Red alert over : No Pro Thaksin demonstration Before Next Month
Bangkok residents were happy with the peaceful demonstration by proThaksin Shinawatra supporters over the weekend, an Abac poll recorded yesterday.
Continued here:
Red alert over
New Prime Minister Abhisit Vejjajiva’s government has responded to the crisis with vigorous fiscal pump priming
By the 1970s, landlessness had become a national problem. Massive peasant protests resulted in a land-reform programme, instituted by the civilian government installed following the 1973 uprising. In order to appease the big landowners, however, private lands were not touched by the programme; instead, forests and public lands that had been encroached upon or become deforested over the years were allocated for distribution to landless peasants—in effect taking them from the public and giving them to the poor. In the following decade the government, with World Bank support, initiated a land-ownership survey to promote investment and farming. However, given widespread corruption among local officials, what actually took place was a wholesale privatization of community lands for purposes such as building tourist resorts, hotels, golf courses and housing estates, or securing bank loans on the unlawfully acquired property to speculate on the stock market.
Pro Thaksin demonstrations to be continued Next month
It represents one of few times in recent years that fiscal and monetary policies have been complementarily calibrated. A grinding political conflict, pitting supporters and detractors of former Prime Minister Thaksin Shinawatra who was ousted in a 2006 military coup, has hobbled successive governments’ ability to devise and implement effective economic policies.
The debilitating conflict climaxed last November when military-linked anti-government protestors closed Bangkok’s two international airports for over a week, crippling the money-spinning tourism and air freight dependent export sectors. The Bank of Thailand has estimated the closure cost the Thai economy as much as 290 billion baht, with hotels estimated to have lost 140 billion baht due to cancellations.
Related Stories
Leave your response!