Bloomberg.com, 15 Apr 2009, William Pesek
April 15 (Bloomberg) -- It’s easy to dismiss protesters wreaking havoc in Thailand as misinformed anarchists.
They don’t understand the wonders of globalization, you may be thinking. If only they had more reverence for the splendor of capitalism. If only true democracy were able to work its magic in Asia’s eighth-biggest economy.
If only any of these assumptions got at the crux of Thailand’s crisis. The problem is the “Cult of GDP.” An obsession with high growth rates and failure to use them to narrow the gap between rich and poor are graphically playing out on Thailand’s streets. People are angry, and rightfully so.
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