The Unlucky Country. The Republic of the Philippines in the 21st Century.

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The Republic of the Philippines in the 21st Century 4. Want to Read saving… Error rating book. Death and Afterlife The Philippine Experience it was amazing 5.

The Near Death Experience: In these ways, the linkages and high correlation between politics and wealth become evident. The Philippines has a relatively high level of wealth inequality, compared with most of its regional neighbors.

It transpired that a good deal of the foreign debt of the Philippines consisted of loans that financed projects of political cronies of the then president. Most of the projects failed, and because the loans were coursed through Government financial institutions, they were eventually assumed by the Government.

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What this means in practical and simple terms is that the money ended up in private pockets. However, the repayment of the loan was assumed by the nation and therefore indirectly by the populace. Those Filipinos that engaged in this embezzlement took off to the States, bought real estate there, and likely hired blonde prostitutes that they drove around in their silver Mercedes. Or perhaps it was a black BMW.

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The blondes were a nice change from the Filipina mistresses they kept at home. It was a nice lifestyle away from the prying eyes back home in the Philippines. The tab was picked up by the Philippine government and thereby the Philippine populace.

Keep paying those taxes, folks, your money is needed! The mindset of these embezzlers was strictly old boy network and Pinoy macho.

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Everyone was happy, except the masses at home had to accept their fate. Please try again later. Kindle Edition Verified Purchase. The first thing I do to improve something is to accept there is something wrong From being blind to beholding the truth.

Our country has a social cancer. THis book is best coupled with Why Nations Fail. Gives the solution to the unluckiness. The book is a must read for all the Filipinos who want change and help Philippines become a better country Instead of buying this book, give the money to the Philippine Red Cross. One person found this helpful. See all 3 reviews. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers.

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