MANILA -Filipino-Chinese tycoon and philanthropist Washington SyCip shared his views on what he thinks is preventing the Philippines from becoming a top Asian economy. The 92-year-old SyCip on Monday made a rare TV appearance on ANC's Headstart, where he candidly shared his views on Philippine politics and economy. Asked what he thinks has kept the Philippines from becoming one of Asia's top economies, SyCip said: "If I were to be frank with you, two of the assets that we were told we had that would lead us to be a country in East Asia next to Japan, have become our liability. One is democracy, you can have a premature democracy. Just take the case of India and China. Both were very poor and compared to each other. Now China's GNP is four times of India's." SyCip noted that if one spends a month in China or India, "if you come out, you would not be for democracy for a poor emerging nation." Overpopulation is another problem of the Philippines. SyCip lamented that the Philippines is "the only country that does not have any kind of family planning." http://www.abs-cbnnews.com/business/07/08/13/whats-keeping-ph-being-top-sycip-weighs
Those are pretty much the views that I'd expect him to hold. It's become a perverted oligopoly not a democracy. The poor are a part of the political game of vote banking
The wifes family where paid 2000peso each recently in the local elections by one particular electorate. So essentialy the richest will always remain in power.
