The Economist: Thai rice plan is failed Thaksinomics

Going against the grain – The Economist, August 15, 2012
…The outlook is particularly problematic in Thailand, as the policy is representative of the government’s ideological stance.
Among the main reasons why Thailand’s elites and political opposition were wary of the election of Yingluck Shinawatra as the country’s prime minister a year ago was the return of the populist economic policies that had become synonymous with her brother. “Thaksinomics” sought to raise the living standards of the country’s poor through government spending, which in turn was supposed to generate a multiplier effect that led to higher consumer spending. It also looked like a wheeze to win votes from the poor…

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6 Responses to The Economist: Thai rice plan is failed Thaksinomics

  1. David Brown says:

    mmmm…. well democracy is a scheme to force politicians to need votes to stay in power

    by definition democratic politicians must be popular or lose office

    it seems many Thai politicians think they have god (or military or King)-given rights rather than people-given rights

    while the rulers of Thailand hate voters the country will moulder

  2. Wisarut says:

    Scheming to turn Thailand into republican regime so you can invite the neocolonialists to loot Thailand?

  3. mm says:

    ….. If there is anything left to loot after the current looters – both yellow and red – have left.

  4. Wiz says:

    They can get from UDD who Yankee have thrown the supports for them …

  5. Wiz says:

    Ai Maew is like Saddam and Marcos or even Soehato who have been created by Yankee to loot the country until they are outlive their usefulness

  6. mm says:

    ^^^ Those yellow shirts almost always sound like redshirts on the subject of supposed American hegemony. I trust not the USA regime one wit, but can still appreciate that The Manager is just going through the same old cynical blame-someone-else game that all local pols and pundits resort to when faced with the miserable prospect of their own abysmal failures. There are no new moves in local politics – just the usual kleptocracy and its apologists.

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