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Thanathorn links coups to Thailand's slower growth

Former Future Forward Party leader Thanathorn Juangroongruangkit has used the 20th anniversary of the September 19, 2006 coup to argue that Thailand's political upheaval has contributed to weaker economic growth than regional neighbours.

Speaking at a Bangkok seminar on September 19, the head of the Progressive Movement called for military land, facilities and other assets to be redirected towards public and commercial use.

Two decades of political disruption

The seminar, organised by the House Standing Committee on Military Affairs at Bangkok Art and Culture Centre, was titled "Unfamiliar Memories: Wounds of the Coup and the Vanishing Justice Process".

Thanathorn said the Council for Democratic Reform under Constitutional Monarchy gave four reasons for removing the elected caretaker government of Prime Minister Thaksin Shinawatra in 2006. However, he said historical evidence indicated an underlying aim of creating mechanisms that placed elected governments under the judiciary and independent agencies.

Thailand has since had three constitutions and 10 prime ministers, with five removed through Constitutional Court rulings. Nine major political parties have been dissolved, two elections declared void, and another coup took place in 2014.

Growth behind neighbouring countries

Thailand's average annual GDP growth over the past 20 years was 2.6%, compared with a global average of 3.3%, Thanathorn said.

He said Vietnam's economy had expanded by 300% since 2006, while Indonesia and the Philippines recorded growth of about 250%. Thailand, by comparison, grew by 162%.

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He also pointed to what he described as a bloated bureaucratic state, saying the number of government agencies rose from 166 to 225, personnel reached 3 million, and the budget increased to 3.8 trillion baht.

Interest payments are projected to account for 13.6% of government revenue by 2029, he said, potentially restricting future spending on education and welfare.

Plans to repurpose military assets

Thanathorn proposed a military focused on combat capability, technology-led economic contribution and democratic alignment. He said the armed forces hold 71 golf courses, 12 buildings and hotels, 196 radio stations and more than 5.8 million rai of land.

Among his examples was the army's Ram Inthra International Convention Hall, valued at 3.4 billion baht and abandoned for three years. He said this had led to more than 700 million baht in economic losses and land opportunity costs.

Transferring it to the Treasury Department for an auction of private management rights aimed at the MICE industry could generate 3 billion baht in state rental income over 20 years and create tens of billions of baht in wider economic circulation, he said.

He also backed People’s Party Pathum Thani MP Chetawan Teuaprakon's proposal to turn the air force's Thupatemi Golf Course into a major public park for more than 300,000 residents. Plans include developing the Phahonyothin Road frontage into a transport hub linking the Red and Green Line systems.

Other proposals covered turning the navy's Sattahip electricity operation into a Smart Grid Sandbox, and acquiring AI-and-sensor Autonomous Defence Tower technology for border surveillance, wildfire and disaster monitoring. Thanathorn said an Offset Policy should require domestic software development.

He said that after three years working with military representatives on the House committee, he had found many personnel ready for change.

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Pictures courtesy of TNR

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21 September 2026

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FlorC Platinum Member

FlorC

Advanced Member

Worth it, just to get thaksin out.

ikke1959 Diamond Member

ikke1959

Advanced Member

He is so right. The coups and conservative attitude of the army and elite are holding the country back from going forward. They are afraid to loose power and cobtrol of the people. Other counyries which are more open minded are growing faster, while Thailand is squeezing everything to death. So new ideas are imposdibke as there is always a tegulation or law that prevents it. Just an example is the latest action of Lisa, whi did nothing wring, but it could be seen as promoting alcohol.. Happily they did not dare to punish her for this as it happened abroad, and Thai laws are not valid there, but only that it is in the news, shows that new or modern actions are not done.

Caldera Ruby Member

Caldera

Advanced Member
9 hours ago, Georgealbert said:

Former Future Forward Party leader Thanathorn Juangroongruangkit has used the 20th anniversary of the September 19, 2006 coup to argue that Thailand's political upheaval has contributed to weaker economic growth than regional neighbours.

He's almost certainly right about that. So many missed opportunities, Thailand really was in a great position. Just comparing Thailand with Vietnam, the different trajectories couldn't be clearer.

Davedub Senior Member

Davedub

Member
4 hours ago, riverhigh said:

"He also pointed to what he described as a bloated bureaucratic state, saying the number of government agencies rose from 166 to 225, personnel reached 3 million, and the budget increased to 3.8 trillion baht.

Interest payments are projected to account for 13.6% of government revenue by 2029."

Bloated bureaucracy smothers innovation, wastes capital on overhead, and incentivizes corruption. Huge RED flag for any economy. Major problem in the West where countries are experiencing massive debt resulting from uncontrolled government bureaucracy.

Thank you for saving me a rant!

I believe that bureaucracy CRIPPLES this nation. Most of it is utterly pointless and ill thought out. The waste of human work-hours is astronomical, both on the side of the bureaucrats and everyone else forced to suffer their miss-ministrations

One can only imagine the resultant gains in GDP and quality of life if all these wasted work-hours were spent doing something that actually benefitted Thai society

Rinato Senior Member

Rinato

Member
5 hours ago, spidermike007 said:

He is absolutely correct never forget the Prayuth Decimation, and the extent to which it set the nation back. There's no question that Thailand is still recovering from a decade of army mismanagement and incompetence.

Now it's facing a new level of incompetence with Anutin and his hapless administration. They are focusing on all the wrong things and doing everything in their power to avoid the real problems Thailand is facing.

Sooner or later the youth are going to wrestle control of this nation and only then might it march forward in a progressive direction.

This nation has to figure out a way to get rid of the elites, the oligarchs, the dinosaurs, and some incredibly toxic and very powerful people that are doing absolutely nothing to benefit the nation on any level.

While agreeing with you I think that once this dinosaurs disappears their places will be taken by their sons, daughters nephews and relatives. Breed of the elites that are owning the power.

ronnie50 Platinum Member

ronnie50

Advanced Member
1 hour ago, Caldera said:

He's almost certainly right about that. So many missed opportunities, Thailand really was in a great position. Just comparing Thailand with Vietnam, the different trajectories couldn't be clearer.

Yes, it's pretty obvious the repeated military and judicial coups have set back the Thai economy and society. And the comparison with Vietnam is a good indicator of what happens when there is disruption in the democratic order. Also, because of that, the country has suffered through government after government of inexperienced people in high profile positions. Nothing ever gets fixed, there's no vision excpet blah, blah. The economy as we can all see is a major casualty of this, but other chronic problems like a disfunctional education system for the masses, a pitiful minimum wage, corruption at al levels of government and SMEs, etc., mean only the corrupt and well-connected wealthy, leeching classes, 'advance' (for lack of a better word).

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