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Oligarchical market control isn't healthy
Oped, Pavida Pananond, Published on 02/12/2022
ยป On the face of it, the government of Prime Minister Prayut Chan-o-cha seems to be saying the right things about sustainable and inclusive growth. The prime minister himself has been touting a Bio-Circular-Green (BCG) economic model for Thailand, pitching it as the overarching theme of the recently concluded Asia-Pacific Economic Cooperation leaders' meeting. Yet, the political economy hidden underneath Gen Prayut's lofty rhetoric is becoming more short-term and exclusive, allowing wealth to be concentrated in fewer hands, giving a handful of conglomerates oligarchical control over the market.
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