Wealth haven

14 05 2020

The Bangkok Post reports that tone-deaf multi-billionaire Dhanin Chearavanont “urging the government to relax lockdown measures and welcome foreign travellers as soon as possible, and turn the country into a ‘safe haven’ for wealthy visitors.”

Now a member of Gen Prayuth Chan-ocha’s billionaire advisory group known as Team Thailand, and previously a shadowy figure of influence behind several royalist regimes (and, once, of Thaksin Shinawatra’s government), Dhanin is speaking up on the economy, fearing that the extended lockdown is killing the economy. He’s right, but his perspective is that of huge wealth and massive privilege.

He is reported to have stated:

“We can’t wait until a vaccine is developed and produced in sufficient quantity to roll out to the entire population,” Mr Dhanin said. “The economy won’t survive that long.”

He said the tourism sector accounted for 16-17% percent of GDP and should be revived due to improvements in the virus situation.

Mr Dhanin proposed the government attract high-spending tourists from across the world by highlighting Thailand’s success in containing the spread of Covid-19.

So his proposal is to wind up tourism but for the wealthy, like him. Presumably he would also be one of the first to get any vaccine if it is safe and when available.

His perspective is that the poor majority in Thailand are there to be exploited by him, his companies and his tycoon buddies. We can imagine a “haven” for wealthy tourists, built on a service sector of low wages, low skills and great profits for companies like his.

Dhanin, clipped from Forbes

In fact, Thailand is already a wealth haven for Dhanin and all the other billionaires and multi-millionaires. Their wealth is built on their capacity to exploit the wealth created by Thai workers, enforced by a (military) state that works in their interests. The bags of money his companies drag into to fling at royals is part of their insurance policy on maintaining a wealth haven.”

A tourism “safe haven” for the wealthy includes “five-star hotels and resorts; we also have five-star hospitals and the best doctors…”, most of them owned by fellow billionaires. He wants a safe haven to make even more money.” Dhanin adds: “If we can make rich people feel confident that staying in Thailand is safer than their own countries then they will come.”

Dhanin and his billionaire buddies will also feel safe, so long as they maintain the protective shell of the military, prevent the king from too self-inflicted backlashes and keep the military-backed regime dawdling along. Dhanin’s pitch seems designed to nudge the regime along. We are waiting for the response. Will Gen Prayuth want to be publicly seen as a billionaire’s puppet?

 


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16 05 2020
Profits up | Political Prisoners in Thailand

[…] Gen Prayuth Chan-ocha begged for help from Thailand’s billionaires. It is the same CP that had multi-billionaire Dhanin Chearavanont “urging the government to relax lockdown measures and welcome foreign […]

21 06 2020
Gorging on state funds | Political Prisoners in Thailand

[…] deals seem to be gathering pace under the virus crisis and rehabilitation plans. Recall how just a few weeks ago, the biggest of the business whales, multi-billionaire Dhanin Chearavanont was urging the regime to […]

5 07 2020
All hail the rich! | Political Prisoners in Thailand

[…] “plan to target high-spending foreigners to kick-start its travel sector,” as promoted by the CP tycoon, “has a green light after winning Cabinet approval and additional support from the nation’s […]

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