Thailand Political Crisis Hurting the People, Economy

The worsening conflict is beginning to take a toll on the country’s economy, with Thailand’s currency falling to a fresh three-year low of 32.82 baht to the dollar in early trading Thursday. The Finance Ministry’s Fiscal Policy Office on Thursday lowered its economic growth forecast for 2014 to 4.0% from 5.1%, but warned that growth could fall as low as 3.0% if the turmoil continues.

Meanwhile protesters, led by ex-deputy Prime Minister Suthep Thaugsuban, have vowed to continue disrupting the election process and hound Yingluck Shinawatra from office until she quits or until she is “dead”.

Suthep and the main opposition Democrat Party want an unelected “people’s council” to rule before elections are called. They have resorted to hate speech and approving violence as a mean to get things done.

Also on Wednesday, Yingluck proposed the creation of an independent reform council to run alongside the elected government, an apparent attempt at compromise that was immediately rejected by the protesters.

Watch this video of Suthep’s mob attacking an innocent taxi driver. Then vandalised his vehicle after leaving him unconscious and bleeding on the road.

 

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