The tycoons and the regime

29 06 2020

In what looks like one of its regular paid adverts masquerading as news and called “PR story,” the Bangkok Post has an account of Chia Tai, a CP family company. It “reports” a recent “volunteering activity under its ‘Chia Tai Volunteer Project’ corporate social responsibility initiative whereby its staff join forces to make a difference in the community during the crisis.”

We guess this is yet another PR activity associated with Gen Prayuth Chan-ocha’s call to the country’s billionaires for support in responding to the enormous economic downturn associated with the virus crisis. CP has been doing pretty well during the crisis. So have others in the ranks of the giant conglomerates, so the PR seems like a political strategy.

This CP PR exercise involves the distribution of food boxes in communities surrounding Chia Tai Headquarters on Sukhumvit 60. Interestingly, it is said to be “supported by Phrakhanong District Office and Internal Security Operation Command (ISOC)…”.

As part of the embedding of the military in society, ISOC seems to be everywhere.

We can’t say for sure how far the mutual back-scratching between company, military and regime goes, but CP has done pretty darn well, soaking up state funds and helping itself. And there’s probably much more to come.

For example, the Bangkok Post recently reported that the “Industry Ministry is planning 1.9 billion baht in spending to help farmers and small and medium-sized enterprises (SMEs) as part of a 10-billion-baht pandemic relief proposal submitted to the National Economic and Social Development Council.”

Farmers, right? Well, not really. Industry Minister Suriya Juangroongruangkit said his ministry wants to “develop the whole agricultural industry from upstream to downstream production…”. The biggest beneficiary is likely to be CP’s Chearavanont family, one of the country’s largest landowners and long pushing for a more industrial-style agriculture.

The latter is being taken up by the regime in yet another virus crisis spend: “projects to cultivate sustainable growth include a 16.05-billion-baht project to develop five million rai covering 5,450 large-scale farms. The aim is to implement more machinery on large-sized farms to increase the value of production by about 11 billion baht a year.” And this is packaged among a bunch of state splurges said to be about promoting the dead king’s trite “New Theory”-cum-sufficiency economy, in the “agriculture sector which will cover a total of 240,000 rai.”

The mantra for sufficiency economy is as meaningless as it has ever been, but it polishes the royal family posterior and allows the regime to trumpet its “loyalty.” The importsant thing seems to be that the tycoons rub the regime’s tummy and the regime scratches the tycoons’ collective back. And, the taxpayer coughs up the loot.


Actions

Information

One response

7 01 2021
Protecting CP | Political Prisoners in Thailand

[…] PPT has posted several times on the relationship between Gen Prayuth Chan-ocha’s regime and the biggest, richest Sino-Thai tycoons (here, here, here, here, and here). […]

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.