Skip to main content

Posts

Showing posts with the label thailand

Thai Class

Numbers don't lie and show the social disparity in Thailand.

80% of land in the country is in the hands of only 10% of land owners. Economist used an indicator called the Gini index to measure the disparity. In the range of 0 to 1, the closer the index is to 1, the greater the disparity. On land ownership, the national disparity is .941, meaning the country is mired in a deep, deep problem with land ownership inequity. The biggest land owner has more than 2.8 million rai, the study found. For individuals, the top 20% own an average of 62.5 rai, which is 729 times higher than the lowest 20% who own an average of less than one rai.

The richest 20% own more than half of the value of all household assets ( which include houses, lands, cars and cash worth about 18 trillion baht.)

Stocks and shares are owned by only a handful of powerful business families.

Thai politicians are big landlords themselves. According to their declared assets with the National Anti-Corruption Commission, the MP…