In a column published by Philstar Biz, the author revisits a set of central bank (BSP) books discussed the previous week, using them as a springboard to examine the endurance of the country's democratic institutions.
The column notes that despite eight decades of what it characterizes as poor economic policies and governance failures, the democratic system has persisted. The author suggests this longevity might be interpreted as a sign of resilience.
The piece points to one of the BSP books as describing this phenomenon as resiliency, though it raises implicit questions about whether such endurance should be celebrated or seen as a barrier to necessary reform.