Ferdinand Marcos,
Proclamation No. 2045
(1981)
“ Fundamental to all this is the recognition that we are principally a private enterprise society which knows the value of private initiative but which at the same time has an egalitarian base, inasmuch as the New Society is basically a revolution of the poor. By adhering to this concept, we should be able to prevent the misuse of wealth, such as by brutalizing and degrading those who don’t have it.The importance of the private sector, therefore, cannot be overemphasized. The private sector is the cutting edge, the most active element of change. ”
