Libertarians in Thailand

Promoting Freedom in an Authoritarian nation

Thailand continue to cover for substandard industries by using protectionism

In the news we read that Thailand to remove alcohol, tobacco from FTA. Is anyone surprised?

Ignore their mentioned reason, as there is no limit on the amount of crappy Thai whisky being sold in the nation, as it is just a paper-reason.

The real reason is pure and simple: protectionism.

The government is taking cues from their friends in the oligopolistic internal market that fear quality products to market prices, as it undercuts their substandard products. Profit is threatened so they pick up the phone and call their friends in the government. Policy for sale. Corporatism in action.

And it is the population that suffers.

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August 3, 2010 - Posted by | Editorial | , , , , , ,

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