Partyforumseasia: In the case of Thaksin Shinawatra there has been little doubt that he made his billions with the help of political connections. And comparative research on party financing in Southeast Asia has shown that political entrepreneurship is one of the most lucrative business lines.1) The region, more or less independent of the political system, is full of “unusually rich” politicians. The Thai situation is being discussed in an article by Tan Hui Yee, Thailand correspondent of Singapore’s Straits Times (25.2.2014, p. A22). With a Gini coefficient of .484, higher than that of the US, Thailand is one of the most unequal societies in Asia. The regional imbalance has opened the flood gates for populist policies and the landslide victories of Thaksin’s political parties. According to Chulalongkorn University’s economy professor Pasuk Phongpaichit the minimal taxes on land are not being adjusted because most politicians are big land owners. As protest leader Suthep Thaungsuban, himself confronted by graft allegations, tries to hurt the business empire of the Shinawatra clan, it is evident for the Thai citizens that too many politicians are millionaires in a too conspicuous way, and there seems to be no difference between the competing parties. Frustration and cynicism are growing with the number of scandals, the duration of the stand-off and the negative impact on the economy.
Money politics is all too entrenched in Thailand and Southeast Asia to be eradicated by well-intentioned reforms. Only rich enough candidates can win an election, and few will sacrifice part of their assets to get elected. That simply means that millions invested into an election campaign have to be recouped one way or the other.
1) See: Sachsenröder, Wolfgang, Party Finances and Money Politics in Southeast Asia in the reference archive.