How sufficiency-economy ideas can guide more than just farmers
By Nophakhun Limsamarnphun

The Nation

 

BANGKOK: -- The philosophy of sufficiency economy is often misunderstood as applying only to farmers and other low-income workers. In fact His Majesty the King’s doctrine is a valuable tool in controlling risk and other aspects of management in the public and private sectors.

 

In the wake of Thailand’s 1997 financial crisis, Siam Cement Group, for example, decided to pull out of non-core businesses to boost its competitiveness after diversifying into several industries beyond cement and building materials, petrochemicals, and pulp and paper.

In other words, Siam Cement and other Thai conglomerates apparently over-invested during the economic boom years prior to the 1997 crisis, resulting in heavy debt burdens, especially in foreign currencies.

 

Full story: http://www.nationmultimedia.com/news/national/30298384

 

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how can anyone be talking about sufficiency when everything revolves around borrowing to spend? step one is the general public living within their means.

Sufficiency is not diversification as given by the example. That should be sufficient!