Dismantle and end Privatization! [ANG BAYAN 2015Jan21]

Video
Ang Bayan
January 22, 2015



The Filipino people suffer from ever heavier burdens due to the series of hikes in fees and expenses. The huge MRT and LRT fare hikes, the water rate hike and the impending power rate hike are but the latest burdens to be heaped anew by the US-Aquino regime on the Filipino people’s shoulders. They come on top of the already spiralling costs of education, medical care, communications, housing and other social services and infrastructure.

The higher fees and costs now confronting the people are the result of close to three decades of the privatization and deregulation of key social infrastructure. Enterprises that used to be state-owned and run by the government, funded by public funds and declared to be serving the “social interest” are now run by a handful of big comprador bourgeoisie and their foreign big capitalist partners in the name of profit without any obligation whatsoever to protect the people’s interests.

In exchange for credit, the International Monetary Fund (IMF) and other imperialist agencies imposed on the Philippines at the close of the 1980s the policies of privatization and deregulation—meaning the removal of state controls on services and utilities to give way to big foreign capitalist and bourgeois comprador investment and management. They took advantage of the Filipino people’s anger at the bureaucrat capitalist Marcos dictatorship and its minions who enriched themselves by running state enterprises in order to make privatization palatable to the public.

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