American Austerity in the Philippines—Lisandro Claudio
Lisandro Claudio joins Danny and Derek to explore how US colonial austerity shaped the Philippines and continues to influence its economy and politics today.
Phillipines President Ferdinand and Imelda Marcos at the White House with US President Ronald Reagan in 1982.
(Universal History Archive / Universal Images Group via Getty Images)Danny and Derek welcome historian Lisandro Claudio back to the program to talk about how austerity, first imposed by the US during its colonial rule of the Philippines, continues to influence the Filipino political economy. They discuss the colonial gold standard, dollar diplomacy, Miguel Cuaderno and the Central Bank of the Philippines, Ferdinand Marcos being forced to depreciate the peso, the Filipino left’s anti-debt stance, and the country’s dependency on exported labor.
Grab your copy of Lisandro’s book The Profligate Colonial: How the US Exported Austerity to the Philippines.
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