About two weeks ago, a Chinese investor invited me for dinner. He owns two large manufacturing firms here in the Philippines and employs about two thousand personnel. When I asked him what was his reason for investing in the Philippines, he said that the Philippines is a good country and he foresees a good return for his money however, too much democracy is killing its economy. He specifically pointed out that as compared to China, the labor industry here is very much unstable due to strikes, cases being filed every now and then and clamors made by various sectors. Then, he ended up the topic by saying, “Philippine government should not be too democratic because it is not yet mature to handle its affairs.”