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October 24th, 2016, 12:11
#11
Re: Protests update
Unless I am reading something incorrectly, surely that Credt Suisse Survey is precisely about wealth inequality?
There are two other issues that have hampered - and continue to hamper - Thailand's economic development and thus its wealth creation and not incidentally a greater distribution of that wealth: endemic corruption on what has become a massive scale and an education system that is desperately incapable of giving students the tools they need to climb out of poverty. It can be no accident that one reason the Asian Tigers developed so quickly is because they all had far more advanced educational systems that are now even more advanced. With the tea money on government contracts regularly in excess of 30% (when that was closer to 15% 20 years ago) and historically the tradition of the providing gifts to those who help individuals, some government has to take very difficult and effective measures to root this out of society. It can be done more or less effectively - as it was in Hong Kong - but it requires a government with guts and utter determination. Will that ever be possible in Thailand?
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3 Users gave Like to post:
TaoR (October 24th, 2016), Tintin (October 25th, 2016), Up2U (October 24th, 2016)
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