[VIDEO] Ang Bayan, Special Issue, July 5, 2013

In around two weeks' time, Benigno Aquino III will preside over the opening of the 16th session of the reactionary Philippine congress and deliver his state of nation address (SONA). Like his previous SONAs, the revolutionary forces anticipate Aquino to delve once again on the supposed economic achievements of his government in the economy and come up with the delusional tales of "inclusive growth." The people must vigorously expose the illusions being propagated by Aquino's media machinery and PR specialists. They must amplify the demand for a nationalist and truly democratic economy.

Under the direction of the US imperialists and the International Monetary Fund and World Bank (IMF-WB), the Aquino regime carries out policies of liberalization, privatization, deregulation and denationalization that perpetuate the chronic crisis of the semicolonial and semifeudal economy. Refusing to carry out basic reforms to build a self-reliant, modern and vibrant national economy, the Aquino regime is simply presiding over the further deterioration of the Philippine economy and the widespread destruction of productive forces.