Economic reforms will solve the ongoing chronic political conflicts, which keep intensifying amid market monopolies, corruptionThe political turmoil has been caused by problems with the economic structure, resulting in massive financial losses, Thailand Development Research Institute (TDRI) chairman Kosit Panpiemras told an annual seminar entitled “Economic Reforms for Social Justice”.

Kosit highlighted three fundamental issues: poverty; business monopolies via policy corruption; and the income gap.

“These collide against political factors, the so-called ‘populist policies’ that, through support of the neglected majority, guarantee overwhelming political success. However, such policies are dubious, because they tend to ignore monetary and fiscal discipline and sustainability. That means they are unacceptable to the middle class of elites shouldering a growing tax burden,” he said.

via Economic reform: key to end political conflicts –

Economic reform: key to end political conflicts
Economic reform: key to end political conflicts

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You May Also Like

Thailand’s political parties’ policies for elderly people

In the upcoming general election on May 14th, 2023, several political parties have launched campaign policies to woo elderly voters, who are expected to play a crucial role in determining the outcome of the polls.

Royal pardon cuts ex-PM Thaksin Shinawatra’s prison sentence to one year

Thailand’s King has reduced the sentence of former prime minister Thaksin Shinawatra from eight years to one, citing his age, illness, remorse, and loyalty to the monarchy.

Move Forward to lead opposition coalition with 309 MPs

The coalition would have a total of 309 seats in the 500-member lower house, which is enough to pass legislation but not enough to elect a prime minister