Julie and I wish to convey our most heartfelt condolences to the daughters and entire family of Comrade Gregorio Rosal, Ka Roger, and to all cadres and members of the Communist Party of the Philippines, all the Red commanders and fighters of the New People’s Army, all adherents of the National Democratic Front of the Philippines and the broad masses of the Filipino people.
The crisis is thrity years old, not 3 years old. The causes of the crisis should be tracked down in the goods-producing economy, not in the financial markets. The financial markets did not drag goods-producing industry to the abyss. Rather the financial markets were kept alive up to the collapse of the speculative bubble by credit-financed demand.