faction of the Filipino bourgeoisie led by the Arroyo regime is trying very
hard to hide the real state of the crisis by saying that the Philippine economy is "not gravely"
affected by the deepening world crisis of capitalism because the economic
fundamentals are "still sound".
argument is ridiculous and irritating.
It misrepresents the truth behind world capitalist crisis and the
complete integration of the national economy to the world economy. The purpose
of the ruling faction's analysis is to protect its power and domination against
its rivals who want to oust the former.