Setting Fair Oil Prices for the Filipino People (by Rep. Walden Bello)

Just this Monday, Rep. Walden Bello, a progressive Filipino solon, world-renowned economist and the originator of the "deglobalization" movement, recently spoke in halls of Congress on the need to set fair oil prices and increase income in a time of inflation. A series of urgent demands for relief, Bello's proposals perfectly complements Pagkakaisa ng Manggagawa sa Transport's (PMT) strategic and medium-term "Proposals to End the Recurring Oil Crisis" (http://bit.ly/endoilcrisis).

This is a must-read for policy-makers who are considering a lasting but feasible urgent solution on the oil inflation problem. Enjoy!

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Setting Fair Oil Prices for the Filipino People
Privilege Speech of Rep. Walden Bello, May 16, 2011

A year after its election, the administration can point to the high economic growth rate, particularly in agriculture, as one of its achievements.

However, perhaps more than economic growth, people prize economic stability, and the way things are going right now, there is a sense of things slipping out of control. The main challenge citizens want the administration to meet is, far and away, the economy.  And among the economic issues, inflation receives the highest priority as a problem that must be addressed by the government in a recent Pulse Asia survey, with some 53 per cent of respondents citing it.

Rep. Walden Bello