Monday, September 25, 2006

My thoughts on the coup

After reading and updating myself amidst the busyness of preparing for the Monash Ball 2006 and attending it as well a friend's wedding, I discovered that most Thais are not disapproving the coup. The surprising thing that caught my attention was that the Thai monarch was also behind this event. With His Royal Highness's blessings, I believe most Thais who revered Him as a demigod would have blindly followed Him in approval of the coup taking place. More over, General Sonthi and other influencial persons are behind this coup. It is not coincidental that Gen. Sonthi as a Muslim is heading this coup. We all know that the South have been in a state of unrest over religious issues and so on and so forth.

Now it seems that the coup has brought peace to Thailand where previously (most recently) there were bombings by a certain group of irresponsible people. I still do not understand why they must resort to violence and when the Pope raised this fact, they raised their hands. Dumb! That aside, the coup as I would reemphasise my surprise is a success after all, at least for some quarters. Thaksin and his supporters are the ones who are at lost. Yesterday's news reported that he had already flown 2 Thai Airways airplanes loaded with his assets out of Thailand. He knew about this afterall. Not surprising.

Quoting a commentor...
"siamese coup is super common lar. thaksin survived for the first season without a coup but this second season, he is definitely not doing well. that smartie ass is now in new york!
neway trust me the economic aspect of thai will not be affected at all. i monitor the sea import and export, thus i know! hahahaa.."

To say that the coup had no impact on neighbouring economies is unfounded. If monitoring the sea import and export alone will help determine the bigger picture, then the Thai economy is minute. Yes, Siamese coup is super common but should it be that common to prove that the government is unable to seperate the powers of the army with politics? All this comes to show of their unability to distinguish the issue of the seperation of power. If you are a investor, would you invest in a country with super common coup or a country where their is autocratic rulling but stable and welcoming? I had earlier placed a hyperlink to show the effect of the coup on regional markets. I guess the share market will reflect a better and clearer picture of the economic state not import and export flows. Import and export will only stop in my opinion when the country runs into a state of emergency. But then again Brunei has been in that state since the Sultan's rulling.

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