>>56755943>>56725060>>56751171>>56764440The current exchange rate between the US Dollar and the Philippine Peso is $0.018. If you were to build a nice house in the country, it would, I kid you not, cost less than $1,000. Unlike Argentina or Indonesia which have a hyperinflation issue, the Philippines is a genuine shithole.
The numbers aren't exact but I'd wager 1 in every 5 Filipinos live below the poverty line. Even though ID has its fair share of territories which drag GDP down, flips have no excuse since they are actually pretty homogeneous. Keep in mind, a salary of $500 (not per month, per YEAR) is enough to be well off in the country.
Having to participate in a late capitalistic system while stuck in a country that's poorer than Colombia and Chile combined will quickly drive someone insane, hence why the Philippines has the world's highest rates of schizophrenia diagnosis. A lot of these people can't leave and so they fester and because the country is even more xenophobic and nationalistic than SEA. It's a self-fulfilling prophecy where mental health declines linearly with the economy and affects every sector of society.
