100 ruling familiesA foreign friend and analyst has described the Philippines in this fashion:“The Philippines is a rich country, where the people are poor, and there is extreme wealth sitting alongside extreme poverty. Has the Philippines become an oligarchipelago? The oligarchs could regroup with political dynasts to stop policies that will end their combined grip on economic and political power. If he expands his reform to loosen as well the hold of political dynasties on political power, I will forswear the term “oligarchipelago.”yenmakabenta@yahoo.com “It is an archipelago of 7,107 islands, and an oligarchipelago of 100 ruling families.

Source: Manila Times August 05, 2016 17:03 UTC