I’ve told you before how the huge country that is the Phils has suffered from exploitation through religious conquest over the centuries. This week, it was all over the news that the Philippines have had their credit rating upgraded to “investment grade” by some rating agency called Fitch. Should you have ever wondered what the hell a rating agency is, who appointed them and why their utterings have any relevance, check out this article.
Now, the Philippines (a country named after a Spanish king of the 16th century who sent an invading force of Catholics to usurp the place) have a long way to go indeed. Most of the wealth is still concentrated in the hands of only a few well-off families Continue reading
