The Insatiable Greed for Power and Money
Rogelio G. Balo Ph.D. Introduction By decisively winning the 2022 presidential election, Ferdinand R. Marcos Jr (BBM) had undeniably secured the return to political power of a once most disreputable political dynasty in the Philippines. This was fulfilled after more than 30 years when the Marcos family fled the country in intense humiliation and dishonor in the year 1986. After a 21-year authoritarian rule, distinct with extensive corruption and human rights cruelties, the infamous regime of the late Ferdinand E. Marcos Sr. was tumbled by the “People Power” revolution on Feb 1986. “The 21-year period of Philippine economic history during Ferdinand Marcos Sr.’ regime – from his election in 1965 until he was ousted by the People Power Revolution in 1986 was a period of significant economic lows.” “When Ferdinand E. Marcos Sr. first became President in 1965, he had inherited a robust economy from President Diosdado Macapagal, with the Philippines (by GDP) as the 7th l arge...