase. Eventually this trade will affect the law of
supply and demand. With prices of these commodities
soaring up, competition among small businesses against
giant capitalists will heat up and these small businesses
will succumb while the former flourish. Either way the
capitalists wins while poor people suffer. This is a fact
in the Philippines just as it is in Europe and North
America.
- After two years in power, the country has undergone
tumultuous devaluations and political crisis. Philippines
has not moved from where it was before the
administrations term. Althou the government boasted
economic progress under its administration, matter of
fact or not, the affect of this is hardly felt and is so
minute - not worthy of praise nor publication. Dollar
rised into un-precedented rate, real wage devaluated,
crime, corruption within the government continued,
poverty remained unchanged. To sum it all, all of his
presidential campaign slogan and false promises are
showing its true meaning now. The administrations
incompetence to guide its people to the right path to
progress and prosperity.
- Resulting from these is the dwindling of the presidents
popularity and faith of the people who mistakenly voted
his administration. A drop of 21% rate in three months is
considerably huge in a span of two year term. This is due
to these circumstances that afflicted the people since
the outset of his term. The constitutional amendment
thats being spearheaded by the administration also
contributed to his downfall. Opposition from the catholic
church also rallied the middle class against the
administration. It is evidently clear how Estrada treads
on the same path as the Marcos'. After all he himself is
a part of the oppressive US-Marcos regime under which we
have suffered for two decades.
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