Ferdinand Marcos,
First State of the Nation Address
“ While we, in government are committed to defend the free initiatives of business which are not inconsistent with the public interest”, we will not shy away from our responsibility to intervene, to sustain ailing essential industries. On the other hand, we expect infant industries to grow, sick industries to recover and begin to stand on their own feet. We believe in helping by temporary assistance, not in pampering through permanent subsidies. We act from a conviction that in business as in any other activity only those who know how to exercise their freedom deserve to be free. ”
