Under Pheu Thai, skeptics ‘ opinions on tidy relations between politicians and companies are unlikely to change, according to platform speakers.
PUBLISHED: 5 Sep 2024 at 21: 34
A Bangkok community heard on Thursday that the Pheu Thai-led government’s financial policies favor large corporations over the general public’s.
According to a teacher from Thammasat University’s economics department, Thai institutions and large companies have long had near ties.
According to him, firms profit from their connections to powerful state figures to gain benefits. Monopolies are bad for the entire business, leading to low production performance and a lack of fresh goods, he added.
He noted that the government’s small and medium-sized enterprises are dying, and they cannot engage in terms of production capacity with other countries.
He suggested that the democratic system be altered to better serve the interests of the electorate.
Witoon Lianchamroon, leader of Biothai, stated to the audience that the nation’s system of government is incredibly centralized and closely linked to big businesses. Several board members of significant corporations spent the majority of their jobs in the government sector.
Despite some changes in government, conglomerates remain, and small business users are excluded from the business. The flow of cheap goods from China is worsening the difficulty, he added.
Mr Witoon also criticised the president’s drinking policy and its casino-entertainment difficult plan, saying these initiatives would mostly benefit large investors.
He claimed that unless the state ensures that the money is spent on smaller companies, it will end up in the coffers of big corporations in light of the digital wallet handbook designed to stimulate the market.
Employee representative from the Social Security Board Sattharam Thambuddee criticized social security board policies that do n’t make sense.
He claimed that while subsidies increased taxes on shareholders by over 200 billion ringgit, the return on investment was thought to be half that amount.
However, successive governments have lacked the political will to push for better security benefits for the government, he added.