Where does the wealth come from ?

by **leterry60614** » December 19, 2011, 12:19 am

At least we can rule out Facebook on that one. A market economy and a democracy-inspired government are the fundamental reasons as opposed to nearby countries such as Burma and Laos. It's a slow process because the fight against corruption is so painful. :mrgreen:

by TJ » December 20, 2011, 10:40 am

leterry60614 wrote:At least we can rule out Facebook on that one. A market economy and a democracy-inspired government are the fundamental reasons as opposed to nearby countries such as Burma and Laos. It's a slow process because the fight against corruption is so painful.

Having a bit of trouble reading your essay. Did you mean a free market economy vs. a market econmy? As you know many are said to be, yet none are anywhere close to being, a free market economy. Certainly not in the U.S.

What government was or is ever democracy-inspired? IMO goverments might be inspired by something, but not democracy. Once in IMO no government agent cares to jepardize his good, easy job with another democratic election. More likely they are inspired when they find they have been given the keys to the treasury and the guards are nowhere to be seen.

Is the fight against corruption painful or more likely unending, eternal, painfully slow, useless? I think the fighting corruption problem is not so much due to any pain, more from the futility of fighting. Some corruption fighters do get whacked now and then.

by **KHONDAHM** » December 21, 2011, 1:24 am

Gentlemen, c'mon...macroeconomics 101: ALL wealth is derived from LAND.

The land prices are soaring! In some areas from THB 5-10k per rai 15 years ago to THB 1M+ today. Whether sold outright or leveraged, the increase in local wealth has its roots in the soaring price of land and what is being done with it (development, farming, flipping, etc.).

by **old-timer** » December 21, 2011, 3:02 am

OT's pocket.

OT............... $\:D/$

Where does the wealth come from ?