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What Pita can learn from economic-crisis management to weather the political storm 


webfact

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Political and economic systems are vulnerable to corruption and abuse to favor a few influential persons at the expense of the public at large. The challenge is how to correct and manage it.

 

First breakthrough

 

Almost a decade after the 2014 coup, the reins of power in Thailand are still held by a military general, as Gen Prayut Chan-o-cha, the coup leader, continues to head a caretaker government.

 

Fortunately for the country, the first breakthrough arrived when the great majority of voters rejected military-allied parties in the May 14 general election, giving Move Forward Party and Pheu Thai Party the majority of seats. In alliance with six other parties, the coalition has a combined 312 MPs, a clear majority of the 500 seats in the House of Representatives.

 

The result of the election came as a surprise to political observers, as the pro-reform Move Forward emerged the single largest party, winning 151 seats. Their performance opens a window of hope for Thailand to regain the full spirit of democracy and revitalize the justice economy that is suffering from the monopolies enjoyed by a few dominant business tycoons.

 

Considering the numerical strength of the Move Forward-led coalition, the formation of a new government should have been an easy process. But undemocratic insertions in the Constitution sponsored by the coup masterminds have placed a huge barrier. The election of a prime minister needs a total of 375 votes in Parliament, which includes 249 unelected senators, one senator having quit just a day before the vote for prime minister on July 13.

 

By Thai PBS World’s Business Desk

 

Full story: https://www.thaipbsworld.com/what-pita-can-learn-from-economic-crisis-management-to-weather-the-political-storm/

 

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-- © Copyright Thai PBS 2023-07-18
 

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5 hours ago, webfact said:

Political and economic systems are vulnerable to corruption and abuse to favor a few influential persons at the expense of the public at large. The challenge is how to correct and manage it.

Easy, let Thailand sink to the gutter level until the country goes broke, then build it back up with the right people in charge.

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Unfortunately, other nearby countries like Indonesia and Malaysia for example have much less recent involvement of the military in government than Thailand. It's about time that Thailand throws off the yoke of repeated military coups and truly move forward.

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