COLUMNS SIGN OF THE CRUZ by: Danilo P. Cruz

No Set Rules on Political Dynamics

[SIGN OF THE CRUZ by Danilo P. Cruz]

PRESIDENT Rodrigo Duterte’s recent announcement to finance the political campaign of his favored and anointed candidates should make us take a closer look at the connection between economic power and political power.

Centuries ago, when frightened Kings launched the Holy Crusades against the Saracen blades of Islam, the ruling nobility of Europe had to borrow heavily from wealthy traders and landowners to finance their costly expeditions across the seas. Their inability to settle their accounts forced them to confer royal titles to the money lords and share power with them in a kind of symbiotic relationship.

But with the demise of monarchial rule and the rise of parliaments in democratic societies, political parties were born and these evolved basically for the purpose of gaining control of the government by winning in the elections.

Whatever views one may have on this, from the moral or ethical point of view, such is the nature of ‘realpolitik.’ The dynamics of politics, especially in this country, are not based on set rules. President Fidel V. Ramos during his incumbency appealed to the Bankers Club of the Philippines and the Development Bank of the Philippines to carefully review loan applications of politicians who may use the money for image-building and other political purposes and not for worthwhile development projects.

Ferdinand E. Marcos was more wily and forceful. He declared an extended bank holiday at the homestretch of the 1969 presidential election. His opponent, Cebu’s Serging Osmeña Jr., who was hoping to withdraw the badly needed funds for his party workers nationwide, did not know what hit him. ###

DIYARYO MILENYO is a free and independent online media outfit that publishes events happening in the local communities and current issues that matter to the public with local, national and global implications. DIYARYO MILENYO is composed of volunteer journalists and community writers scattered in various parts of the Philippines. They report the news right and where it happens. It adheres to the standards and ethics of journalism. It imposes strict rules against attacking someone. Strictly adhering to publish good news only.

0 comments on “No Set Rules on Political Dynamics

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: