The years prior to EDSA saw the near collapse of our economy and a debt-driven growth that was not sustainable. Our economy is still paying for it. EDSA37 | via philstarlife
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.”To understand the cost of EDSA on us and our economy, we must look at the situation before and after that period.
But the biggest driving factor is perhaps the fact that the economy was in shambles during the Martial Law period. Who was it who said that hunger, almost always, drives a man to revolt? "On the crudest measure, how did the economy fare in each of those periods? Average annual GDP growth for the entire Marcos era, 1966 to 1985, was 3.8 percent. Over the period of dictatorship it was 3.4 percent. For the narrowly defined martial law period, it was 5.98 percent, a figure that includes the exceptional years 1973 and 1976.
And yet, only eight years later, the economy also plunged to a record low of 7.3 percent toward the end of the Marcos regime in 1984 and 1985.
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Aquino family says, ‘There is no doubt: the spirit of Edsa is alive’'BUHAY ANG DIWA NG EDSA' The family of former senator Benigno S. Aquino Jr. has this to say as the nation celebrates the 37th anniversary of the 1986 Edsa People Power Revolution. EDSA37 READ:
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Bongbong Marcos ‘offers hand of reconciliation’ on 37th anniversary of Edsa revoltAs the PH commemorates the 37th anniversary of the 1986 Edsa People Power Revolution that ousted his father and namesake from power, President Ferdinand Marcos Jr. offered reconciliation “to those with different political persuasions.” | DYGalvezINQ
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Bongbong Marcos ‘offers hand of reconciliation’ on 37th anniversary of Edsa revoltMANILA, Philippines — As the Philippines commemorates the 37th anniversary of the 1986 Edsa People Power Revolution that ousted his father and namesake from power, President Ferdinand Marcos Jr.
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Cory's original favorite color, birth of 'unity' movement, and other EDSA People Power triviaThe EDSA People Power Revolution is marking its 37th anniversary this year, but not everybody is still fully aware of the country's history (especially that disinformation and historical distortion remain more prevalent than ever).
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Spirit of EDSAOne of the ways in which the spirit of EDSA may be understood better is to reflect on the significance of the EDSA Shrine, one of the monuments to the epic events that changed the course of Philippine history in a span of four days in 1986. READ:
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