Philippine Central Bank’s Inflation Response Reflects Global Debt-Driven Growth Model and Structural Inequality
Original framing: “Philippine Central Bank Signals Series of Modest Rate Hikes” — Bloomberg
The article references historical structural adjustment policies from the 1980s-90s, linking them to current vulnerabilities in the Philippine economy. This provides a useful historical context for understanding the roots of structural inequality and economic dependency.
The Philippine Central Bank’s rate hikes are not merely a technical response to inflation but a reflection of a global debt-driven growth model that perpetuates structural inequality.
By examining historical patterns of structural adjustment, cross-cultural disparities in monetary policy, and the marginalization of local voices, we see how economic systems are shaped by power imbalances. Integrating Indigenous knowledge, scientific analysis, and artistic-spiritual perspectives can reveal alternative pathways that prioritize resilience and justice. Future modeling must consider how speculative capital flows and debt burdens affect not only economies but also ecosystems and communities. A trickster lens exposes the contradictions in mainstream narratives, urging us to reimagine monetary systems that serve people and planet over profit.