Commentary: Umesh Pandey
Over the past few weeks I have grown tired of reading daily speculation about how much the government’s flagship populist policy has cost the country.
Has it lost 160 billion, 260 billion, or even 700 billion baht from buying rice at inflated prices and storing it, and how much more will it lose once it sells that rice for a loss? All I know is that it was my money that was blown away, for heaven’s sake. Every month people like us work our butts off and end up with nearly a third of our salaries going to fund politicians who waste it.
Well, let’s leave personal feelings aside and look at what the minimum losses meant, in my view.
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