Abstract
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.
Recommended Citation
Cardenas, Kenneth
(2024)
"The EDSA Republic as Moral Liquidator:Embedded Origins, Unintended Consequences,"
Philippine Studies: Historical and Ethnographic Viewpoints: Vol. 72:
No.
4, Article 12.
DOI: https://doi.org/10.13185/2244-1638.5020
Available at:
https://archium.ateneo.edu/phstudies/vol72/iss4/12
