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  1. #51
    សុខសប្បាយ
    EmperorTud's Avatar
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    Hmm, reading that nonsense above it is apparent why you don't know what the policy actually is!

    The sufficiency economy policy is localism.

    The philosophy has been made corporeal by Pridiyathorn Devakula, Minister of Finance, who proclaims he is the supporter of the King's self-sufficiency economy or Localism. The examples of his policies that follow the King's localism are: Limiting foreign companies investments that enormously reduce liquidity in Thai economy; regulation and investigation of foreigners' source of fund; and Capital controls that destroyed US$20 billion of market value in one day. As a consequence of capitol control and investigation over foreign investors, World Trade Organization (WTO) sent negative feedback to Thailand and doubts the ability of Thailand to continue to be the WTO member [3]. The prime minister Surayud Chulanont, who also proclaims the King's localism, has called for the former minister of commerce Somkid Jatusripitak, who are pro-capitalism, to the service of the country.

    Localism in Thailand - Wikipedia, the free encyclopedia
    Mortals you defy the Gods, I sentence you to travel among unknown stars, until you find the Kingdom of Hades, your bodies will stay as lifeless as stone.

  2. #52
    សុខសប្បាយ
    EmperorTud's Avatar
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    Another good article.

    Shinawatra's legacy, Thailand's new military-appointed government is indeed leading the country in a fundamentally different economic direction. Foreign investors and the market-fundamentalist Western media have roundly blasted Bangkok's recent decisions to impose capital controls, limit foreign ownership for certain service-sector investments, and broadly implement King Bhumibol Adulyadej's untested "sufficiency economy" concept.

    Thailand's new direction is partially a nationalistic reaction to that bitter experience, driven a decade later by traditional elites now represented in government. The prevailing confusion surrounding the sudden implementation of capital controls and anti-foreign amendments to the Foreign Business Act, followed by earnest assurances by senior officials that Thailand will continue to engage with the global economy, has purposefully obfuscated the government's inward-looking intentions.

    Asia Times Online :: Southeast Asia news - Thailand's new economic logic

  3. #53
    Thailand Expat
    good2bhappy's Avatar
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    But was that expressly stated by HRM himself? Or is that an interpretation?
    The question is based on your statements regarding your knowledge of HRM's mind.

  4. #54
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    good2bhappy's Avatar
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    Quote Originally Posted by EmperorTud
    I know his vision of localism for Thailand.
    Quote Originally Posted by EmperorTud
    He's clearly expressed his views and wishes on many an occasion.
    These are your own words.

  5. #55
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    good2bhappy's Avatar
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    it should read "many occasions"

  6. #56
    I am not in Jail AntRobertson's Avatar
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    Quote Originally Posted by good2bhappy View Post
    But was that expressly stated by HRM himself? Or is that an interpretation?
    The question is based on your statements regarding your knowledge of HRM's mind.
    That's the thing innit, this policy that he's linked directly to the King by virtue of his intimate knowledge. This is what he left off from his cut 'n pastes:

    There have been the efforts by military junta government to incorporate the King's 'Sufficiency Economy' (Localism) in the national economic policy. The criticism is directed towards the military junta government, i.e., to the practitioners not to the principle itself. The ineffective uses of the philosophy/principle are criticized as (a) The philosophy is not consistent with Thailand economic development, (b) nobody understands it and there are several unclear interpretations, (c) Other theories have historic academic ground
    And of the article:

    Note
    It should be noted here that the Asian Times's article "the King's 'Sufficiency Economy' (Localism)" is not the right quote and is led to be misunderstood. "Sufficiency Economy" calls for partial localism - a quarter - not the whole[citation needed]. In other words, "sufficiency economy" is meant to be "partial" localism. It is true that many parts of Thailand still enjoy capitalism. "Sufficiency Economy" calls on those to practice "some" localism particularly those in the rural areas.[citation needed] However, the oppositions see no different between "Sufficiency Economy" and "Self-sufficient economy", i.e., they are the same as Localism [5]. Kevin Hewison describes the self-sufficient political agenda in Thailand as Populist Localism.

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