Fair analysis. However, the top 100 families will always do well, and 'the rest' will just return to farming upcountry if there is a recession (unless, of course, they don't own any farmland anymore). Nationalism and stricter foreign labour regulations can, as always, help to hide rampant corruption, and permanent structural problems in Thailand. - Yes, less families live under the poverty line than 20 or 30 years ago, but has people's life really improved that much (esp. compared to other countries)? Things will never really 'change' in Thailand, certainly not for another generation or two...