"What else do bankers do -- walk-in and turn-off the lights in the country." - William Slee, 1978
To read Part 1 of 4, click: Race to the Bottom_Part 1
To read Part 3 of 4, click:( later)
To read Part 4 of 4: click: (later)
I say these not to belittle the role of the enraging personal characters and public actions of many -if not most- of our politicians, local and national, since in our homeland these considerations have significantly contributed to the ever-deepening poverty with extremely dire consequences to our native citizenry, society and homeland. However...
Just like an individual with nothing except debt, who therefore effectively becomes a person with no voice, does not count and is thus ignored. So we as a people, in our homeland and the world, are not in the radar of our native rulers and of many nations/peoples of the world.
In the long run, as we now see or not still see, changes that negatively and gravely impact our domestic institutions/social services (health, education, infrastructure, etc.) national economy and patrimony, national sovereignty, destroy/discourage native entrepreneurship, etc. and further facilitated the penetration and dominance in our society by economic via transnationals and cultural globalization via foreign media --even before the term globalization aka neoliberalism became common currency.
"The accomplish to the crime of corruption is frequently our own indifference." - Bess Myerson, 1924-present
"Corruption is worse than prostitution. The latter might endanger the morals of an individual; the former invariably endangers the morals of the entire country." - Karl Kraus, 1874-1936.
- Ellen Augustine
- Workers in the electronic industry tend to suffer from eye defects after 3 years of employment. Others complain of acid burns, skin rashes from epoxy resins, and other reactions due to solvents like trichloroethylene. Even if they are given gloves and masks, they do not use them because that slows them down and makes it difficult to reach their quota. They are not required by the company to use them, and, in fact, are not taught about the need for protective devices(10).
- In the tuna canning industry, 95% work under temporary contracts and 85% are women. when orders are high, workers are forced to work 12 hour-days; when demand is low, they get a few hours work. work is very tightly controlled. Workers are not allowed to speak to each other during work hours, they are not provided with drinking water, they do not receive sick or holiday pay, and wages are very low (11).
Disini then collected $80M from Westinghouse for "assistance in obtaining the contract and for implementation services (26)." He passed on 95% of the fee to Marcos(27). The Philippine Atomic Energy Commission refused to give a permit until the plant was already under construction.
At the point, Commissioner Librado Ibe issued the permit and then moved to the United States. As he later told Fortune Magazine, it was unsafe to resist Marcos' lieutenants for too long(28).
"Those who profess to favor freedomand yet deprecate agitation
are men who want crops without plowing up the ground;
they want rain without thunder and
lightning.They want the ocean without the
awful roar of its waters.This struggle may be a moral one
or it may be a physical one
or it may be both moral and physical
but it must be a struggle.
Power concedes nothing without a
It never did, and never will."
- - Frederick Douglass, Abolitionist, Author, Slave (1817-1895)
(from Fr. Pedro V. Salgado, O.P.,The Philippine Economy: History and Analysis, 1985)
"If the people are not completely free and happy, the fault will be entirely their own." - George Washington, shortly after the end of the American Revolution