Thailand’s prime minister has said that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy.

Thailand’s prime minister said Monday that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy.

The government announced in April the widely criticized ambitious plan, named the Digital Wallet, meant to give 10,000 baht (about $275) to 50 million citizens in digital money to spend at local businesses.

However, economists have criticized the program, calling it an ineffective way to contribute to sustainable economic growth compared to other measures.

Thailand has in recent years suffered from a sluggish economy that appears to have deteriorated with no clear sign of growth. This month, the World Bank’s Thailand Economic Monitor projected GDP growth of 2.4% for the year 2024.

  • Evil_Shrubbery@lemm.eeEnglish
    2·
    4 months ago

    Hehe, I know what a house is, the issue I was bringing up was why is it an investment, if the person absolutely needs it (assuming it’s the house to live in).

    And no, that’s false analogy, not Bob the builder or Bob the manager, that’s just another employee payed the same as other workers - Bob the shareholder is the party benefiting here (capital as a production factor).

    Perhaps more illustrative: “Bob the me” who just clicks and buys an xtrackers or ishares etf funding hundreds of Bobs the worker (“CEO”) and demanding profit growth from them or we will find someone who will. All without me knowing anyone’s names.
    That’s why I ask why is her house an investment in the first place.

    Ah, the fabled disruption tactic - which doesn’t add value, but with sheer force of capital transforms the free market into a monopoly. Investors love that shit.
    Eg it’s not like Uber was a new idea that would ever be profitable, investors dumped insane amounts of money into a company hemorrhaging even more money all in the promise that at some point other market players (regular Taxi folk) will go bankrupt & Uber can start charging profitable prices. Which happened where local lawmakers didn’t block it (also because they basically funded themselves on not paying their “employees” any benefits). And now Uber costs more than the Taxies ever did.

    And no, 100 year light bulbs cannot be done, and that’s not due to lack of materials or knowhow.

    Just BTW, not an example or claim for the above, tho documents show companies decided to shorten lightbulb lifespans. \

    The Centennial Light is an incandescent light bulb, recognized as the oldest known continuously operating light bulb. It was first illuminated in 1901, and has only been turned off a few brief times since.

    And I also think that “voting with your money” isn’t democratic unless on a very small scale (“village”), because in a lot is things you simply don’t have a choice if you want a normal life.