Often called the "Freedom Constitution", this constitution was intended as a transitional constitution to ensure democracy and the freedom of the people. ... The constitution was ratified by a nationwide plebiscite on February 8, 1987. Corazon Aquino abolished the National Assembly on Tuesday and signed an interim ''freedom constitution'' that gives her sweeping personal power until a new constitution is ratified.
The 1986 “Freedom Constitution” is a misnomer.
For one, the economic restrictions in Article 12 are tyrannical and limit the freedom of Filipinos to do business with other human beings who don’t happen to be Filipino.
The protection of Filipino businesses come at high cost to Filipino consumers who could have benefited from better options provided by a foreign competitor. Nearly three decades after the “freedom constitution” was passed, Filipinos are still stuck with Globe and Smart/PLDT. Electric utilities are controlled by MERALCO or subsidiaries of MERALCO. The oligarchs have an oligopoly or even a duopoly as in the case of the telecom industry which has the most expensive rates in Asia and the slowest speeds.
When democracy was restored in 1986, President Corazon C. Aquino issued Proclamation No. 3, suspending certain provisions of the 1973 Constitution and promulgating in its stead a transitory constitution. A month later, President Aquino issued Proclamation No. 9, s. 1986, which created a Constitutional Commission tasked with writing a new charter to replace the 1973 Constitution. The commission finished its work at 12:28 a.m. of October 16, 1986. National Plebiscite was held on February 2, 1987, ratifying the new constitution. On February 11, 1987, by virtue of Proclamation No. 58, President Aquino announced the official canvassing of results and the ratification of the draft constitution.
