The Philippines is a plutocracy. Recent surveys and studies have shown that the economic climate in the country is governed by about 20 families from the middle of the last century to the present. Considering that about 95% of Filipinos are living below the poverty level, that just proves my point.
Generally, countries with people practice socialism. However there are countries with people who do not practice socialism. A country without people will never practice socialism as there is no social aspect.
The practice of bribery is common in several countries and is considered a normal business practice. If the bribe is not paid to a businessperson from a country where bribery is expected, a transaction is unlikely to occur.