Ironic beauty of the thai political system : Thaksin ? The Junta ? Samak ? Somchai ? Abhisit ? Different views and bitter political feuds ?
The same lunatics, the same family, as far as the economy is concerned.
Let’s take the latest example. The current (ah ah ah) Commerce Minister (check here for her impressive background)
“Although the economy is already beginning to recover, this is not the right time to adjust the product prices yet because it would increase people’s spending burden,” Mrs Portiva said.
“I would like the producers to freeze their product prices for at least three more months to maintain the inflation rate at 3.5 to four per cent.” [...]
Mrs Porntiva said her ministry would ask the cabinet to watch price movements of 40 items under the goods and services control programme plus more than 200 other items on a special watch list to prevent manufacturers from raising prices unnecessarily to the public detriment. (Bangkok Post)
It’s a cut and paste of the inane and short sighted policies designed by Samak, during the Great Inflation Fear (in 2008, remember with peak oil prices at 140 USD in july 2008) ?
What’s the point to save “3 more months” ? Oh yeah… you remember, we are supposed to endure scary political fightings before april ? How convenient.
Anyway. Porthiva should stop talking, and should stop mixing economy with cheap politics and with issues she obviously doesn’t understand.
She wants more prices controls ? Sure, have a look at Venezuela. Same causes will lead eventually to the same effects.
Anyway 1 year and a half after the fall of Samak, and after a deep economic crisis, the so called Abhisit government is doing exactly the same than their alleged political opponents :
-free programs, hands outs
-mega projects as red herrings
etc. It’s easy : take the headlines of newspapers and just change the names of the so called ministers.
Oh and by the way… It would be interesting to hear some comments from Korn, the smart, young, witty (Abhisit’s buddy) and so modern Finances Minister (of the year !).
How can he look himself in the mirror while the Commerce Minister supports prices controls, like in a good old style soviet country ?