Category: Commentary

The Easter Sunday Moreno-Lacson-Gonzales debacle is making it clear to anyone with at least a double-digit IQ who the true candidates of the opposition are, and, incidentally, who is succeeding in convincing the electorate that the right leaders are those who can competently address the many problems of the terrible present and lead this country to a hopeful future. It could be a major turning point in one of the most crucial Philippine elections in decades.

What is behind all these is the unarticulated but nevertheless all-encompassing determination to once more, as during Marcos Sr.’s benighted rule, make the democratization that has been long in coming to this country as difficult if not as impossible of an achievement quite simply because its realization would be contrary to dynastic interests.

If there is any lesson to be drawn from PDP-Laban’s morphing into its very opposite and from the distinct possibility of Mr. Duterte’s eating his own words once he endorses Marcos Jr., it is how totally without principle and self-serving is the ruling elite — the handful of families and their clones that have monopolized political power in this rumored democracy for nearly a hundred years, and for whom changing sides and parties has been as easy as changing clothes, cars, and residences.

Analysis | Record oil price hikes: People must rage against neoliberalism

According to the Organization of Petroleum Exporting Countries (OPEC), there is “no physical shortage” of oil. So, what is happening then? As in the case of major oil price volatilities this century, excessive speculation in the oil derivatives markets is pushing up prices, not the disruptions in oil’s actual or physical trading.