The EDSA Republic as Moral Liquidator:Embedded Origins, Unintended Consequences
This article revisits the privatizations carried out after the People Power Revolution, and how a moralized understanding of the state’s role in the economy was rehearsed and developed by the revolutionary Corazon Aquino government (1986–1987) through the reorganization of the government-owned or -c...
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| Format: | text |
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Archīum Ateneo
2024
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| Online Access: | https://archium.ateneo.edu/phstudies/vol72/iss4/12 https://archium.ateneo.edu/context/phstudies/article/5020/viewcontent/01_20PSHEV_2072_20n4_20Cardenas_20with_20Copyright.pdf |
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| Institution: | Ateneo De Manila University |
| Summary: | This article revisits the privatizations carried out after the People Power Revolution, and how a moralized understanding of the state’s role in the economy was rehearsed and developed by the revolutionary Corazon Aquino government (1986–1987) through the reorganization of the government-owned or -controlled corporation portfolio. It traces how the design and objectives of privatization reflected both “people-powered” ambitions, as well as a distinct, historically embedded ambivalence toward public enterprise. In turn, these departures from mainline neoliberalism shaped a key feature of the EDSA Republic: the continuity of rentierism as the dominant mode of accumulation, despite the apparent rupture of revolution. |
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