Wind of change from Brexit to the US : Ex-finance minister Thirachai

 

 

BANGKOK: -- Former finance minister Thirachai Puvanardnaruban said the stunning victory of Donal Trump in the US presidential election reflected the changes of the middle-class people in developed countries.

 

Beginning with Britain’s exit from European Union, Thirachai, writing in his Facebook page, said the wind of change has swept across the Atlantic to the US and, eventually, it will sweep back to several other European countries.

 

In the past many times, developed countries behaved themselves as world leaders in economic, social and spiritual aspects and played the leading role in the world arena, said the ex-minister, currently chairman of the Bank of Agriculture and Agricultural Cooperatives.

 

They preach and practice free trade, tolerance and appear to be ready to give opportunities to less-developed countries so they have a chance to develop and solve their problems.

 

But under the new trend, the middle class in the developed countries began to think that, although they may benefit from free trade, they gain less benefits than the elites because the latter have better education, have more access to cross-border trade opportunities and can relocate to work abroad, said Thirachai.

 

Free trade in the past 20 years has given an opportunity to Chinese and Indians to improve their livelihood and this has put pressure on pay and wage in developed countries.

 

Full story: http://englishnews.thaipbs.or.th/wind-of-change-from-brexit-to-the-us-ex-finance-minister-thirachai/

 

-- © Copyright Thai PBS 2016-11-10

The wind of change , he refers to, could soon be sweeping through Thailand too!

1 hour ago, Retiredandhappyhere said:

The wind of change , he refers to, could soon be sweeping through Thailand too!

 

 

Hope springs eternal !

"the middle class in the developed countries began to think that, although they may benefit from free trade, they gain less benefits than the elites because the latter have better education, have more access to cross-border trade opportunities and can relocate to work abroad"

 

Does he seriously think this is what troubles the middle class in the developed world?

 

Or is he projecting one of the problems of "developed" (in his dreams) Thailand, on the genuinely developed world?

> ...  Free trade in the past 20 years has given an opportunity to Chinese and Indians to improve their livelihood and this has put pressure on pay and wage in developed countries. <

 

Well, the mon surely got a point there.

 

> ... the changes of the middle-class people in developed countries. < 

 

- and there too. Here's something that changes:

 

 

2 hours ago, Retiredandhappyhere said:

The wind of change , he refers to, could soon be sweeping through Thailand too!

Yes, the Thai wind of change - blowing us all back to yester-century (sorry: that is not going back far enough!)!

Edited November 10, 20169 yr by Eligius