"...an entrepreneurial arrangement where the oligarchs emerge as national business elites in partnership with the State, a representative group from the private sector, and the bureaucracy (hence, there’s no need for a bloody confrontation) in the nature of a Philippine, Inc., just as a Japan, Inc., a Korean, Inc. or a China, Inc., of recent time or the French, Inc. the British, Inc. or the American, Inc. of the old."I believe Abe's suggestion (which he first wrote about in his book aptly titled Build or Perish and further discussed in his blog entries here and here) is the optimal way to achieve economic takeoff without going through the hassle and gamble of a Civil War or a populist dictatorship.
Saturday, November 17, 2007
Abe Margallo: The Philippine Elite's Bayanihan Pact
In his blog entry, Abe Margallo reflects on What to do with the Philippine Oligarchs. He provides a concise summary of where the recent Philippine Presidents (legitimately elected or otherwise) stand with respect to the Philippine political and economic elite. More importantly, Abe reiterates his proposed Bayanihan Pact which is...