Thailand's advancement will persist at a snail's pace if this country continues to be a childcare centre babysitting 65 million children.
From subsidies of rice, rubber and LPG to the numerous corporate tax breaks and favours. From big, bloated state agencies and protected monopolies, to barriers and protection against foreign and international competition. From the different populist policies and all the handouts, to the 38-million-strong workforce, of which only two million actually pay any income tax. From past to present, Thai governments are busy babysitters.
Subsidies are prudent and necessary at times. The 300-baht minimum wage is one. Certain industries may have to be protected as a matter of national security. As with any country, the agricultural industry is protected. Our food source is a matter of national security.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.