[ANALYSIS] Undoing 'false nostalgia' about the Marcos years

'Lies cannot live on forever. But we cannot rest on that fact. We have our work cut out for us.' ThoughtLeaders

False Nostalgia: The Marcos ‘Golden Age’ Myths and How to Debunk ThemThis is the culmination of nearly 7 years’ worth of research on Martial Law economics, starting with my Rappler article back in March 2016, titled “Admittedly, it was only then, when I was already doing my PhD, that I paid close attention to the state of the Philippine economy in the 1970s and 1980s. Before that, I had little inkling for economic history, believe it or not.

The labor market, too, was in such a dire state that so many Filipinos chose to leave the country to find greener pastures, leaving behind their children and spurring the so-called “OFW phenomenon.” At the same time, poverty spiked from around 50% to 60% in just a few years . All these, of course, are petty efforts to tarnish the legacy of democratization brought about by the EDSA People Power Revolution 37 years ago.

All the discussions are thoroughly backed up by a plethora of data sources and past studies that I’ve amassed over the years. I hope students and researchers will find the references an invaluable resource. In the appendix, I also added a table neatly summarizing the Marcos Sr. economy in numbers, as a sort of quick reference.

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