28.9 C
Bangkok
Thursday, May 9, 2024

‘No curb on inequality’: Experts say huge rich-poor divide will remain under new govt

Prime Minister Srettha Thavisin’s vow to curb generational poverty has failed to convince several experts, who point out that his government policies are mainly designed for short-term economic gains.

“If you examine the ruling Pheu Thai Party’s policies, you see that they are only aimed at stimulating the economy. Economic stimulus does not equate to ending poverty,” said Nitirat Sapsomboon, coordinator for the WeFair network.

WeFair advocates policies to curb social and economic inequality and enhance access to social welfare.

Pheu Thai’s mindset is dominated by capitalism and private business, Nitirat said. The ruling party seems to think that if it can grow the economy to create “a bigger cake”, everyone will benefit, he added.

“But if Pheu Thai continues on this path, it won’t be able to curb inequality. The government needs to understand that boosting…

Read more…

Latest Articles