Several years ago, a Singaporean told me, “EDSA cost you Filipinos more than you can ever imagine.” His reason was, Marcos was actually on the right track preparing the country for industrialization. The export processing zone in the Philippines was among the first and we were ahead of most of our neighbors. There was even a nuclear power plant ready to be turned on which can supply the power demands of electronic factories cheaply. But we kept protesting. So, instead of establishing the Philippines as a manufacturing base, most US companies invested in Singapore instead. For example, Seagate which was the major hard drive manufacturer in the 1990′s supplied more than half of Singapore’s income for more than a decade. He said, Philippines could have been the Singapore of Southeast Asia. Philippines could have been the rich guy in the block. But lucky for Singapore, we Filipinos kept protesting on the streets, while they limited their disagreements in the comedy clubs.
[Commented on Get Real Post.]