Thee Philippine economy is ruled no longer by the tyranny of excessive regulation or of corporate monopoly but by the invigorating regime of market forces and free competition.

菲律宾的经济已不再遭受过度管制或公司垄断，而是充满了市场力量和自由竞争机制的活力。

youdao

Business wants to imitate the US only because it wants self-regulation and market forces to hold sway rather than suffer any excessive intervention by government.

BBC: Are we ready for e-shopping?