Friday, January 21, 2011 President Aquino on Conditional Cash Transfers

"But many of us who are observers of the Philippines also at least observe that there are some deeply structural issues in the Philippines that at least fuel some of the inequality and injustice and also corruption. And foremost among those, it seems, is the maintenance of a at least semi-feudal structure of overall society in the Philippines that is something more akin to Pakistan than to maybe some of -- other countries across the region.

And my question to you is do you accept that characterization of the Philippines, and if so, what is and can your government do to address these deeply structural issues?

AQUINO: One of the current issues that has been brought up by the Philippine Senate has been our emphasis on conditional cash transfers in the budget. They say that these handouts are not the solution and we should go back to the traditional methods of having -- rely on trickle-down economics as the key towards uplifting the lot of our people."

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