World Economic Forum rocked

April 25, 2025:An outstanding preacher of non-luxurious lifestyle not harmful to the world has been accused of massively-corrupted luxury.

The renowned World Economic Forum has launched an investigation into its founder, Klaus Schwab, after whistleblowers reportedly accused him of blatant life elegance acquired at least partly from company money or funds. Charges are shocking, allegedly including manipulating research, using company funds to pay for private massages, and asking junior staff to withdraw thousands of dollars on his behalf.

The allegations were reportedly sent only days ago in a letter to the WEF, which organises the annual gathering of economic leaders at Davos in Switzerland, a highly-prestigious event during which peace, love, fair economic practices not endangering the environment are often preached.

Schwab and his wife, Hilde, were accused of financial and ethical misconduct, which the family has strongly denied. Despite the denial, their reputations have taken a big hit.

“This is the same man who told you to eat bugs, ditch your car, and ‘own nothing and be happy’, while he lived like royalty—on money meant to save the world,” said a tweet “liked” by tens of thousands.

In the same thread on X, details of jaw-dropping charges were repeated. The 87-year-old man and his wife allegedly turned a $50 million WEF-owned villa into some kind of a private retreat, bought and renovated with donor money. “The structure was “sold” to the world as a “conference centre”, one tweet claimed.

The accusations apparently prompted Schwab’s resignation as the WEF executive chair a few days ago following an emergency board meeting, ending an era of a man who for decades had been the face of the Davos get-together.

The Davos conference often draws world economic leaders and best brains. Opinions voiced or agreements mapped out are often played up by western media. Journalists in other parts of the world also view the event as highly significant when global pulses are concerned.

Schwab’s downfall is bigger than the western media are saying, his critics claim. It’s a huge crack in the “fake” globalisation being used to manipulate much of the world, they say.

Bt500bn "solution" is so Pheu Thai

April 24, 2025: Everyone knows that if we throw Bt500bn at a problem, we can make the problem “less bad”. That’s why we need a government, which supposedly can think of a smarter way than that.

The Pheu Thai-led administration’s announcement about a special Bt500bn fund to “cushion” the economic impact of the Trump tariffs raised more questions than answers:

If the fund can be raised now, why couldn’t it be raised earlier, when everyone needed help and the Pheu Thai Party itself said the economy was so bad that the digital wallet agenda had to be implemented?

If the fund was so easy to raise, why all the legal, parliamentary and constitutional struggles to finance the digital wallet? Why couldn’t the Paetongtarn government think of a similar solution back then?

Yes, America is a huge market. But it’s also just one market. If it’s not worth it to export there any more, why not trying to locate new ones? Or why shouldn’t the Bangkok government gather the country’s best brains to figure out how to make the Thai economy more self-reliant and better prepared for something like this? Isn’t that what a good problem-solving government should do?

Thailand is an agricultural country, meaning that when push comes to shove nobody will starve to death. That’s the bottom line. Donald Trump’s tariff policy is wreaking havoc on Thailand because the Thai agriculture had been too much “monetized” or we did not cope with globalisation all that well.

Agriculture and globalisation need a delicate balance to work, and the fact that Thai government officials have to go to Washington begging for mercy shows we have done it the wrong way.

People's Party on immediate and long-term future

April 23, 2025: The Bhumjaithai Party can be a bit more at ease, at least for now.

If combined with Natthaphong Ruengpanyawut’s latest statement, the media photos of Anutin Charnvirakul and Phumtham Wechayachai walking hand in hand will go a long way when Bhumjaithai’s future in the Paetongtarn administration is concerned.

Politicians are often vague about the prospects of joining enemies in the government, but Natthaphong is a few notches better.

The leader of the People’s Party was not totally clear cut regarding a possible reunion with the Pheu Thai Party, but his comments about the long-term and immediate future of his camp were a good walk on the tightrope, so to speak.

No joining the Pheu Thai-led government until after the next election, he said. Even after the next election, a lot will have to be taken into accounts, primarily ideological agendas which have separated the two parties over the past two years.

In a telltale interview, held against an intriguing Bhumjaithai backdrop, he said the future of People’s Party MPs facing disqualifications will weigh heavily on the party’s course.

It’s the sort of comments that can lead to totally-opposite news headlines. Some will rule out a Pheu Thai reunion, while others will highlight the fact that the door is ajar. However, most will agree that a get-together within the life span of this Parliament is impossible.

“As of now, I can guarantee you that the People’s Party will never join or think about joining (the Paetongtarn coalition),” he said. But he said the party had “never got a chance” to talk with Pheu Thai about joining anyway.

When speaking in terms of “in the long run”, he appeared substantially less clear cut. “Now there is no talk whatsoever about us forming a government with anyone. I mean we are not talking with any other party. (Traditionally,) such a talk should take place just before an election. To feature in such a talk are political stances, ideologies and positions on each of state policies,” he said.

It’s a smart interview. But political observers can always note that you give that kind of interviews when you see that kind of pictures, or you pose for that kind of pictures when you hear that kind of interviews.

How should we feel?

April 22, 2025: Should we be worried or guardedly optimistic? The Criminal Court’s decision to jail two former prosecutors, one of them very senior, for their influential opinions regarding how fast the “Red Bull heir” was driving before he killed a policeman in a fatal 2012 road incident must have caused massive social ambivalence.

Here are reasons to be extremely anxious: One of the two is a former deputy attorney general, a bureaucratic position that was not a junior or even a middle-ranking one. He always insisted that his opinion was based on reliable evidence, and that he would make the same decision again if given a second chance.

To add to that, the incident took place in 2012 and the court only ruled today, about 13 years later, that Nate Naksuk’s refusal to charge Vorayuth Yoovidhya with reckless driving when the young man crashed his supercar into a motorcycle, killing a police officer, was not right. He will appeal, meaning what appeared a simple case in 2012 will still drag on.

One of the acquitted suspects is former national police chief Somyot Poompanmoung. On the one hand, not every country can take ex-police chiefs to court, let alone incumbent ones. On the other hand, a former national police chief taken to court in connection with alleged attempts to help a rich and well-connected suspect should never have happened.

Moreover, the Vorayuth case has many things in common with the present road incident which sparked the on-going social uproar. The current case is having many people worried that wealth, bureaucratic powers and political connections would come into play and twist the information in favour of the young man at the centre of the social storm at the moment.

There is only one reason for guarded optimism when the “Red Bull heir” case is concerned: The legal scrutiny of Nate, which could still go all the way to the Supreme Court, is better late than never.

It may take Boeing losses to sway Trump

April 21, 2025: Politicians can get around ordinary people’s plights, but it’s different when big corporations are concerned.

A Boeing jet intended for a Chinese airline reportedly landed back at the maker’s US production hub a few hours ago, a high-profile symbol of business victims of the tariff war between the United States and China.

According to The Guardian, quoting a Reuters witness, the 737 MAX, which was meant for China’s Xiamen Airlines, landed at Seattle’s Boeing Field at 6.11pm. It was painted with Xiamen livery.

Things will get a lot nastier. Last week it was reported that China had asked airlines in the country to pause purchases of aircraft-related equipment and parts from American companies like Boeing, The Guardian said, adding that China holds about 20% of the expected global demand for aircraft over the next two decades.

With incoming American goods big and small facing astronomical tariffs, a lot of orders will be cancelled.

Job losses have to do with man on the street, who, politically, only matters during election times. Big businesses, on the other hand, are always influential when it comes to political decisions.

This means that the sight of the 737 MAX returning to where it was not supposed to return to will make US President Donald Trump think really hard. The plane’s re-landing in America is a huge symbol of potential business catastrophe which could have his fingerprints all over.

(The AFP photo accompanying this update is that of Boeing 787-9 Dreamliner aircraft of Juneyao Air preparing to land at Shanghai Pudong International Airport in Shanghai on April 17.)

Can/Should EC do something?

April 20, 2025: The politically-powerful father of the BMW road-rage man has virtually refused to drop his son from a team of municipal candidates.

Should the young man voluntarily quit the local political race? Should his old man tell him to? Should the Election Commission do something? If the agency cannot do anything, can/should anybody else, at all?

From the EC’s own website, the commission has the duties and powers to “hold or arrange for the holding of an election of Members of the House of Representatives, a selection of Senators, an election of members of the local assembly and local administrators and a referendum.”

The agency also has the duties and powers to “temporarily suspend the right to stand for election of a candidate for an election or selection for a period of no more than one year where there is evidence to reasonably believe that such person has committed or has connived at the act committed by other persons which is dishonest or which causes the election or selection to not proceed in an honest or just manner.”

As we can see, there is an arguably grey area. The 28-year-old hotheaded man is seeking a seat on the Pathum Thani’s Thanyaburi municipal council in next month's local elections, together with other members of the family. He is facing allegations that have nothing to do with dishonest election campaigns but the Thai public are seriously questioning his “maturity”.

The EC has the responsibility to ensure that only "qualified" candidates run in elections. But "qualified" is a slippery word. Sometimes candidates are disqualified for questionable records, and sometimes others are allowed to run despite having worse backgrounds.

The man's family is rich and powerful, and has dominated Thanyaburi elections for years. Prime Minister Paetongtarn Shinawatra and her father Thaksin were guests of honor at the young man’s lavish pre-ordination ceremony. The chances of him getting elected next month were not much affected by the uproar outside Thanyaburi according to media polls and interviews.

Much will depend on the police. If he is charged with serious crimes, like intending to injure or even kill, before next month’s election, forcing him out would be easier. Minor charges like driving carelessly would subject him to fines and not warrant bigger punishment.

Even if he is charged with serious offences before the election, there will still be technical complications when the EC is concerned. His case, certainly, cannot be over before the voting, and there are rules and traditions preventing the EC from taking premature action because political rivalry always result in legal cases being cooked up.

Cascading social media comments are saying that if he was not aware of the safety of fellow road users, chances would be low that he would be concerned about the wellbeing of the people he is offering service to.

A TV poll showed an overwhelming 94 % of respondents (outside Thanyaburi, of course) wanting him to stay out of politics. One YouTube comment, however, sarcastically said that “looking mournful when getting caught” is the best quality of Thai politicians, therefore anyone who can do so deserves to go far.

Litmus test for all

April 19, 2025: What do the “Red Bull heir” case and the current road rage involving a “BMW man” have in common?

Almost everything.

Both incidents took place while the Shinawatras were in power. The former, however, transcended cutthroat politics and ideological divide to expose the painful truth that all politicians and bureaucracies may be the same after all.

Both incidents triggered social uproars when they happened. The former looked like the simplest hit and run case that probably involved intoxication.

Yet what could have ended in months lasted years, taunting Thai justice no matter who ruled in the process. The latter has just taken place, and, eerily like the former, has all the evidence needed for persecution or legal punishment.

Both incidents involved super-rich, well-connected suspects who many feared would eventually be let off the legal hook.

Both incidents drew “angry” responses from all the highest-ranking politicians and authorities initially. They said, in the most serious manners possible, that nobody would be spared regardless of “connections”.

The former incident proved that connections win regardless of ideology. As for the latter, let’s hear from one of the furious yet despairing comments on YouTube:

“Just wait until the Thai society looks the other way.”

Should People's Party join Trump meeting?

April 18, 2025:One way to tell America it’s wrong is do it in unison. That is why all of splintered camps in Thailand must bury the personal hatchets and, for once, show a unity in front of Washington.

One question has been mooted: Instead of the Paetongtarn government going exclusively to the White House, should it be accompanied by the highest members of the parliamentary opposition?

That would tell Donald Trump that what he has done hurts the whole of Thailand unequivocally, so much so that an ideologically divided country is airing bipartisan grievances.

It would also tell the US president that even if a major political shift happens in Thailand in the future, more specifically if the People’s Party leads a new government, the Thai stance on the US tariff policy would never change. The pain would remain and the campaign for collective progress or mutual development would be as intense.

It would also set an example for the rest of the world on how to negotiatewith America. There are countries that have been divided and ruled, but by showing that divide and rule is impossible when it comes to across-the-board job losses and industrial collapses, the White House may listen.

Now, it's Harvard et al

April 17, 2025: The US political divide is mirroring Thailand’s, and the only difference is how their leaders got powers.

The Trump administration’s reported problems with the Harvard University and the likes might increase the generational tension of the kind that has stunted Thailand and made it hard for any ruler to govern effectively.

Funding freezes or cuts to elite educational institutions as well as threats of possible such actions are worrying American educators across the board in America, much of which is also torn between the spiraling negative effects of “Trumpism” (political ideologies associated with the new US president) and the windfalls for China if the US ruling apparatus draws deep mistrust even among Americans themselves.

Said a CNN analysis: “Administration heat on top universities is part of a broader effort to challenge centers of what it regards as liberal power, which also include the courts, the federal bureaucracy and the media. After remaking the Republican Party and the Supreme Court, Trump hopes to extend his populist ideology to higher education as a way to challenge belief systems that conflict with his MAGA creed and to shift the country hard to the right.”

According to the same article: “And when Trump portrays the esteemed academics of Cambridge, Massachusetts, as far-left activists pushing “woke” policies on race and gender, he’s not working in a vacuum. Millions of Americans agree with him.”

To back that up, CNN said that polls have shown rising distrust of higher education institutions, especially among Republicans.

As US retreats into its shell, China pushes for globalisation

April 16, 2025: What is the world coming to? Washington is shutting itself out, becoming authoritarian even in American eyes, and Beijing is on a whirlwind promotion of economic cooperation.

It should have been the other way around, right? Democracy is globalization, full stop.

To put it straight, Donald Trump is using one democratic principle (Mandate has to be given to the election winner) to kill another democratic principle (All has to be given an equal chance to progress, because promoting unilateral development is what democracy’s rivals do).

To clarify that, Trump was democratically elected to fix America’s massive trade imbalance problems. That’s democracy. When the majority of American voters saw the urgent need to improve the national finances, they chose someone who they thought could make corrections. But when the application of his “mandate” threatens to undermine other countries’ progress, it stops being democracy on the global scale.

As Trump waits at the White House for high-profile foreign visitors to come begging, China’s Xi Jinping is touring the world promoting constructive co-existence. Xi is doing what democracy should do, although how he got the mandate was not quite democratic.

Which is more questionable _ the system that got Trump elected or the system that had Xi installed?

Some apology should have been private

April 15, 2025: Heartfelt messages that draw applauses from crowds sound good only at the end of rom-coms.

In real life, it’s nothing like that. You tell your girl you love her when only she can hear. You do it directly when telling your man you are sorry.

Big political or national mistakes may require a public demonstration of remorse, but that’s it.

And a lot of people must have understood the clear line between public and private expressions of regret, which explains the uproar that greeted popular actor-cum-singer Pakin “Tono” Khamwilaisak’s statement on a concert stage that appeared to be an intended apology to his girlfriend for news about alleged involvement with another woman.

Trump plays with high stakes, but so does everybody else

April 14, 2025: The “free world” does not want to shout “Go China, go!”. But people do what they have to do.

Call it a Donald Trump phenomenon. Much of the planet and anti-Trump America are wanting Beijing to prevail in its tariff showdown with his White House. But how can they do it without devaluing a system that installed him and has been demonising China?

An intriguing CNN article has stated that there was an urgent need to “de-escalate the clash he ignited with China before it inflicts deep damage on the US economy.”

CNN went on to elaborate. “The impasse is so serious because the US and Chinese economies are intricately entwined. The US relies on China for consumer electronics; rare earth minerals used in the manufacture of electric vehicles and for military applications and robotics; pharmaceuticals used in lifesaving medicines; and more basic staples of daily life, including clothing and shoes. US exports of produce like soybeans and sorghum to China are vital to the livelihoods of American farmers, but the tariffs imposed by both sides are so prohibitive that trade may effectively grind to a halt,” it said.

If journalists know that, there is no way well-informed and well-equipped politicians in power couldn’t possibly know. Yet here we are, in the middle of the biggest trade tension in decades.

CNN is vehemently anti-Trump, but it is also very vocal in anti-China rhetoric. This article, however, showed the network is leaning toward China on in the tariff showdown.

But like all anti-Trump movements in the “free world”, CNN appears ambivalent. Attacking him too much will play into China’s hands nicely. It can be one of the biggest and most embarrassing defeats of democracy. Rejecting Trump means rejecting democracy’s fundamentals in which elected ones are given the mandate to implement their agendas.

This explains the last part of the CNN article which seems to describe boldness, not stupidity. “Trump has the ball”, a subhead of the article declared, quoting a pro-Trump official.

Commerce Secretary Howard Lutnick was quoted as saying: “Donald Trump is the right person. … He knows how to play this game. He knows how to deal with President Xi Jinping. This is the right person for the right role, and I am confident this is going to work out with China.”

Concluded CNN: “Yet the mystique of Trump as a master dealmaker, which has been more central to the president’s political appeal than anything else, has never faced a tougher test.”

It’s a slap on the wrist. CNN used to be far harsher for far-lesser Trump controversies.

Mind you, it’s not just CNN. Advocates of America’s political system and the United States’ allies all over the globe are having the same mixed feelings. In other words, the stakes are high not just for Trump and Xi, but for their supporters, enemies and frenemies as well.

Water that strengthens, not dilutes

April 13, 2025: Traffic accidents and water throwing are not the most significant part of Songkran.

Thailand’s most-celebrated and globally-renowned festival is a showcase of Thai harmony and unbreakable linkage between rural people and those who left them to study, or work, or live in the cities.

It explains the empty Bangkok streets. It explains the absolutely-crowded terminals and congested highways. And do you know who are more excited than foreign visitors dressed in flowery and casual clothes with water-guns in their hands? The old rural folks who are about to see their loved ones coming from big towns, that is.

The returnees are in all walks of life. Apart from office or factory workers, pick out anyone among the movie stars, business hot shots, high-ranking bureaucrats, politicians or even media moguls and chances are that he or she has a strong rural root.

The reunion is the true face of Songkran. There are other attractive layers, some of which being promoted as Thailand’s “soft power”, but what drives April 13, 14 and 15 is the bond between cities and the countryside, a connection that has withstood the test of time.

Pirapan under conservative fire

April 12, 2025: A simple, textbook, statement is causing United Thai Nation leader Pirapan Salirathavibhaga a lot of problems.

This is that statement: "Whatever is not against the law, it has no problem with us.”

Firstly, what is legal is not necessarily good. Secondly, he was talking about the Entertainment Complex. These have combined to court a conservative hellfire for Pirapan, who is the energy minister and deputy prime minister.

According to Pirapan, adjustments made by the bill’s key sponsor, the Pheu Thai Party, makes the bill “acceptable.”

Hardline conservatives say that while Pirapan, as a coalition partner, could understandably be obliged to back the Entertainment Complex bill that could allow the setting up of a casino, he could have chosen to avoid making a public comment supporting it.

“Is this how you build a nation?” said one conservative post. It mocked the name of Pirapan’s party. Ruam Thai Sang Chart means bringing Thais together to “build the country”. The English name is United Thai Nation.

A pro-conservative news headline asked if Pirapan’s party wants to “build a country or build a gambling den”.

The hard-hitting article asked Pirapan to behave like other coalition partners, specifically the Bhumjaithai and Prachachart parties that have more or less questioned the Entertainment Complex idea. It also reminded him that he inherited a political party that staunchly supported Prayut Chan-o-cha as prime minister.

Her wish must have been wrongly granted

April 11, 2025: Rachel Zegler’s dream has more than come true. In a highly-contentious online statement, she said she hoped Donald Trump’s supporters would never know peace. Well, the controversial star of Snow White live-action remake is a dangerous wish-maker, because peace is now threatening to elude both Trump haters and Trump admirers alike.

Maybe as a famous actress, her intended publicity featuring Trump hatred is uncool. But a lot more people must have started to think she did have a point.

The 23-year-old star had posted a lengthy response to Trump’s landslide re-election. The best part, as everybody must have known, is this: “May Trump supporters and Trump voters and Trump himself never know peace.”

She ended it in extremely: “**** Donald Trump”

That was said to be a reason why Snow White has tanked at the Box Office, in America and globally. However, a lot of pro-Trump areas have registered higher Snow White grossing than pro-Democrat neighbourhoods, and even many “liberals” have frowned upon Snow White for trying to be so many things at the same time, badly confusing itself in the process and making good direction impossible.

The grossing disaster of Snow White has generated all kind of negativity concerning Zegler and Disney, with rumours continuing at this very moment about lawsuits and compensation demands.

Even Thailand has been drawn into the global uproar, with an online frenzy praising Thai actress Maylada Susri who gave the Thai dubbing of the heroine when Snow White was released in the country. Maylada was dressed as Snow White at the presentation ceremony marking the film’s release and people here and abroad said she looked more Snow White than Zegler herself.

Maylada may look more Snow White than Zegler, but she obviously can never know better when it comes to Trump. Who between the two ladies are better at making wishes is another matter.

Not wanting the casino? Look no further than the bill

April 10, 2025: Evidence that the Entertainment Complex bill is a big social risk is in the bill itself.

Following Prime Minister Paetongtarn Shinawatra’s instruction, Pheu Thai leaders especially those in the Cabinet are coming out in full force to defend the bill, which would include the setting up of a casino, but the more they say it, the more they admit that the Entertainment Complex project is risky socially.

Take what Defense Minister and Deputy Prime Minister Phumtham Wechayachai is saying as an example. He insists that a “measure” requiring every potential casino visitor to show he or she has at least Bt50 million in the bank account would shut out any poor Thai.

The bank account thing is in the bill, a clause that the government is proud of. Phumtham said he himself wouldn’t be able to enter the casino, let alone the Average Joe.

But he forgot to explain why the measure is necessary if casino is good for Thai society. If cigarette is good, why do they need to have measures to prevent kids from getting anywhere near it? If liquor is good, why do police arrest those who drink and drive?

The cigarette and liquor are bad, and that’s why they had to introduce the measures. If casino was a noble idea, measures would be unnecessary in the first place. And if casino is not a big risk, why Bt50 million? Why not just Bt1 million?

What did Pheu Thai say about the cannabis deregulation? What did it say when the Prayut government insisted that all the measures were in place to prevent abuse? Didn’t the party say all the measures would just encourage potential violators to work a little harder to get around them? Why did the Pheu Thai government reverse the cannabis deregulation despite all the insistence that loopholes could not be found?

The Bt50 million measure is the Pheu Thai-led coalition admitting that casino in the Entertainment Complex is a big social risk. A bill on extending the minimum compulsory and free education, for example, requires no measure. Introduce that kind of bills. It’s what a government should do.

Entertainment Complex postponement a little too late

April 9, 2025: There are two types of political re-prioritising: One is sincere and the other takes place under pressure.

The government’s decision to postpone parliamentary debate on the Entertainment Complex bill looks like the latter. US President Donald Trump is an unlikely “hero”, as the Bangkok coalition government finally accepts that his audacious tariff policy is a more urgent matter.

Trump’s agenda has added to Thailand’s grievances which were widespread following the March 28 earthquake.

It would have been gracious to postpone the Entertainment Complex immediately after the earthquake or Trump’s announcement. Instead, the administration waited until the outcry reached a feverish point and protesters took to the streets.

The Pheu Thai-led coalition has thus come across as a bunch of fearful politicians retreating because of an uproar, not a group of reasonable rulers who know what should be the order of the day.

Trump came to the rescue, but barely just. He gave the Thai government a good excuse to postpone the much-maligned Entertainment Complex. The postponement, however, is a little too late.

One big mess

April 7, 2025: When democracy dances with capitalism, this week’s stock crashes are always something waiting to happen.

Democracy can influence cross-border trades. That is unavoidable, or even understandable. But having democracy set up stock markets, let them borrow its principles (freedom and all) and attach their well-beings to how well the former is doing is a huge (if not impossible) stretch.

US President Donald Trump is being primarily blamed for the worldwide crashes of major stock markets this week, as his tariff policies are threatening major balance sheets all over the globe. To be fair to him, though, it was not him who advised that you should promote liberty by buying shares.

Capitalism needs stock markets, in order to differentiate itself from, say, communism. The founding concept is that everyone should have the freedom to invest, so that the state shall not take away everything. You should reap what you saw. That’s the idea, which unfortunately morphed into the apparent absurdity of linking stock markets with democracy.

It’s a good concept, at least when it was conjured up. When a rice farmer invested in a cow-farming company, it was something that probably should be done because it was well within a proper scope. But when that rice farmer started investing in an AI company, which specialised in things he or she knew nothing about, the concept stopped being good.

There was no way that the rice farmer would think “What if China came up with cheaper means to produce AI?”. The same goes for other amateurish stock traders. There was no way they could foresee a much-taunted Donald Trump winning a grand presidential mandate and then insanely raising import tariffs.

Here’s how it apparently goes in the world’s biggest mess: A lot of people in Village One use a lot of money to bet on Village Two being able to catch a lot of fish three years from now. In many cases, money is borrowed from Village Three to place the bets, and Village Three also loans a big sum to Village Two to finance its fishing operation. Village Four insures the debts. Village Five buy some of the "bad" debts. When the "bad" debts look really bad, Village Five sell them to Village Six, which is somehow convinced it could turn them into profits.

When an unexpected natural or man-made disaster hits Village Two, all hell breaks loose. By that, even pig farmers who otherwise have nothing to do with fish and Village Two are badly affected.

The above, simplified process explains all the burst stock “bubbles” and why their existence does not quite make sense. It was complicated enough without the insuring of loaned money and buying and selling of bad debts. When they added them to it, that’s how we got the “subprime” bubble pop in America some two decades ago which did not ruin just companies in the stock markets but also threatened to destroy the world economy.

When we take into account the unpredictability of a democratically-elected leader like Trump, stock markets can be like a bunch of blindfolded maniacs running around a minefield with wild abandon.

Even China, with all the “freedom” charges it faces, is not immune from the chaos.

Yes, some might argue that stock investment often comes with a warning that you invest at your own risks. But no warning is ever specific. Nobody has been warned that a pharmaceutical firm’s shares shall never be bought because some easy-to-find herbs may have the same effect as its miraculous drugs.

Before blaming Donald Trump for the scary stock plunges this week, blame the system that allows Capitalism to flirt with Democracy, and existed long before he was even born.

Paetongtarn censure came just days too early

April 7, 2025: If she had been grilled a bit later, the “father-daughter” issue would have been a much juicier subject and Thais would have been glued to TV.

So much for the prime minister’s claims that her government would listen to public opinions regarding the Entertainment Complex, and that Thaksin Shinawatra was just her beloved daddy who had no influences whatsoever in national administrative affairs.

Paetongtarn Shinawatra’s parliamentary censure has passed, and the old Thai saying that “Cha Cha Dai Pra Lem Gnarm” or “Slowly and you’ll get a beautiful knife” or “Patience is a virtue” never rings truer.

Make no mistake, the voting results would have been the same if the schedule had been changed. But we are talking about political impact here.

To be fair to the People’s Party, though, they couldn’t possibly have envisioned the Entertainment Complex bill being steamrolled right after Paetongtarn Shinawatra’s censure, the earthquake happening that should have been her government’s top priority, and Thaksin reportedly having the audacity to threaten coalition partners with expulsions if they do not vote for the bill.

There should be another chance for the opposition soon, however, because Thaksin is a gift that keeps on giving.

Democracy versus Democracy

April 6, 2025: Either what we're seeing is weird, or there is never a real democracy in the first place.

According to CNN, millions of people took part in protests against US President Donald Trump across America and around the world on Saturday, deeming his reign a “hostile takeover” and attack on American rights and freedoms.

CNN said over 1,400 “Hands Off!” mass protests have erupted in a country that just a few months ago had overwhelmingly elected Trump as the new president under a much-vaunted democratic system that gave hopes and aspirations to much of the world.

“So this is how liberty dies … with thunderous applause” is a famous Star Wars quote. It’s profound, but that is art imitating life, and life is a lot more dramatic in this case.

Are we witnessing an ultimate battle between two forces both calling themselves democracy, hence a strange phenomenon? Or are we seeing the burst of a bubble that its promoters often told us, wrongly if not deceptively, was solid and should be a good example for all?

In other words, is democracy real, or does it never exist in the first place?

In other words still, (and here's a question for both Trump haters and admirers), does democracy stop being democracy when it doesn't suit you?

Phumtham risks galvanising anti-casino movement

April 5, 2025:One political rule of thumb is that a government shall never devalue any street protest.

Defense Minister and Deputy Prime Minister Phumtham Wechayachai has violated that very rule, virtually calling people fighting against the Entertainment Complex idea a minority who are losing touch with reality.

That was gasoline, as a lot of hardline conservatives are saying, probably rightly.

It does not matter that he insists that Parliament should be the judge. He of all the people should realize that while any politician in power will say so, anybody else will beg to differ, and that if a protest is going to catch fire, whatever the government says does not mean anything.

Phumtham’s exact comment, which followed a recent anti-casino protest that was still relatively small: “Since we all agree to play by democratic rules, to have Parliament solve all problems, we must let Parliament handle this.

“It will never work if we are not going to take it when Parliament makes a decision that we don’t like.

“I have no problem with organizing street movements, which is the people’s right in a democracy. Just don’t call it the judgement of the country’s majority. Just don’t consider people gathering in front of Parliament as being the voice of the nation.”

That was not wrong. However, it’s interesting how Phumtham regards the red shirt protests that shut down the middle of Bangkok years ago. Did those protesters represent the voice of Thailand?

If Thai letter to Trump was uncensored

April 4, 2025: Think again if you want to cut anybody else loose. That is probably what is between the diplomatic lines of the Bangkok government’s response to US President Donald Trump’s jaw-dropping tariff increases.

The letter to Trump is extremely polite, featuring all the etiquette they use in global diplomacy. But as they say, diplomacy is the art of saying “Nice doggie” until you can find a rock.

The Thai official statement stated that Bangkok “understands” and really wants to sit down with Washington to discuss a softened measure that could benefit both sides.

Here is the key message: “The Thai Government wishes to affirm that Thailand has expressed its readiness to engage in dialogue with the United States at the earliest opportunity to achieve a fair trade balance that minimizes disruption to both economies. …

“Thailand reaffirms its commitment to being a reliable ally and economic partner, and will actively promote cooperation to jointly strengthen both countries’ agriculture and future-focused industries, helping to mitigate the impacts on both economies through constructive and timely dialogue.”

“Cooperation”, “commitment”, “constructive”, “strengthen”, “dialogue” and etc are in every diplomatic statement. The following is more layman, and is probably what Thailand wants to say:

“We have been nice to you and really want to remain so. Could you stop being a bully then so we can settle trade issues on equal footing?”

All Thai hearts beating as one

April 3, 2025: “Hang in there” is what everyone is saying, or wishing, or praying. It was after what sounded like a woman’s voice was heard from inside of the massive Chatuchak building wreckage.

Hope is hope, whether it is big or small, and no matter how many hours it has been since the building collapsed to its own footprint. The heavy machinery temporarily stopped humming, as everyone agreed that it was safer to work toward the source of the reported voice by hand. Everyone has been buoyed. More oxygen was rushed to the wreckage.

“Sister, please hang in there. Help is on the way,” a woman shouted into the debris. The voice, and then apparent knocks, reportedly came from at least three metres below. Between it and the rescuers are tons of concretes _ big slabs or ones broken into smaller pieces.

Reporters, like all Thais, are holding their breaths. “You may be hearing nothing because the heavy machines have temporarily stopped working,” one journalist at the scene said on a live broadcast. “But I can guarantee you. Everyone is working as fast as he or she possibly can.”

Earthquake and Entertainment Complex backlashes can converge

April 2: 2025:If the Paetongtarn government is seen as trying to steamroll the Entertainment Complex project at a time of great national sorrow, it could trigger a political uprising, analysts and activists have warned.

Sadness can turn into dissatisfaction and dissatisfaction can turn into widespread political anger that can only be vented on the Pheu Thai-led administration, it is warned.

The hardline conservatives who are always opposed to the Entertainment Complex idea, particularly one that would include a casino or legalized gambling, have asked prospective protesters to “get your shoes ready” because there could be a prolonged demonstration upcoming that might involve a lot of walking.

The opposition People’s Party, meanwhile, has shown it was against the Entertainment Complex plan, speaking out against the scheme during the recent censure debate. Although the conservatives and the People’s Party have always been like oil and water that should never blend, hasty progress of the controversial concept could do the unthinkable of temporarily uniting the two forces, it is said.

The possible mixing can be explosive for the Paetongtarn administration.

And the two camps can get strong support from the neutrals, who may feel that, with the current state of national grieving and various emergency issues to be looked at, like the plunging prices of condominium units, prioritising the Entertainment Complex is bad. In Parliament or anywhere else.

Simply put, the government cannot be seen as clearing the road for a quick implementation of the controversial project. If the administration does not want to be in the middle of a political upheaval, that is.

PM "wants swift probe" into building collapse

April 1, 2025:Construction or bidding questions related to the State Audit Office building which crumbled last Friday during a major earthquake centred in Myanmar will be at the heart of a government investigation, which the prime minister reportedly wants to be quick.

Reports quoting the government’s spokesman said Prime Minister Paetongtarn Shinawatra wanted the investigation to be wrapped up within one week. That is an unheard-of deadline when Thai probes into alleged government irregularities are concerned.

The spokesman, Jirayu Huangsap, quoted her as saying that Thailand “will find it hard to live” if no causes were established.

This seems consistent with an another reportquoting Justice Minister Tawee Sodsong, who said the Department of Special Investigation (DSI) would play a leading role in the bidding investigation.

The promise of a swift probe has come amid what looks like a revamp of government attitude toward earthquake-related policies, which understandably might not have been intense previously. According to Jirayu, there would be intensified long-term, short-term and emergency measures including what children need to learn and how serious they need to learn it.

Daily updates of local and global events by Tulsathit Taptim