In October of 1998 founder of the Communist Party of the Philippines (MLM) and political consultant to the National Democratic Front of the Philippines, Jose Maria Sison, wrote:
In the name of promoting economic growth and preventing inflation, monopoly capitalism has used its imperialist state to trample upon the hard-won rights of the proletariat, bring down the wages and living conditions of the people, provide tax cuts to the monopoly firms but raise taxes on basic consumer goods and services and cut down government spending for social benefits and social services. It has done so to accelerate the accumulation of capital, maximize profits and counter the general tendency of profit and growth rates to fall in the imperialist countries. (Sison, 138)
Source
Sison, Jose Maria. Selected Writings of Jose Ma. Sison, 1991-2009, Volume 2: For Democracy and Socialism Against Imperialist Globalization. Philippines: Aklat ng Bayan, Inc., 2009.
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