Disclaimer : what I’m going to say applies to… virtually every country and to many sectors… It’s a global disease. A terrible virus.
A few scientists have managed to identify some parts of the DNA of this virus. Here is the list :
… A powerful cocktail indeed. 😉
Tourism business operators in Thailand are suffering from a lack of cashflow and want to borrow Bt15 billion to keep their businesses afloat, according to Deputy Prime Minister Korbsak Sabhavasu, who said on Monday that it will nonetheless take “at least six months” for the industry to recover.
Dr. Korbsak told journalists that as the government has made the tourism sector a national priority, the government must now assist tourist-oriented businesses.
Tourism entrepreneurs do not even have enough cash for their employees’ salaries and are facing cashflow problems, he said. (TNA)
Let’s summarize :
-tourism sector is suffering. A lot. Global economic crisis + political crisis… they are nailed. On the wall.
-but they all believe, sorry they all wish, that the crisis is going to end quickly…
-so they want to borrow money… to pay their employees ! They have cashflow problems… They don’t want to borrow to invest to enjoy opportunities in a growing market, prepare the profits of tomorrow bla bla bla… no… they’re just looking to pay for their expenses !
-shouldn’t they try instead to adapt, it means to cut capacities for instance, to lay-off ? Or even to change business model ?
-that would be basic common sense, of course, but even the thai authorities are pushing them into disillusion.
-what are they going to do if the crisis… lasts longer ? Will they continue to borrow to pay their operating expenses ? To continue to pay employees who are not working because the customers have disappeared ? We are walking onto the head !
With such people (and tourism is not the only sector to cry for mama) and with such government and with such mindset… I tell you : we are doomed.
And again, this is not a thai exclusivity. The virus is everywhere. Car, bank industries in Europe, USA… It’s insane. A global hallucination.