Collapse of State Enterprises

From Thairath, January 27, 2017
Title: Disaster day.
On the jet: Reveal bribery.
From left there is a Thai airways plane and logos from three state enterprises: PTT (Petroleum Authority of Thailand), PEA (Provincial Electricity Authority) and MEA (Metropolitan Electricity Authority)
Mouse man: Collapse of state enterprises.
Mouse: Cleaning up corruption.

[This cartoon points out that several Thai state enterprises have been recently been involved in corruption scandals.
During his time as prime minister, Thaksin attempted to privatize Thai state enterprises and this became a point of contention for pro- and anti-Thaksin groups.
Thaksin’s policy was in line with the international trend toward privatization to create more responsive, transparent and business-like running of these bodies.
Critics contended that the enterprises would be sold off at fire-sale prices and funneled to business entities connected to Thaksin allies–and often to overseas buyers.
To combat this, feelings of patriotism were fired up to create public opposition to the sales. This was the idea that protection of valued Thai resources should take precedence over converting these enterprises to businesses that put profits first and might possibly cut jobs for state workers–all the while enriching Thaksin allies.
The recent spate of scandals–especially after local Thai corruption bodies failed to find any wrongdoing–is ammunition to those who still wish to see Thai state enterprises privatized in the name of efficiency and transparency.]

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One Response to Collapse of State Enterprises

  1. Anonymous says:

    Well, Not quite, Even PDRC accept the privatization to improve efficiency. However, PDRC have strong objection on the way to privatize. The stocks and assets of state enterprises must be purchased to become properties of Thai masses including Thai common men, not those political cronies like those PT men and Ai Maew.

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