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Ang Bayan

Ang Bayan

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Published by npmanuel
January 7, 2013 issue of Ang Bayan published by the Central Committee of the Communist Party of the PHilipines
January 7, 2013 issue of Ang Bayan published by the Central Committee of the Communist Party of the PHilipines

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Published by: npmanuel on Feb 12, 2013
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Pahayagan ng Partido Komunista ng PilipinasPinapatnubayan ng Marxismo-Leninismo-Maoismo
English EditionVol. XLIV No. 3February 7, 2013www.philippinerevolution.net
enigno Aquino III and his technocrats have been relentlesslyboasting about the alleged 6.6% growth in the economy in2012. They claim this to be the result of the "righteous path"and "good governance." Even the World Bank has chimed in, sayingthat the Philippines is now a "rising tiger."
Aquino's much-vaunted growthis bogus and hollow
quarter of 2012.Aquino has also been brag-ging about how the stock markethas surpassed its previous peakperformance. But this merelyshows that foreign finance capi-talists have been seeking waysof making a quick profit. Asshown by developments duringthe Ramos regime, the rapid andmassive entry of "speculativecapital" can only result in rapidand massive capital flight theminute investors have even theslightest indication of losingtheir money.In reality, the statistics onwhich Aquino bases his much-trumpeted "development" areindications that the Philippineshas slid even further into back-
 In this issue...
Foreigninvestmentsin the country
Plunderby multinationalcorporations
US, Frenchinterventionin Mali
For the Filipino people, how-ever, Aquino's much-vauntedeconomic growth is bogus andhollow. His most important indi-cators of local economic "devel-opment" are confined to meas-uring the briskness of invest-ment and lending by foreigncapitalists and banks in the Phil-ippines. This so-called develop-ment has nothing at all to dowith the ac-tual condi-tions of the Fil-ipino people.The Aquino regime’s much-vaunted "growth" in 2012 wasspurred by a spurt in the con-struction of office and condo-minium buildings in anticipationof the expansion of call centers.Such "growth" had no signifi-cant contribution in the expan-sion of employment opportuni-ties. In fact, even as the regimewas touting "economic growth,"close to 900,000 people wereadded to the ranks of the unem-ployed inthe third
2ANG BAYAN February 7, 2013
wardness and dependency onforeign investments and debtand is incapable of standing onits own two feet. There has beenno resolution of the basic crisisof the semicolonial and semifeu-dal system. The Philippine econ-omy remains backward, agrari-an and unindustrialized, with noinvestments in the major basicindustries for the production of the economy's fundamentalneeds. Thus, there is no dynam-ic job creation. Up to 12 million(or more than 30%) are eitherunemployed or underemployed.Despite Aquino's rosy pic-ture of the economy, the toilingmasses remain mired in wide-spread poverty, hunger and job-lessness. It is not they, but theforeign big capitalists and theirlocal big businessman partnerswho have benefited from suchgrowth. For the masses, Aqui-no's slogan of "inclusivegrowth" is pure hogwash. His"trickle down" theory is a lie.The statistics do not reflectthe intensity of the exploitationsuffered by the toiling massesand other oppressed strata; theexploitation of millions of peas-ants under the dominant feudaland semifeudal system in thecountryside; low wages that arebeing depressed even further;inhuman and unjust workingconditions; massive unemploy-ment, skyrocketing prices of food, medicines, oil and otherbasic needs; lack of decenthousing and clean water; anddeteriorating and more costlyhealth, education and otherservices.In essence, Aquino's much-vaunted "growth" is no differentfrom the much-touted "growth"under Gloria Arroyo's govern-ment and all other past regimes.It is no wonder that Arroyo,Aquino's former professor, haspraised the way the economy iscurrently being managed. Likehis mentor Arroyo and all regimefollowers of the IMF-WorldBank, Aquino considers attract-ing foreign investments as acrucial objective of his economicpolicies. Even the "righteouspath" slogan being repeated adnauseam is geared towards enti-cing foreign capitalists to invest
 Ang Bayan
is published fortnightly by the Central Committeeof the Communist Party of the Philippines
 Ang Bayan
is published in Pilipino,Bisaya, Iloko, Hiligaynon, Waray andEnglish editions.It is available for downloading atthe Philippine Revolution Web Central located at:
 Ang Bayan
welcomes contributionsin the form of articles and news.Readers are likewise enjoined to sendin their comments and suggestions forthe betterment of our publication. Youcan reach us by email at:
Vol. XLIV No. 3 February 7, 2013
: Aquino’s much-vaunted growthis bogus and hollow
 Denationalization and privatization
Landgrabbing and plunderby multinational plantations
Compensation for rights victims approved
Typhoon Pablo victims are being victimizedtwice over by the Aquino regime
NPA ambushes 57th IB Alpha Coy
NPA-Negros apologizes
 NPA-Rizal turns tables on enemy
RPA leader ambushed in Iloilo
Reject US offers of compensationfor destruction of Tubbataha Reef 
US, France intervene in Mali
in the country.The World Bank insists thatfor the Philippine economy tobecome a fullblown "tiger," itmust further liberalize landownership, transportation andtourism. To do this, the consti-tution must be amended be-cause it still imposes restric-tions on foreign ownership of land and businesses, amongothers. Thus, although Mala-cañang claims that charterchange is not among its priori-ties, it is slowly paving the wayfor dismantling the remainingprovisions in the reactionaryconstitution that flimsily pro-tect the national patrimony andeconomic sovereignty.The Filipino people mustthoroughly repudiate the use of statistics by the Aquino re-gime's reactionary technocratsto cover up the real condition of Philippine society and justifyfurther opening the Philippinesto foreign investors to exploitthe country's cheap labor andnatural resources. We musttirelessly pursue the strugglefor patriotic and democraticeconomic change, for genuineland reform and national indus-trialization.For the people, the realstate of the economy can onlybe measured by ascertainingtheir situation in the concrete—whether they are able to enjoytheir fundamental right to liveunder decent, human condi-tions.For the people, the econo-my's growth can only be meas-ured in terms of its ability to beself-reliant—not dependent onforeign debt or investment—andits ability to produce enoughfood and the other basic needsof the populace.In short, for the people,there can be no genuine devel-opment without economic free-dom and social justice.
ANG BAYAN February 7, 20133
Foreign investments:For denationalizationand privatization
ast year, the Aquino regime allocated an additional
142 bil-lion for infrastructure projects under its Public-Private Part-nership (PPP) scheme to entice foreign investors into entering joint ventures for these projects. Aquino and his economists claimthat foreign capital will jumpstart the local economy, develop thecorresponding industries and create demand for new industries andnew employment.Nonetheless, decades of such practice have proven thatforeign investments will not bailout the bankrupt local economy.They promote the denationali-zation of the economy and theprivatization of social services.They perpetuate the backwardand non-industrial state of thelocal economy as a base forcheap labor and natural resour-ces. Therefore, foreign invest-ments are clearly not the solu-tion that would lead to econom-ic development. They are, infact, the problem.
The PPP scheme is one of theprograms designed by the WorldBank and International Mone-tary Fund to push for the priva-tization of public utilities andservices. Technocrats from theInternational Finance Institute,a corporation under the IMF,serve as consultants and pro-vide credit to fund these pro- jects.Under this scheme, local bu-reaucrats enter into joint ven-tures with for-eign busi-nesses to subsume under thelatter's control the rehabilita-tion and operation of public util-ities such as roads, mass trans-portation and hospitals, amongothers. Foreign companies in-volved in the PPP do not bring inany new capital to the country.The type of investments theybring in to these projects haveto do with changes in manage-ment and sourcing of funds.In the case of public utilitieswhere it is the public that pri-marily avails of the servicesprovided, "foreign investments"are raised using funds from thenational government and insur-ance institutions like the GSIS.These come in the form of in-vestments in public institutions,various subsidies, providing col-lateral, guarantees or directcredit to special consortiumshandling all aspects of the proj-ect through securities and otherfinancial instruments. When theforeignand lo-
cal companies default on theirpayments or in the case of "fail-ed" projects, the private com-panies' debts are assumed bythe government and the publicthat uses the service and utilityin the form of higher fees.Worse, the government will paythe local and private corpora-tions for their production ca-pacity and not for the servicesactually consumed by the pub-lic. A striking example are theindependent power producerswhich have been promised statesubsidies for the energy theyproduce, whether such is util-ized or not.Foreign companies join thePPP scheme only when there islow financial risk and they areassured of income from the pub-lic's long-term use of their utili-ties and services. In reality,they rake in huge incomes for anindefinite period from theseprojects.
Contrary to the regime'sclaims, neither will foreign cap-ital breathe life into the coun-try's moribund and flimsy in-dustrial base. According to theBoard of Investments, a largeportion (75% in 2011) of foreigncapital goes to special economiczones, special enclaves focusedon the local operations of for-eign businesses. Most of theseenclaves, however, end up in

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