Saturday, September 26, 2009
Abhisit Spinning on CNBC
Abhisit is very articulate and can spin with the best of them.
But I don't know why he has to lie.
Thailand is not an open economy or is it even remotely liberal.
It is a protectionist country. Nothing wrong with being protectionist but to tell the entire world you are an open economy when you prevent foreign ownership in most industries, prohibit foreigners from internal trading, prohibit foreigners access to Thai capital, and don't even allow foreigners to own common shares in companies or to own land is not very honest.