Philippines could be the next venezuela?

[Die_empty]

As a citizen, I’m really worried. If corruption and overspending continue, we might end up like Venezuela facing hyperinflation and serious economic collapse.

I am also worried about the financial mismanaged of the government of my country. But our own is more complicated because a large chunk of these funds goes to private pockets. The debt of of the country will be paid by generations.

P.S. Wasn't Duterte leaning toward China more than US? And isn't Marcos completely falling into the arms of US and going completely against China?
I think that explains the reason for the arrest. Otherwise you can find corruption in the Marcos family as well. Not to mention that ICC has other arrest warrants that are more serious than accusations on Duterte for his international War on Drug campaign. Like the one ICC issued for genocide for the head of Zionist terrorist organization Netanyahu and nobody is arresting him despite his travels to places like New York! But suddenly Interpol decides to enforce an arrest warrant for someone who favors China over US

Each time people from developing nations complain that one of the major reasons for the conflicts and underdevelopment is external influence, many people tend to dispute it. If the supporters of Duterte starts protest, it might lead to the ditabilization of the country. I just hope the Philippines will remain peaceful.

The International Criminal Court was established to threaten leaders from developing nations to do the bidding of the West. If that court was fair and just George Bush and Tony Blair should have been in jail. But because the Interpol is controlled by a few nations, they prefer to go after the opposers of the organization's sponsors.

[uneng]

Venezuela's problem is that it was primarily dependent on its oil exports. Chavez failed to establish a diversified, multi-resource economy and believed he could make Venezuela like the Gulf states. He found the socialist model appropriate for his ideas, which cost nothing more than oil extraction. This policy made the economy extremely fragile and hypersensitive to oil prices. As soon as prices fell, the economy collapsed, and Venezuela entered a crisis from which it has not been able to recover to this day.
The Philippines is no better than Venezuela, but each country has its own circumstances that create the factors for crisis. The outcome may be the same, but not under the same conditions.

That is right. Add this to the support Chavez had from the military forces of Venezuela, what allowed him to implement a long lasting dictatorship, maintaining his "lineage" until nowadays, through Maduro.

Is the context in Philippines the same regards that aspect? Does the current ruler have support from the military? If he doesn't have, it's not likely Philippines is going to be the next Venezuela.

Take Brazil as an example. Lula and Dilma, who belong to the same group of Chavez, ruled the country for almost a decade and half continuously. However, when popular pressure increased against the government, they could do little, as they didn't have support from military, losing the rulership as consequence (even though Lula recovered the presidency in 2022).

If it was in Venezuela, popular pressure would have been immediately suffocated through physical force and institutional persecution.

You have to ask yourself to which of the examples above Philippines reaches closest to.

[Ucy]

It could possibly lead to consumption level outpacing production by a lot.  It's however possible to deal with the consequences of paying people free money with the use of machines or robots, so that they replace the humans in production while the humans are paid to work less and consume what the machines are producing. Another possible way to deal with hyperinflation while still paying citizens free money to do nothing is with the use of cheap imported labors, and making lots of money from natural resources that adequately pay for the free money.
It's however important to note that paying people to do nothing will diminish the most important purpose of humans existence on Earth, which is to be fruitful or productive with their own hands/bodies. .And humans will likely lose their natural ability to work if they stop using the ability for a long time.

[freedomgo]

It's however important to note that paying people to do nothing will diminish the most important purpose of humans existence on Earth, which is to be fruitful or productive with their own hands/bodies. .And humans will likely lose their natural ability to work if they stop using the ability for a long time.

It’s not exactly that they’re not doing anything, because these social programs are actually providing financial aid to those earning below minimum wage , and especially to those who don’t have a job. However, the downside is that it makes people lazy.

For example, in rural areas, instead of planting crops or working, some people stop making an effort because they rely on the government, knowing they’ll receive financial assistance every month or every couple of months. In their minds, they don’t need to work hard anymore since help will keep coming anyway.

[robelneo]

If the supporters of Duterte starts protest, it might lead to the ditabilization of the country. I just hope the Philippines will remain peaceful.

There was a report that there are OFW or overseas Filipino workers organizations that will not remit their salary or send their salary to the Philippines

The initiative, organized by the group Maisug Croatia in Europe, is set to run from March 28 to April 4 as a form of protest.

Participants intend to halt their remittances to the Philippines, a move that could impact the economy given that OFW remittances are a significant contributor to the country’s gross domestic product.

Palace urges OFWs to calm down amid planned ‘zero remittance week’ protest
The OFW remittances are one of the key factors that contribute to the economy of the Philippines, so many OFW benefited from the Duterte administration. If we all remember, Duterte is the one that stopped the laglag bala or the bullet scam on the airport; he made the OFW special when they are going home, something that is missing on the Marcos admonistration.
This really looks ugly for the Marcos administration.

[OcTradism]

That's the million dollar question.

I can't say what Philippines should do without doing an extensive investigation first but generally speaking during this particular time in history where the New World Order is being established and that means lots of conflicts of different forms in the world, the countries have to be very careful which side they lean toward or go as far as joining. Making the wrong mistake would destroy their countries.

Look at Cuba for example, it is like an island similar to Philippines that is close to US mainland. They joined USSR side at the time US and USSR were at war. 50 years after that the US regime declassified stuff and with abhorrent insolence confessed that during that time they were carrying out terrorist attacks against civilians and they used some fancy name for it naming it Operation Mongoose.

I agree with you that the world is in chaotic time and national orders can be changed in coming years. Cuba made bad decisions 50 years ago or longer than that but it's not only their bad decision to join USSR but also a terrible decision to turn their country to communism and a regime for Castro family. Their nation has like double bad decisions: communism is not good for democracy, human rights and wealth of citizens. It only creates perfect political environment for dictators, poverty and nearly no way to get out of it.

Cuba has effects from the USA sanctions but without it, they will still have many big problems because of their bad politics and Castro regime.

[dunfida]

It's however important to note that paying people to do nothing will diminish the most important purpose of humans existence on Earth, which is to be fruitful or productive with their own hands/bodies. .And humans will likely lose their natural ability to work if they stop using the ability for a long time.

It’s not exactly that they’re not doing anything, because these social programs are actually providing financial aid to those earning below minimum wage , and especially to those who don’t have a job. However, the downside is that it makes people lazy.

For example, in rural areas, instead of planting crops or working, some people stop making an effort because they rely on the government, knowing they’ll receive financial assistance every month or every couple of months. In their minds, they don’t need to work hard anymore since help will keep coming anyway.

And that what really sucks with these kind of program on which it would really be that making people do really that become lazy just because they've known that theres something that they can get in the end of the month. Yes, we do understand that this will really be that an aide for those who are really that truly needs but there should really be some checking at the moment that these funds being received and since this do pertains about livelihood support then they should really be that trying out to check whether these people are really that applying these funds. Somehow these kind of things could be exploited because people could just easily say that their business had bankrupt but truly they do have spend up those funds into something else. This would really be that actually depends into governments plans and actions.

There's should really be that a strict implementation about into those people who would really be able to truly get these aids and it should be minimized into the amount being involved because at the time that it will really be just that too much then people will really be just that simply sit down and wait for the end of the month then here it comes their free money and waiting up again into the next one. How good their life could be with this program?

[cabron]

That's the million dollar question.

I can't say what Philippines should do without doing an extensive investigation first but generally speaking during this particular time in history where the New World Order is being established and that means lots of conflicts of different forms in the world, the countries have to be very careful which side they lean toward or go as far as joining. Making the wrong mistake would destroy their countries.

Look at Cuba for example, it is like an island similar to Philippines that is close to US mainland. They joined USSR side at the time US and USSR were at war. 50 years after that the US regime declassified stuff and with abhorrent insolence confessed that during that time they were carrying out terrorist attacks against civilians and they used some fancy name for it naming it Operation Mongoose.

I agree with you that the world is in chaotic time and national orders can be changed in coming years. Cuba made bad decisions 50 years ago or longer than that but it's not only their bad decision to join USSR but also a terrible decision to turn their country to communism and a regime for Castro family. Their nation has like double bad decisions: communism is not good for democracy, human rights and wealth of citizens. It only creates perfect political environment for dictators, poverty and nearly no way to get out of it.

Cuba has effects from the USA sanctions but without it, they will still have many big problems because of their bad politics and Castro regime.

It won't be long also there could be a Philippine Missile Crisis because as far as I know US had once installed a missile facing China which China was furious about it. If was in the news that China also deployed their counter precautions.

In the case of President Duterte, he been the enemy of the Democrat party in the Philippines since he was a Mayor of his town. All the media turned against Duterte being the bad guy. But still he being the populist beat the Presidential candidate of the Democrat party. This man is the Nayeb Bukele in Asia who wipe out gang members in the his country. Duterte wipe out the drug men in the Philippines.

You can only say, this is the payback of Democrat and this will not end until the Dutertes can't step into the Whitehouse again.

[pooya87]

China is so far silent despite the aggression shown by US in it's neighbourhood. One common perception is that China no doubt has huge army that is well equipped too but they lack combat experience. Moreover we haven't seen China going after countries globally in the name of bringing democracy, eliminating terrorism etc. China main concern for last few years is Taiwan and from Ukraine conflict Taiwan must learn that it's best to solve the conflict with China amicably without relying what external powers are saying to them.   

The Chinese may be mostly silent but things are getting destabilized more and more every day in East Asia like the rest of the world and there have been "weird" clashes taking place for some time now. To see some search the usage of "water guns/cannons" by Chinese Navy against others like Philippines ships! There was another one with India where the armies of these 2 nuclear armed states were fighting each other with sticks and stones!

Each time people from developing nations complain that one of the major reasons for the conflicts and underdevelopment is external influence, many people tend to dispute it.

External influence is a real problem and I don't see any reason why anybody could dispute that. But it is not the only reason.

For example we have the same problem here. As the most sanctioned country for the longest time (~50 years) sometimes people and specially politicians like to blame everything on that external influence, specially our economic problems. But in many cases it is the government's fault. It can be simply for making honest mistakes, or it can be incompetence or even corruption that has caused that issue. But at the same time in many other cases the issues we face is indeed due to that external influence.

The only correct way forward to solve the issues is to first distinguish between these two which is not an easy task. If an issue is caused by corruption and we blame it on external influence or if an issue is caused by external influence and we blame it on corruption we will never be able to solve our issues.

The International Criminal Court was established to threaten leaders from developing nations to do the bidding of the West. If that court was fair and just George Bush and Tony Blair should have been in jail. But because the Interpol is controlled by a few nations, they prefer to go after the opposers of the organization's sponsors.

Exactly.

[YOSHIE]

As a citizen, I’m really worried. If corruption and overspending continue, we might end up like Venezuela facing hyperinflation and serious economic collapse.

If you see the cause of the destruction of Venezuela, basically occurs because of the factors or encouragement of local economic policies, when talking about rich in Venezuela's natural resources, it is almost the same as what is happening to the Philippines today.

Some of the problems that occur in Venezuela that make the country is corruption which is a legacy and rampant in Philippine research also has governance which is almost the same and bad that causes poverty as well as government mechanisms and also violations of human rights.

I consider the Philippines that if it does not improve economic governance on the effects of corruption that is happening at this time, it is likely that we will see the Philippine state like Venezuela.

[yhiaali3]

Of course, news about the arrest of former Philippine President Duterte by the International Criminal Court fills the news sites, but unfortunately, I'm not fully informed about the details.

As for what your government is doing now, it's similar to what the government is doing here in my country. A new government has come to power after the corrupt former president fled, but what they're doing so far doesn't bode well for the country's future.

They always blame the former president for the mistakes, and what they're doing doesn't serve the economy; it's actually worsening the situation. The economy continues to deteriorate, the local currency loses value, and there is no real plan to extricate the country from its deep predicament.

[MusaMohamed]

But the pandemic ended years ago, so the Philippines shouldn’t still be affected by it. In fact, compared to the time when the pandemic was ongoing, the increase in the national debt is even larger now.

Philippines is like other nations, are all affected by the pandemic, was affected during the pandemic years ago, and are still affected now. There is no single country on Earth that is not affected by the pandemic that triggers many bad governmental and national managements, make it faster and showing more consequences more quickly and at bigger scales.

There is no dictatorship in the Philippines, but the level of corruption is extremely high.
From the highest ranks all the way down to the lowest. It’s as if corruption has already become an ingrained part of the system.

Corruption in national governance is thing under the iceberg but its effects on a nation are very big and long lasting. I don't know about corruption status in Philippines but by having high national debt and high inflation, I know there are surely big problems in Philippines.

Data shows Philippines national debt almost doubles since pandemic.
https://www.ceicdata.com/en/indicator/philippines/national-government-debt

[fruktik]

Venezuela's problem is that it was primarily dependent on its oil exports. Chavez failed to establish a diversified, multi-resource economy and believed he could make Venezuela like the Gulf states. He found the socialist model appropriate for his ideas, which cost nothing more than oil extraction. This policy made the economy extremely fragile and hypersensitive to oil prices. As soon as prices fell, the economy collapsed, and Venezuela entered a crisis from which it has not been able to recover to this day.
The Philippines is no better than Venezuela, but each country has its own circumstances that create the factors for crisis. The outcome may be the same, but not under the same conditions.

The problem with these politicians is that they do not understand what investment is and how it should bring profit. They are just managers who have only one thing on their mind - to stay in power as long as possible. They are usurpers who have little to do with social policy. They only create the appearance of caring about well-being with their handouts and nothing more. The majority of the country's budget is spent on ensuring that the top brass lives in luxury and in complete abundance. This can be immediately seen if you pay attention to their lifestyle and how much money is allocated to provide for them. Everything is quite primitive and easy to understand.

[Renampun]

I don't really pay attention to the latest news about politics in the Philippines, but if our country doesn't learn from the Philippines, our country will continue to be under pressure from piling debt, prioritizing social programs does look very good but in the long term it is completely useless, infrastructure development is something that a country really needs, the goal is so that future generations can enjoy it but social programs are just like running in place, citizens will never be full and satisfied, they will be surprised if one day the government stops the aid.

hopefully the Philippines will not be like what Venezuela experienced but from what I see, the case of Venezuela and the Philippines is very different.

[Koadharber]

Venezuela's problem is that it was primarily dependent on its oil exports. Chavez failed to establish a diversified, multi-resource economy and believed he could make Venezuela like the Gulf states. He found the socialist model appropriate for his ideas, which cost nothing more than oil extraction. This policy made the economy extremely fragile and hypersensitive to oil prices. As soon as prices fell, the economy collapsed, and Venezuela entered a crisis from which it has not been able to recover to this day.
The Philippines is no better than Venezuela, but each country has its own circumstances that create the factors for crisis. The outcome may be the same, but not under the same conditions.

The problem with these politicians is that they do not understand what investment is and how it should bring profit. They are just managers who have only one thing on their mind - to stay in power as long as possible. They are usurpers who have little to do with social policy. They only create the appearance of caring about well-being with their handouts and nothing more. The majority of the country's budget is spent on ensuring that the top brass lives in luxury and in complete abundance. This can be immediately seen if you pay attention to their lifestyle and how much money is allocated to provide for them. Everything is quite primitive and easy to understand.

Come to think that they are even having that big salaries to those who are really that having the highest position on the government on which basically these are the money from people or came from taxes or national budget. Actually there's no issue with this as long they are really that doing their job but if we are seeing the opposite thing then it is really just that being too sad on whats happening if ever they wouldnt be doing something that for the good of the country and into its citizens.

There are indeed countries on which their officials are corrupt and there's nothing we can do if this would really be the way of its governance. Philippines could be the next Venezuela? I dont think so on which we do still see that PH is still doing fine when it comes to economic condition and other aspects on which we can say that they are really just that doing fine. There are really some political issues on which are currently being faced down.

[Wind_FURY]

Another important thing which I forgot to mention in my previous comment is that such issues (economic or otherwise) is not specific to one country; and we can't just attribute everything to corruption like in Philippines.

But we could. Singapore was in the same trajectory decades ago before they eliminated corruption, then opened up their region for international banking. International Banks/Companies won't commit and bring large investments if a country's government is VERY corrupt.

They can't blame anyone but their own government.

These issues are happening everywhere these days. And they will continue to get worse for everyone until the New World Order is completely established.

Do you actually believe that it won't be the same under your "New World Order"?

[coupable]

Another important thing which I forgot to mention in my previous comment is that such issues (economic or otherwise) is not specific to one country; and we can't just attribute everything to corruption like in Philippines.

But we could. Singapore was in the same trajectory decades ago before they eliminated corruption, then opened up their region for international banking. International Banks/Companies won't commit and bring large investments if a country's government is VERY corrupt.

There are many successful examples, even when the circumstances were much worse. South Korea, Japan, and Germany are great examples because they succeeded in achieving a sustainable economic renaissance from the ruins of countries devastated by war and whose economies had almost completely collapsed. While countries that have enjoyed independence and sovereignty for decades have failed to establish a framework that eliminates corruption and limits foreign interference.

[robelneo]

But we could. Singapore was in the same trajectory decades ago before they eliminated corruption, then opened up their region for international banking. International Banks/Companies won't commit and bring large investments if a country's government is VERY corrupt.

They can't blame anyone but their own government.

The Philippines is one country that is very diverse; we are separated by seas, culture, language, and religion. There was a campaign to change the setup to a federal country because the country is too centralized, but unfortunately it failed to generate support. There is a culture of corruption, and even Duterte cannot curb the corruption entirely, and of course, the political dispute is taking its toll on the community.
I don't usually follow current events, but with what's happening now, every citizen of the country is following the next chapters of these political dramas.

[blockman]

They always blame the former president for the mistakes, and what they're doing doesn't serve the economy; it's actually worsening the situation. The economy continues to deteriorate, the local currency loses value, and there is no real plan to extricate the country from its deep predicament.

This is what happens in our country but during the time of former president Duterte, he has not blamed the former president for what's lacking on his term and administration. And with our current administration, it's always the presscons of his secretaries telling the blame to former president Duterte of what we're facing right now. They're too focused and spending a lot of money, time and resources to this backlashing and politics instead of serving the people. People hate the current government right now and they'll sure have their pay time when their term ends and that's what the current president is trying to do. To extend his power so that there will be no Duterte to come as they're scared for their fate.

[Jating]

They always blame the former president for the mistakes, and what they're doing doesn't serve the economy; it's actually worsening the situation. The economy continues to deteriorate, the local currency loses value, and there is no real plan to extricate the country from its deep predicament.

This is what happens in our country but during the time of former president Duterte, he has not blamed the former president for what's lacking on his term and administration. And with our current administration, it's always the presscons of his secretaries telling the blame to former president Duterte of what we're facing right now. They're too focused and spending a lot of money, time and resources to this backlashing and politics instead of serving the people. People hate the current government right now and they'll sure have their pay time when their term ends and that's what the current president is trying to do. To extend his power so that there will be no Duterte to come as they're scared for their fate.

That's the very definition of dirty politics, when you voted a son of a former dictator, then this is what the country will get. Everything is a messed now, and if I'm not mistaken, his cousin is the head of the congress and he too has been accused of corruption and plundering billions of pesos from government agencies to give it to his political affiliations to remain loyal to him.

So it's very sad to see how the Philippines will become the next Venezuela. But hopefully it's not, they just need to elect a good President like what Duterte did in his terms although now he is being prosecuted by ICCI and the Philippine government willing to give their sovereignty to ICCI and put in the stand their former President.