Who’s afraid of state capitalism?


Source: manilatimes.net manilatimes.net

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Second of 3 parts ONE obvious problem in the debate over the creation of the Maharlika Investment Fund (MIF) is that President Marcos Jr., his political lieutenants and economic managers have been unable to communicate what the MIF proposal involves in detail. They have overestimated Marcos' political support, and underestimated those very much against him and his family, and thus miscalculated that it would be a breeze to pass the law creating it. While he won with 59 percent of the votes, his rival had 30 percent. This is still a substantial sector which, more importantly, includes the noisy, chattering...