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  • Opinion & Analysis
  • August 12, 2022 , 11:20am

SONA 2022: Why Marcos Jr. economic blueprint will make the nation, ordinary folk suffer

SONA 2022: Why Marcos Jr. economic blueprint will make the nation, ordinary folk suffer

Without a radical shift from the long-discredited neoliberal paradigm, the Filipino people are doomed to greater destitution and exclusion under the Marcos Jr. presidency.

By ARNOLD PADILLA

Bulatlat.com

MANILA — In his first State of the Nation Address (SONA), President Ferdinand Marcos Jr. left no doubt that his regime would continue the path toward neoliberalism. The general direction for the economy that Marcos Jr. outlined will lead to more liberalization and privatization at the expense of genuine national development, Filipino industries, and local jobs and livelihoods.

He opened his SONA with this pronouncement on the macroeconomic blueprint that his administration will pursue: “Our country must become an investment destination, capitalizing on the Corporate Recovery and Tax Incentives for Enterprises or the CREATE Law and the economic liberalization laws such as the Public Service Act and the Foreign Investments Act.”

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Based in Toronto, Ontario, Canada, The Philippine Reporter (print edition) is a Toronto Filipino newspaper publishing since March 1989. It carries Philippine news and community news and feature stories about Filipinos in Canada and the U.S.
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