Multiply this scheme across the country’s major industries, and you begin to grasp the staggering degree of corruption that took place during Martial Law. Marcos and his cronies were co-conspirators in a systematic scheme to loot the Philippine economy, which, in their minds, was theirs for the taking.
In 1998 Imelda was even quoted as saying in an Inquirer interview: “We practically own everything in the Philippines, from electricity, telecommunications, airlines, banking, beer and tobacco, newspaper publishing, television stations, shipping, oil and mining, hotels and beach resorts, down to coconut milling, small farms, real estate, and insurance.”
Imelda also once said, “If you know how much you’ve got, you probably don’t have much.”
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