When President Aquino entered office in July 2010, there was big talk in the crony press about ”Aquinomics,” as though the country had lucked into an economic wunderkind in the mold of John Maynard Keynes and Milton Friedman. It was said that a chariot called “public-private partnership” would be the vehicle that would modernize the nation’s infrastructure and utilities.
After five years, it’s been one heck of a ride, sometimes sure-footed, sometimes bumpy, and sometimes like a roller-coaster.
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