Showing 1 - 6 of 6
Top brass, technocrats, politicos all same
Oped, Thitinan Pongsudhirak, Published on 12/06/2020
» When ostensible technocrats become ambitious politicians, supervised by army generals and beholden to patronage-driven elected politicians, the result is a power struggle, internal party turmoil, and a country being governed to nowhere. This is the current state of Thailand's ruling Palang Pracharath Party (PPRP), the head of a motley and fractious 19-member coalition of minor and micro parties, some represented by one single MP, propping up the government of former coup leader and current Prime Minister Prayut Chan-o-cha. Yet in the face of the opposition bloc that is weak because it has been weakened, after the third-largest winner the Future Forward Party from the last election was dissolved earlier this year, the PPRP is on course to be in office for the foreseeable future, as a new poll is not due for another three years. These dire dynamics suggest Thailand will continue to be rudderless, stuck in a quagmire of its own making, with headwinds that may lead to a reckoning tempest.
Central bank autonomy must be upheld
News, Thitinan Pongsudhirak, Published on 16/08/2019
» When elected governments make noises about economic growth in countries where macroeconomic management is sound and prudent, central bankers tend to quietly bristle and brush off such interference and infringement of monetary space at their own risk. In so doing, central bankers tend to enjoy the support of domestic and international market participants who value central bank independence more than politicians' vested interests, even if it sometimes undercuts their bottom lines. Accordingly, when central bankers go along with the preferences of elected politicians, the conduct of monetary policy comes into question.
Royal command sets a new balance
News, Thitinan Pongsudhirak, Published on 11/02/2019
» Thailand's political earthquake last Friday has caught observers at home and abroad off guard. Within half a day, Thai politics went through an unprecedented political roller coaster. It all ended with a press release from the royal palace at night, effectively reversing what had taken place in the morning.
Facing up to Thailand's role as Asean chair
News, Thitinan Pongsudhirak, Published on 09/11/2018
» As Thailand gears up to chair Asean next year, a sense of deja vu is setting in. The last time Thailand held its rotational turn at Asean's helm from July 2008 to December 2009, it was undermined by domestic street protests that ended up disrupting top-level meetings and abruptly sending Asia-Pacific leaders home prematurely. Owning up to what transpired, it has to be said that the Thai hosting of Asean-centred summits back then was an utter fiasco.
Political fallout from the Dhammakaya case
News, Thitinan Pongsudhirak, Published on 17/03/2017
» To the average bystander, the recent brouhaha over the Dhammakaya temple raises many questions with few answers and just about no clarity.
Thailand caught in indefinite transition trap
News, Thitinan Pongsudhirak, Published on 22/05/2015
» Milestones and anniversaries are for marking. But few should overdo the focus on Thailand one year after its 12th successful coup in 83 years under constitutional rule. The past year is merely a large blip on a long political continuum that dates back a decade or even a century in which Thai society has been grappling with the form and content of a political order that is being contested between the forces of tradition and modernity.