Category: Work in progress

Energy after the new strongmen:

Kenneth Cardenas2 Comments

Notes for the next revolution

I will be presenting this paper at Dynamics of Change and Continuity in Philippine Political Economy: Martial Law and the Marcos Restoration on 24 February 2023.

Energy industry reform was one of the defining features of the Edsa Republic’s political economy. It involved the largest privatizations, the largest flows of fresh investment, and the most profitable arms of the largest Philippine conglomerates. As a marquee policy, it also offered a way for successive post-Marcos administrations to signal their commitment to their creditors, repudiate the state-directed orthodoxy of 20th century development thinking, and experiment with a doctrinaire form of neoliberalism.

Yet market rule broke many of its promises. Monopolization, high prices, and supply shortfalls remain, or have deepened. In abandoning grand, strategic public investment, and in prioritizing investor sentiment and creditworthiness over the quality and price of a modernizing good, energy industry reform saw neoliberalism at the household level, and likely contributed to nostalgia for the megaproject-focused approach last seen under the Bagong Lipunan.

This paper articulates a refusal against both the neoliberalization of energy under the Edsa Republic, and the surrender to “political will”, with its attendant risk of crony capitalism and authoritarianism, pushed by the Philippines’ new strongmen. I argue that electrification uniquely offers embedded lessons for disentangling public investment and commons formation from authoritarianism, debt traps, and development aggression. By listening to the expertise that had been cultivated within Napocor in the late 20th century, and in electric cooperatives in the early 21st, and by anticipating energy transitions and crises in the medium-term future, I aim to recuperate a latent developmentalism within the Philippine energy industry as a reservoir of possibility for the next revolution. I pay specific attention to efficiencies that cannot be discovered and/or distorted by the market, and to forms of resistance to centralized power that inhere within the Philippine energy landscape.

“De-Marcosification” and the rise of new urban rentiers:

Kenneth Cardenas3 Comments

On the unintended consequences of post-EDSA privatizations.

I will be presenting this paper at the The 5th Philippine Studies Conference in Japan organized by the Annual Philippine Studies Forum in Japan, on 27 November 2022.

This paper revisits the lasting imprint left by privatizations after the EDSA Revolution on the development of capitalism in the Philippines in the early 21st century, with an emphasis on path-dependence, unintended consequences, and domestic technocratic and bureaucratic actors.

Focusing on the efforts of the Presidential Commission on Government Reorganization (PCGR) in the late 1980s, it re-evaluates how a specific understanding of the state’s role in the economy was developed through the reorganization of crony- and state-owned enterprises. It proposes that consequential features of privatization were not the outcome of an ideologically-coherent liberalization. Instead, they were part of a moralized “De-Marcosification” process: liquidating crony-owned or inefficient state investments to fund agrarian reform. This practice of linking proceeds from privatizations to specific policy objectives, in the form of “special accounts”, had since proliferated across the Philippine government. Key development and policy objectives were linked to the speed and constancy of asset liquidation, and became decisive in how privatizations in the 1990s and 2000s were implemented.

“We must systematically ‘de-Marcosify’ society.” From Principles and Policy Proposals, the provisional report of the Presidential Commission on Government Reorganization.
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Countermapping v. epistemicide:

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On the limits of neoliberalism, financialization, and gentrification

I will be presenting this paper at the Counter-mapping the City International Virtual Conference, organized by the Counter-Mapping PH Network, on 15 March 2022.

Critical urban scholarship has an unstated canon. The core concepts of this canon had been developed in response to North/Western experiences by North/Western experts, have been circulated and universalized through knowledge practices with roots in Empire, and now exert a distortive influence on scholarship from and on, the global South.

In this paper I propose an epistemic sense of “countermapping”: naming the ways mundane practices of critical urban scholarship reinscribe the cartographic practices of Empire, and showing how key features of present landscapes of class power and dispossession may be better described by explicitly Southern modes of knowing. 

Enclosed and deliberately-idled land is a persistent feature of urban Philippine landscapes. These are dispossessions: their presence means land is withdrawn from beneficial use, and they contribute to artificially-high land prices.
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Critical cashflow analysis: Ayala Corporation, 2015

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This Sankey diagram depicts data from Ayala Corporation’s 2015 Annual Report: cash flows, both into and out of the company, from and to investing, operating, and financial activities, and total assets. Urban land and infrastructure activities emphasized.