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Thailand's new prime minister has embraced populism amid controversy and tragedy.

Thailand's new prime minister has embraced populism amid controversy and tragedy.

governance was centered on a populist economic platform reminiscent of the style associated with former Prime Minister Thaksin Shinawatra, with whom Pheu Thai is closely associated. Srettha described Thailand's economy, hit by the COVID-19 pandemic and declining investor confidence, as a 'sick man' in need of healing. However, when looking at the details of his policies and statements, questions arise about whether this old-fashioned populist program will be sustainable in the long run.

S Srettha's collaboration with a political establishment backed by the military and the monarchy has caused distrust among many political observers. Pheu Thai, which is historically associated with the Shinawatra family, has always acted as''an opposition force to the establishment. The party's collaboration with forces it had opposed for years seemed a strategic move to seize power after the Conservatives refused to support an MFP-led government, but it also risked alienating a base and party supporters who expected a different approach.

The impact of this alliance on the MFP cannot be underestimated. By allying with the established order, Srettha effectively blocked a party that had gained considerable popularity, especially among young voters, and was able to win the most seats in parliament in the May 14 general election. The move raises questions about his commitment to democratic principles and willingness''to include diverse voices in Thailand's political landscape.

The focus of Srettha's emphasis on populism as a means of solving Thailand's economic problems also attracts attention, but questions arise about the content of his economic policies.

The populism practiced by Thaksin Shinawatra during his rule (2001-2006) consisted of policies that directly benefited the masses, such as subsidies, social programs, and other initiatives to benefit the poor. Thaksin's approach was successful in attracting rural and working class support and helped him build a strong political base, especially in the north and northeast of the country. However, it has also raised concerns about financial sustainability and the potential for corruption and''abuse of public funds.

S Srettha's approach to economic populism seems to follow a similar trajectory. He has promised to revitalize the economy by stimulating domestic consumption, supporting small and medium-sized businesses, and combating income inequality.

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While these policies may be popular with a large segment of Thailand's population, their long-term sustainability is unclear.

One concern is the fiscal impact of these populist measures. Thailand's economy was significantly affected by the COVID-19 pandemic, resulting in a significant budget deficit. Implementing expansive populist measures without a clear plan for revenue generation could exacerbate the country's fiscal problems in the long''perspective. In addition, there is a risk of an excessive government role in the economy, which could hinder private sector growth and innovation.

In addition, Srettha's populist economic approach may run into problems in addressing the root causes of Thailand's economic problems. For example, the decline in investor confidence is due to broader factors such as political stability, the rule of law and transparency. To truly revitalize the economy, a comprehensive approach that addresses these broader issues is needed. Another aspect to consider is the potential for short-term gains at the expense of long-term economic sustainability. Populist politicians often prioritize''immediate benefits for securing popular support, but they do not necessarily address the underlying structural problems that make sustained economic growth difficult. To succeed in the post-pandemic era, Thailand will need reforms that go beyond populism and address challenges in education, innovation and governance.

The tragic shooting incident at Siam Paragon this month, while not directly related to economic policy makers, has implications for Srettha's leadership and his ability to address pressing issues in Thai society. The incident underscored the need for effective security measures to control the proliferation of lethal weapons and social policies that address the roots of such''beyond populism, however popular it may be in the short term.

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