If everyone in the Philippines can't help but feel that there must be something wrong in the way the Lopez family and the Macapagals and Arroyos deal with each other and in different sections of the economy, a 1994 study by University of Wisconsin historian Alfred McCoy seems to offer a valid explanation.
According to McCoy, the bad feelings between the Macapagals and Lopezes started more than four decades ago, when Diosdado Macapagal, President Arroyo’s father, was elected president of the Philippines in 1961. Back then, Eugenio Lopez and his younger brother Fernando not only financed his rival’s campaign but they were maneuvering for control of Congress to position Fernando for a presidential run in 1965. Hence, President Macapagal tried to employ the full powers of the state to bring the Lopez empire down.
According to McCoy, the bad feelings between the Macapagals and Lopezes started more than four decades ago, when Diosdado Macapagal, President Arroyo’s father, was elected president of the Philippines in 1961. Back then, Eugenio Lopez and his younger brother Fernando not only financed his rival’s campaign but they were maneuvering for control of Congress to position Fernando for a presidential run in 1965. Hence, President Macapagal tried to employ the full powers of the state to bring the Lopez empire down.