Next year will mark the 50th anniversary of martial law being declared in the Philippines, a move that turned Ferdinand Marcos from an elected president into a one-man ruler with dictatorial powers; and a kleptocrat who is estimated to have amassed $10 billion in ill-gotten gains while committing grave human rights abuses over the following 14 years, until he was ousted in the People Power Revolution of 1986.
If there is some irony in the fact that 2022 is also the year when his son, Ferdinand Marcos Jr, may run for the presidency, there is also, with hindsight, an air of inevitability about it.
“Bongbong”, as Mr Marcos Jr is universally known, came very close to winning the vice presidency in 2016. His mother Imelda, once infamous for her opulent shoe collection, won four terms in the Philippines House of Representatives after returning from exile in 1991. His sister Imee is currently a senator, having previously been governor of the Marcos home province of Ilocos Norte and a representative for the same area. Despite his undoubted crimes, meanwhile, Marcos Sr was accorded the honour of a burial in the National Heroes’ Cemetery in 2016. With many now talking of the country enjoying a “golden age” under the rule of a man who was once reviled, the whitewashing of the Marcos era seems near complete.
But the Philippines is far from alone in displaying what many would consider bewildering nostalgia in a democracy for an authoritarian past. In neighbouring Indonesia, Defence Minister Prabowo Subianto appears little harmed by having been the son-in-law of the late dictator Suharto (who may have looted as much as $30bn from his country); indeed, Mr Prabowo is one of the frontrunners in surveys for Indonesia’s 2024 presidential election.
In August, I wrote about the re-emergence of Saif Al Islam Qaddafi, whose presidential ambitions in Libya appear to have solid support according to the limited polling available. There have been many reports about nostalgia for Saddam Hussein in Iraq, even though his brutality, his extensive use of the most appalling torture, and his killing of maybe hundreds of thousands of his own people is well known.
Other continents have not escaped this phenomenon. Hywel Williams, director of the Erasmus Historical and Cultural Research Forum in London, points out to me that “Europe has a big East-West divide” on this. There is fond looking back, for instance, at the regency of Miklos Horthy in Hungary, even though Horthy was an open anti-Semite who allied with Germany in the Second World War. It's the same in the case of the conservative, militarily dominated governments in Poland during the inter-war period. Even France is not immune, as became clear when 20 retired generals recently published a letter warning that the military might need to take action if “those who run our country” did not “end the growing chaos”, as they put it.
Mr Williams thinks that these instances of weakening attachments to the liberal democratic order are “directly related to the failure of capitalism to produce goods for the masses. That’s a very 1930s phenomenon, which now comes with a global outsourcing twist". It is certainly true that if the leaders of relatively new democracies fail to deliver the basic needs of the populace – adequate food, accommodation, education, health care and the realistic hope for a better life – then what may be a novel form of government may easily lose its lustre. In this case, its supposed advantages can appear hollow. Bobby Benedicto of McGill University in Canada wrote in an astute essay earlier this year: “Formal institutions of representation often fail to sate the sense of impotence that marks the lives of those who, in principle, come to possess freedom and autonomy.”
A yearning for the stability countries enjoyed under authoritarian regimes is also understandable if the democratic present is chaotic and dangerous. But there is also the issue of young people who never knew the past failing to be aware of its often very considerable downsides. “Because they have not experienced authoritarianism, they are likely to have both higher expectations of democracy and less information about the costs of authoritarianism,” wrote MIT researcher Marsin Alshamary in 2018. “By contrast, generations who lived their formative years under authoritarian rule are more forgiving towards democracies, despite their flaws.”
The future is certain; it’s the past which is unpredictable
An old Soviet saying
This is something of which Bongbong Marcos is very aware. Asked about his father’s rule in 2015, he was combative – and seductively selective – about the elder Marcos’s record: “Will I say sorry for the thousands and thousands of kilometers [of roads] that were built? Will I say sorry for the agricultural policy that brought us to self-sufficiency in rice? Will I say sorry for the power generation? Will I say sorry for the highest literacy rate in Asia? What am I to say sorry about?”
This has a clear appeal, not least because it is based on the truth, however partial. And when democratic politicians can be cast as elites who serve their own interests, not those of the people, a strong leader – who may also, perversely, be a child of privilege – can manage to present himself as the true voice of the masses. “Authoritarian power," Mr Benedicto wrote, "is only experienced as unfreedom if one does not see oneself in the figure that wields it. For those who do, it affords an opportunity to partake in the subjective freedom of a figure who appears as an agent of history rather than a slave to its forces.”
Agency: that word is key. If voters feel they are mere servants of an uncaring and capricious market, they may be open to the lure of a self-styled “fighter for the little folks” through whom real “people power” can be exercised on their behalf. If Bongbong Marcos and others can harness that, they may not just win power. They will also prove the truth of the old Soviet saying: “The future is certain; it’s the past which is unpredictable.”
Dubai Bling season three
Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed
Rating: 1/5
Groom and Two Brides
Director: Elie Semaan
Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla
Rating: 3/5
What are the main cyber security threats?
Cyber crime - This includes fraud, impersonation, scams and deepfake technology, tactics that are increasingly targeting infrastructure and exploiting human vulnerabilities.
Cyber terrorism - Social media platforms are used to spread radical ideologies, misinformation and disinformation, often with the aim of disrupting critical infrastructure such as power grids.
Cyber warfare - Shaped by geopolitical tension, hostile actors seek to infiltrate and compromise national infrastructure, using one country’s systems as a springboard to launch attacks on others.
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).
'Laal Kaptaan'
Director: Navdeep Singh
Stars: Saif Ali Khan, Manav Vij, Deepak Dobriyal, Zoya Hussain
Rating: 2/5
'Manmarziyaan' (Colour Yellow Productions, Phantom Films)
Director: Anurag Kashyap
Cast: Abhishek Bachchan, Taapsee Pannu, Vicky Kaushal
Rating: 3.5/5
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
The%20specs
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Bib%20Gourmand%20restaurants
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Biog
Mr Kandhari is legally authorised to conduct marriages in the gurdwara
He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
Porsche Taycan Turbo specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 1050Nm
Range: 450km
Price: Dh601,800
On sale: now
MATCH INFO
Championship play-offs, second legs:
Aston Villa 0
Middlesbrough 0
(Aston Villa advance 1-0 on aggregate)
Fulham 2
Sessegnon (47'), Odoi (66')
Derby County 0
(Fulham advance 2-1 on aggregate)
Final
Saturday, May 26, Wembley. Kick off 8pm (UAE)