On Feb. 25, we shall be observing the 36th anniversary of our people power revolution. Those who are much younger to have been involved in the events at Edsa in 1986 have often asked: “what
One real difference between then and now has been brought about by our current Constitution. A few people may try to run circles around some of its provisions, but the term limits it has imposed on public officials have been respected. In 1986, we had a dictator, with all the power to continue in office: after him, his wife was to take over, as though the presidency were an heirloom to be kept within the family.
It took considerable homework to manage the transition from a dictatorship to a democracy. We were involved in the initial phases of the economic and financial dimensions of that homework. The program of economic liberalization and deregulation included many aspects; it eventually led to the opening of telephone and water service as well as the privatization of PAL, now subject to competition.
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