WE HAVE become a land
of hungry people, where hungry mothers sell their
bodies and their babies, where hungry fathers sell
their kidneys, where hungry farmers eat field
rats, where hungry parents seek work even in
terror-stricken Iraq, where hungry infants die
every day at the nation’s public hospitals, and
where hungry children begging for food in the
nation’s streets have become as common a sight as
Having been in the
active, continuous supervision of the economy
since 1962, the International Monetary Fund (IMF)
must accept primary responsibility for the
consequences of its policy prescriptions.
A major consequence
and by-product of those prescriptions has been the
foreign debt for which the IMF must take full
responsibility. Those policy prescriptions,
notably devaluation, have backfired and aggravated
the poverty problem. This is a fact acknowledged
by no less than the staff of the IMF in a study
released in 1988.
For insisting on
those prescriptions, the IMF must be held to have
acted in bad faith. The policy prescriptions —
being a deadly mix of the continuous opening of
the domestic market to imports, continuous
devaluation of the peso and fiscal-monetary
restraint — have led to and explain the
destruction of local industries, the continuous
rise in prices and a depressive influence on
business as well as in unnecessary cuts in welfare
The IMF prescriptions
have proved to be a formula for hunger.
prescriptions were designed to suppress
industrialization. The IMF and the World Bank
opposed the effort of Ferdinand Marcos to start
industrialization based on 11 major industrial
Foreign loans, which
translate into the foreign debt, were the carrot
and stick with which the IMF persuaded a
succession of submissive governments to accept the
deadly mix of prescriptions.
As part of its
strategy to have the Philippine government accept
its policy prescriptions, the IMF utilized the
nation’s major economic functionaries, notably the
debt negotiators, for the purpose, improperly
inducing in them a behavioral pattern of double
existence of the foreign debt deprives the
Philippines of its economic sovereignty so that as
long as those debts are outstanding, the country
continues to be subject to the onerous
conditionalities of the IMF, leaving the
government powerless to adopt an independent
developmental strategy appropriate to the real
needs of the nation — particularly the need to
transform into a newly industrialized country.
The repercussions of
the foreign debt and servicing thereof violate the
basic human rights of the people to devise a
socioeconomic system that would ensure full
employment and enable them to lift themselves from
a life of hunger and deprivation to which the IMF
conditionalities have purposely condemned them.
The foreign debt is
both the symbol of the nation’s enslavement as
well as the weapon with which the IMF, described
by Malaysia’s former Prime Minister Mahathir
Mohamad as "agents of the new colonialism," keeps
the Filipino people enslaved and preserved in
poverty and underdevelopment as the old
The Senate of the
Philippines, as the proper highest policy-making
body of the land, and which has the power of
review over treaty commitments and agreements
entered into by the Executive Department, now has
the inescapable obligation to the Filipino people
to initiate the process of debt repudiation
through a resolution declaring it the sense of the
chamber that the debt should be unilaterally
The proposed Senate
resolution should be transmitted to the United
Nations along with a formal complaint against the
IMF denouncing that body for having deliberately
created the debt problem through policies that
have transformed the Philippines — once the most
promising and best performing economy in East Asia
—into a humanitarian disaster.
Pansinin ninyo na si
GMA ay sumusunod hanggang sa ngayon sa yapak ng
kanyang yumaong ama bilang isang tapat na
taga-pagpatupad ng polisiya ng IMF.
Nanalong muli si
George Bush Jr. bilang pangulo ng Estados Unidos.
Ang panalong ito ay bunga ng pagpapakitang lakas
ng mga right wingers sa Amerika. Bunga nito
ay mananatili ang mga mapaniil at makasariling
polisiya ng Amerika. Nakalulungkot na hindi si
Senador John Kerry ang nagwagi na bagamat
nanatiling paniwala rin sa Manifest Destiny
ng Amerika ay may hibong sopistikado at makatao.
Gayon man, sa kabila
ng kabalintunaan ng pananaw ng marami sa mga
botanteng Amerikano ay ipinakita naman nila ang
kanilang mataas na pagkilala at malalim na
paggalang sa kanilang mga institusyon. Hindi
nagtagal ay nag-concede si Ginoong Kerry kay
Junior at nanawagan siya para sa pagkakaisang muli
ng mga Amerikano.
Ang ganitong turing
ng mga Amerikano sa kanilang pamahalaan ay hindi
mo mababanaagan sa atin. Paano mo nga naman
papahalagahan ang isang institusyong walang
pagpapahalaga sa sariling bayan. Kung hindi
ipaglalaban ng ating mga institusyon ang karapatan
ng mamamayan ay hindi rin ipaglalaban ng taong
bayan ang mga institusyong ito.
May strong sense of
nationhood ang mga Amerikano samantalang tayo
naman ay may strong sense for servitude… hindi ba?
Ano ba ang number one export natin?
Malamig na ang simoy
ng hangin lalo na diyan sa Japan at Pasko na
naman. Binabati ko po kayong lahat, mga matapat
kong mambabasa. Kaisa ninyo ako. Hari-nawa ay
huwag po kayong magsawang sumubaybay sa ating
kolum at sana ay ibahagi po ninyo sa iba nating
kababayan ang ating mga kuro-kuro.
PASKO AT MAPAGPALAYANG BAGONG TAON SA INYONG
MABUHAY TAYONG LAHAT.