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Tuesday, May 7, 2024

What Pita can learn from economic-crisis management to weather the political storm 

Political and economic systems are vulnerable to corruption and abuse to favor a few influential persons at the expense of the public at large. The challenge is how to correct and manage it.

First breakthrough 

Almost a decade after the 2014 coup, the reins of power in Thailand are still held by a military general, as Gen Prayut Chan-o-cha, the coup leader, continues to head a caretaker government.

Fortunately for the country, the first breakthrough arrived when the great majority of voters rejected military-allied parties in the May 14 general election, giving Move Forward Party and Pheu Thai Party the majority of seats. In alliance with six other parties, the coalition has a combined 312 MPs, a clear majority of the 500 seats in the House of Representatives.

The result of the election came as a surprise to political observers, as the pro-reform Move Forward emerged the single…

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