Thai parties pledge to tackle economic inequality, business groups sceptical

[snoop1130]

 

Business organisations have expressed support for the Move Forward Party’s campaign pledges to address economic inequality in Thailand, but they question the party’s ability to overcome long-standing issues.

 

On May 22, eight political parties signed a memorandum of understanding, outlining 23 focal points for governing Thailand. These included a joint commitment to reducing inequality and promoting equitable economic growth. The Move Forward Party is particularly recognised for its opposition to monopolies, aiming to support small and medium-sized enterprises (SMEs).

 

Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), commented on the party’s policies, saying, “The party has some good policies, but the question is whether it can translate them into action.” He added that the Move Forward Party and its allies face a challenging task, as the issue of inequality has been deeply rooted in Thailand’s economy for many years.

 

Kriengkrai also noted that the new administration would find it difficult to deal with monopolies, as well as the obstacles it would face within the country’s bureaucratic system.

 

By Alex Morgan

Caption: JFCCT SME Committee: SME Seminar "Scaling-up SMEs Access to Finance" held at UOB Plaza Bangkok on March 16, Image via Facebook

 

Full Story: https://thethaiger.com/hot-news/economy/thai-parties-pledge-to-tackle-economic-inequality-business-groups-sceptical

 

-- © Copyright Thaiger 2023-05-29

 

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[Pedrogaz]

Easy to pledge....difficult to do. Can anyone name a country that has reduced inequality in the past decade? Two decades? It seems the rich get richer and the poor, poorer....as though it is a Law of Physics. We know the cause, the outrageous greed and selfishness of the rich. I do wish politicians would stop making pledges for which they have no agency to implement. 

[hotchilli]

12 hours ago, snoop1130 said:

Business organisations have expressed support for the Move Forward Party’s campaign pledges to address economic inequality in Thailand, but they question the party’s ability to overcome long-standing issues.

Keeping the status quo will solve nothing as the last 10 years has proved already.

The wealth divide has increased 10-fold

Give these new faces a fighting chance by supporting them, and not questioning their ability even before they start.

[hotchilli]

12 hours ago, snoop1130 said:

Kriengkrai also noted that the new administration would find it difficult to deal with monopolies, as well as the obstacles it would face within the country’s bureaucratic system.

Something that the MFP knows it has to change.