Changing of the Garb: Interesting Article

[TotallyOz]

I enjoyed the read from the latest edition of The Economist.

 

http://www.economist.com/blogs/banyan/2014/10/thailands-political-future

[vinapu]

Great article but it looks is in electronic version only since I received my printed copy today and there's no such piece, possibly it'll appear  in next week's issue.

 

This fragment from the article is particularly chilling:

"The result is that 0.1% of Thais own half the nation’s assets, a concentration of wealth that makes America’s mind-bogglingly unequal wealth distribution (where 0.1% of citizens own 22%) look like a socialist dream come true".

 

Such  ratios are ones who given reason to rise for PolPot and the like monsters  and ensure that they were  popular in some sectors of population  despite all atrocities, mystery many of us  in the West seem not to understand.. 

[TotallyOz]

I also found that stat very interesting.  Being from the USA, we are constantly thinking about the 1 percent. But, this stats gives that an extra meaning!

 

It is hard to watch this from abroad and hope that the General does the right thing by the country but I don't like the idea of a Constitution that prohibits rule by popular vote.  To me, that is not democracy.

 

That said, remember the Bush/Gore election?  The Supreme Court appointed the President of the USA as opposed to majority so most systems tend to lean toward the rich getting what they want.

[Guest LoveThailand]

I hate to say it but Marx could have his laugh one of these days: wealth concentration may be the slow burner that will lead to some very unpleasamt social upheavals.