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Author Topic: Bloomberg article about Thailand.  (Read 12787 times)

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Offline TBWG

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Bloomberg article about Thailand.
« on: July 02, 2012, 02:50:20 AM »
Red warning signs are flashing again in Bangkok, the capital of Thailand.

We’re not talking about flashing lights of emergency vehicles -- although that might yet prove to be the case -- but the T-shirts of protesters loyal to Thaksin Shinawatra, the billionaire prime minister ousted in 2006 and still dominating Thailand from exile. Tens of thousands of “Red Shirt” Thaksin loyalists took to the streets Sunday supporting amendments to the constitution that would get their hero closer to returning home.

Opposition parties and the judiciary are determined to keep out a man they view as no less Machiavellian than Richard Nixon. So resolute, in fact, that they have resorted to warping the nation’s democratic institutions to head off his return. It proves that almost six years since Thaksin’s departure, Thailand’s government is no more credible or efficient than it was under his leadership.

What’s a troubled, stuck-in-2006 nation to do? Let Thaksin return and get this mess over with once and for all.

Not that Thaksin, the Silvio Berlusconi of Asia, deserves a single baht of his money back. Like the former Italian prime minister, Thaksin used his business connections to ascend to the leadership. Once there, he bent politics to the will of his family enterprises. The Thai state seized about $1.5 billion of Thaksin’s fortune once he was driven from power, and he wants it back.

Three Successes

Thaksin has been extraordinarily successful at three things since fleeing to avoid prison: playing the victim, drumming up support overseas and distracting Thailand’s leaders from moving on.

It’s time to call his bluff. Let the man return and prove that he’s not the crook that opposition forces claim. Force him to demonstrate he’s about more than just recouping his wealth. Make him stand before the Thai masses and explain his vision.

Will it be messy? Yes. Might the “Red Shirts” and the “Yellow Shirts” loyal to Thaksin’s opposition renew the huge protests that cost more than 100 lives? Absolutely. It might be worth it because there’s no election or judicial decision on the horizon to return the Land of Smiles to its former glory.

And that’s a problem. Investors have been patient -- and well rewarded -- with a place that has suffered 18 coup attempts in the past eight decades. Its 67 million people figure large in the global supply chains of industries such as autos and technology, helping to sustain fast growth rates -- an estimated 5 percent this year. That has made Thailand a must-invest market.

But Thailand’s perpetual crisis is testing tolerance. Major floods last year weren’t the fault of Thaksin’s sister, Prime Minister Yingluck Shinawatra. Her unsteady handling of the deluge that breached Bangkok’s defenses confirmed concerns that she is both inexperienced and a proxy for her brother as he finagles a way back into power.

Signs of incompetence and favoritism are what can cost a country like Thailand opportunities and jobs. At a time when developing nations try to become less reliant on export-led growth and Europe’s crisis is deepening, Bangkok is preoccupied with a man in exile. The way to end this saga is obvious.

Thaksin based himself in Dubai, but has visited everywhere from China to Japan to Montenegro (where he secured a passport) to the U.K. (he owned, for a time, soccer team Manchester City). Recently, he embarked on a tour of neighboring Cambodia and Laos, fueling speculation he was circling Thailand to signal that he’s closing in.

Somehow, Thaksin keeps a straight face as he compares himself to South Africa’s Nelson Mandela or India’s Mahatma Gandhi. Yet every stop Thaksin makes is an opportunity to play the martyr for the local media. Each visit is a chance to organize major rallies and embarrass officials in Bangkok.

China tends to send its loudest critics overseas to marginalize their impact, Chen Guangcheng being a recent example. Thailand is finding that model doesn’t work when the detractor in question can hire Edelman Public Relations and the Washington lobbying firm of Haley Barbour, a former Mississippi governor, to burnish his image.

Why Thaksin has such a hold over millions of Thais, many of them desperately poor, is a fascinating question. Thaksin tossed piles of cash at rural communities, a windfall that convinced locals that they were voting in their economic interest when they voted for Thaksin. Some probably were. His health-care programs proved very popular. Yet this solid powerbase enabled Thaksin to bypass the nation’s governing elites, mainly on the way to familial enrichment.

It’s time to stop blaming Thaksin alone. It’s not like Thai leaders, generals and judges have seen to the nation’s political development since then. Nostalgia for Thaksin would be negligible had they abided by democratic standards.

Thailand could spend another six years obsessing over all things Thaksin. Or it could just bring him home, and sort out this mess.

(William Pesek is a Bloomberg View columnist. The opinions expressed are his own.)


TBWG buriram_united sawadi

Offline taurus

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Re: Bloomberg article about Thailand.
« Reply #1 on: July 02, 2012, 05:10:18 AM »
Good article , however he appears to have left out the architect of mass murder in 03 when over 2,500 people died in "extra judicial " murders in his "War on drugs", the words "extra judicial" are not mine but can be read in every article on the subject .

Offline taurus

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Re: Bloomberg article about Thailand.
« Reply #2 on: July 02, 2012, 06:50:22 AM »
 On reading the excellent article again,rightly or Wrongly I came to the conclusion  it was all about one man ! :)

isanbirder

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Re: Bloomberg article about Thailand.
« Reply #3 on: July 02, 2012, 07:43:16 AM »
It's easy to see why Thaksin became popular;  alone of Thai Prime Ministers, he promised benefits to the poor, and delivered on his promises.  He knew how to cash in on the urban/rural divide;  the country folk have more votes (also they tend to be uneducated, and not understand what is behind the carrots he dangles in front of them).

Bringing Thaksin back does two things:-  it flouts the justice system, as he is still a fugitive felon with 2 years' jail hanging over him, and it virtually disenfranchises the urban elite.

Offline taurus

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Re: Bloomberg article about Thailand.
« Reply #4 on: July 02, 2012, 08:18:14 AM »
It's easy to see why Thaksin became popular;  alone of Thai Prime Ministers, he promised benefits to the poor, and delivered on his promises.  He knew how to cash in on the urban/rural divide;  the country folk have more votes (also they tend to be uneducated, and not understand what is behind the carrots he dangles in front of them).

Bringing Thaksin back does two things:-  it flouts the justice system, as he is still a fugitive felon with 2 years' jail hanging over him, and it virtually disenfranchises the urban elite.
Yeah A pretty fair summing up Isanbirder , but in your opinion do you not think that if he ever does come back,that this Country may well go on a civil war footing with blood on the streets?, as there are just as many who loathe him who think the sun shines out of his arse up here in the North and North East . :(

Offline taurus

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Re: Bloomberg article about Thailand.
« Reply #5 on: July 02, 2012, 01:27:32 PM »
http://asiasentinel.com/index.php?option=com_content&task=view&id=1122&Itemid=185   Of course this is just one of the Charges in which he will never ever come to trial ,although I ain't a gamboling sort of person I would bet a million to a piece of shit that these up here in Issan are completly unaware of it , and even if they was as long as they got the price of 5 bottles of Low khow or a night of playing cards they would still vote for him ,is it any wonder why he recognized  quite early that these people up here are so easily bought ,personally writing I think that they are there own worst enemy thanks mainly to their short term thinking  (there is no tomorrow only today) :o 

isanbirder

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Re: Bloomberg article about Thailand.
« Reply #6 on: July 02, 2012, 04:10:14 PM »
I doubt whether he will ever come back.  He knows Thai politicians too well.  I suspect he is quite content to control things through his sister.  The urban elite know perfectly well that there would be blood on the streets if he comes back, and nobody really wants that.  The problem is that the Redshirts want him back, because they think he will give them all sorts of benefits;  fat chance.... he knows how dangerous they are.  As you say, the voters in Isan don't have a clue.

Offline taurus

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Re: Bloomberg article about Thailand.
« Reply #7 on: July 02, 2012, 08:01:36 PM »
I doubt whether he will ever come back.  He knows Thai politicians too well.  I suspect he is quite content to control things through his sister.  The urban elite know perfectly well that there would be blood on the streets if he comes back, and nobody really wants that.  The problem is that the Redshirts want him back, because they think he will give them all sorts of benefits;  fat chance.... he knows how dangerous they are.  As you say, the voters in Isan don't have a clue.
Yeah Isanbirder spot on , in the Redshirts,its my view that Thaksin  has created a monster which he may not be able to control ,if you have not read the link I posted earlier I suggest you (and others) read it ,of course I stand corrected but I seem to have read somewhere that this is just one serious charge against him and there are others ,which will never be aired in the light of an open court ,due entirely to the Thai "justice "system in which that people in high places and those "connected" to them are somehow "above the law" and to expect equality for all is just a cry in the wilderness .

isanbirder

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Re: Bloomberg article about Thailand.
« Reply #8 on: July 03, 2012, 08:10:02 AM »
I think there are numerous skeletons in Thaksin's cupboard, but they will only emerge if his political opponents need to make use of them.  While he's outside the country, they mean little.

Offline taurus

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Re: Bloomberg article about Thailand.
« Reply #9 on: July 03, 2012, 08:41:37 AM »
I think there are numerous skeletons in Thaksin's cupboard, but they will only emerge if his political opponents need to make use of them.  While he's outside the country, they mean little.
Quite so! :)

Offline Nobby

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Re: Bloomberg article about Thailand.
« Reply #10 on: July 03, 2012, 08:56:57 AM »
due entirely to the Thai "justice "system in which that people in high places and those "connected" to them are somehow "above the law" and to expect equality for all is just a cry in the wilderness .

We all pay tea money to the BiB and with cash to persuade courts, anyone can win a Law case so its not just the people in high places, is it.

Offline nookiebear

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Re: Bloomberg article about Thailand.
« Reply #11 on: July 03, 2012, 09:09:34 AM »
The Thai Baht seems to have took a little hit overnight!!

Offline taurus

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Re: Bloomberg article about Thailand.
« Reply #12 on: July 03, 2012, 09:22:16 AM »
due entirely to the Thai "justice "system in which that people in high places and those "connected" to them are somehow "above the law" and to expect equality for all is just a cry in the wilderness .

We all pay tea money to the BiB and with cash to persuade courts, anyone can win a Law case so its not just the people in high places, is it.
http://www.nationmultimedia.com/national/Slow-justice-for-families-of-expressway-crash-vict-30185344.html  Yeah fair comment I suppose ,but I very much doubt there would be so much "foot dragging" if an underage 16 year farang driver with no licence  who plowed into the back of a vehicle whilst talking on their phone killing 9 Thai's in the process do you ?, so how much dough "mummy and daddy " had  ,please read the link  :)

Offline nookiebear

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Re: Bloomberg article about Thailand.
« Reply #13 on: July 03, 2012, 10:04:36 AM »
I think there are numerous skeletons in Thaksin's cupboard,
I would'nt mind being a skeleton in his sisters cupboard!!

Offline taurus

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Re: Bloomberg article about Thailand.
« Reply #14 on: July 03, 2012, 11:16:33 AM »
I think there are numerous skeletons in Thaksin's cupboard,
I would'nt mind being a skeleton in his sisters cupboard!!
I seem to have read somewhere that HER cupboard is strictly reserved for land speculators and the like! :P

 

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