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Consolidating Consensus, Advancing People’s Struggles and Building Alternatives
FDC insists on the human dimension of the debt problem, and leads the people in claiming...
FDC calls for the total revision of the Electric Power Industry Reform Act (EPIRA) otherwise known...
FDC’s Water Program works to strengthen resistance to water privatization policies....
FDC begins its perspective on climate finance with the principle of reparations for climate debt...
FDC aims to ensure a gendered perspective and understanding of the Coalition's Social Debt and...
May 26, 2016
MANILA, Philippines – The shameless trumpeting by the Aquino administration of an economic growth that benefits only the rich and propertied segment of society is an outrage, the Freedom from Debt Coalition (FDC), the group said in a news release on Thursday.
Reacting to the Aquino administration’s recent claims of leaving a legacy of a strong economy, FDC President Ed Tadem said, “Economic growth as measured by the gross domestic product has indeed grown under Aquino but this pales in comparison to continuing high poverty levels, joblessness and rising income inequality, the P6.4 trillion public debt to be inherited by the next administration and the billions of pesos wasted in payments for fraudulent, wasteful and questionable loans.”
Tadem cited the Social Weather Stations’ report that 50 percent of Filipinos (11.2 million families) rated themselves as poor as of December 2015 while the joblessness average for 2015 was 21.9 percent. He also said that within the Association of Southeast Asian Nations (ASEAN), the Philippines, as of 2013, registered the second highest income inequality ratio based on the Gini coefficient index.
Mayo 1, 2016 (Linggo)
Pinagdiriwang natin ngayong Mayo Uno, 2016 ang Pandaigdigang Araw ng Paggawa bilang pagpupugay sa natatanging papel ng uring manggagawa at anakpawis sa paglikha, pagbuhay at pagbabago ng lipunan.
Mula sa kanilang lakas-paggawa, sa kanilang pawis at dugo---nagpapakasasa ang mga ganid sa tubo at mga nabubuhay sa kaayusang mapanupil at magpagsamantala.
At mula sa kanilang sama-samang pagkilos upang pangunahan ang pagbaklas ng kanilang kadena ng pagkaalipin, ang uring manggagawa at anakpawis ang may pinakamatibay at pinakamatayog na pagsisikhay upang palayain ang iba pang binubusabos at inaapi sa ating lipunan.