Comment on the widening budgetary deficit

The budgetary deficit under the tyrannical US-Duterte regime has widened in a big way and will further widen. The regime reduces the allocations for health and other social services but knows no limits for allocating funds for the office of the president, the pork barrel of the legislators, the military and the police. Bureaucratic corruption is rampant.

High interest rates of Chinese loans

In view of the foregoing, can we ever expect the GRP under Duterte to agree with the NDFP on the Comprehensive Agreement on Social and Economic Reforms (CASER) which favors national industrialization and genuine land reform?

Solidarity Message to Pemuda Baru Indonesia (PEMBARU)

The youth has always played an important role in progressive movements fighting for societal change throughout the world. That is why the founding congress of Pemuda Baru Indonesia is a welcome development in the struggle of the Indonesian youth as well as the struggle of the Indonesian people for national freedom and democracy against imperialism and local reaction.

Neoliberalism: A scourge to humankind

The term “neoliberalism” was coined by the German scholar Alexander Rustow at the Colloque Walter Lippmann in 1938. Ludwig von Mises popularized it as “new liberalism” in his writings. The exponents of neoliberalism defined it as “the priority of the price mechanism, the free enterprise, the system of competition and a strong and impartial state.” […]

EXPECT WORSE ECONOMIC CONDITIONS IN 2008

Fight Back News Service 08 January 2008 Prof. Jose Maria Sison, chief political consultant of the National Democratic Front of the Philippines, declared today his expectations of worse economic conditions in the Philippines in 2008. His discussion of these bleak prospects followed up his previous expose of the degradation of the Philippine economy by the […]

JOMA SISON BELIES CLAIM OF ROSY ECONOMY

By Jerome Aning Philippine Daily Inquirer 01 January 2008 THE COMMUNIST Party of the Philippines on Tuesday took a swipe at Malacañang’s repeated claims of a rosy economy, saying ordinary Filipinos faced more economic and social suffering in 2008.