The Philippines accounts for 0.16% of the world's waste plastic imports. Switzerland imports 10x more plastic waste and the Netherlands imports 100x more. Your explanation is very wrong.
https://ourworldindata.org/grapher/share-plastic-waste-impor...
I don't see how that contradicts the above poster's point that if there wasn't demand there would be no supply, and then to deal with it we ship it back to said third world countries so it can be "somebody else's problem", essentially exporting our waste and the ensuing health issues to other countries.
e.g. https://www.bbc.co.uk/news/world-48444874
And to just back up one of their minor points — "Recycling is a lie invented by the packaging industry"
https://www.npr.org/2022/10/24/1131131088/recycling-plastic-...
https://www.epa.gov/facts-and-figures-about-materials-waste-...