Judgement Day – the aftermath and what is next ?
30 May 2007, the day when the tribunal court decided to rule out Democrat from all charges, and found Thai Rak Thai (Taksin’s party) guilty of all charges. It results in the Thai Rak Thai party disbanded and 111 key party members, Taksin included, banned from political activities for 5 years.
What does this mean to the future of Thai democratic and foreign investment?
As strange as it may sounds, I’d say this is officially the end of the turmoil era and the beginning of the new era.
It is how it should be ending, as most people from business and analyst sectors would agree.
To put it bluntly, many voices from major business sectors simply want a clear direction of how the nation is heading, one way or another and they could not care less.
I would not be surprised to see the SET index on the rise from tomorrow even.
From political sector, most political analysts, both from international and local, generally see that despite the really tense build up, the virtually peaceful ending signals the public feeling about the verdict.
That Thai people feel that the verdict is fair and the Tribunal court is doing what it is set to do, which is the to carry on the King’s wish to end the political mess in the most peaceful way possible.
Realistically speaking, despite the vow to fight and the claim that this is the ruling from the gun barrel, most Thai Rak Thai key members will probably leave the party in the “blink and you miss” fashion anyway.
As for Democrat party, it is expected that its leader Arpisit Wejchacheewa will be leading the new government come election, given the amount of the congratulation phone calls he received from the ex member of Thai Rak Thai party …
The Thai politicians are at their best when it comes to this old saying “No real friends or foe in politics”, I can assure you …