That fear of upsetting the monarchy goes a long way to explain why so little has been written about the Crown Property Bureau. King Bhumibol Adulyadej’s golden robe shields the bureau from public criticism, allowing it to oversee a modern form of feudalism with little scrutiny.
More than any institution over the past hundred years, the CPB has shaped Bangkok and in recent years it has only picked up speed. Since recovering from huge debts incurred during the 1997 financial crisis, the CPB has aggressively sought to boost profits from its prime Bangkok land plots, often pushing out poorer shop owners and tenants that have lived on the land for generations.
The ceaseless development of huge malls, hotels and office buildings is rarely debated as the bureau avoids public criticism. When its officials do speak, they simply tout the king’s theory of a sufficiency economy, which preaches moderation, reasonableness and immunity. As the bureau has found, however, the best immunity from an economic downturn is to make sure its birthright properties are yielding large amounts of cash.
They also made some comparison between CPB and the ousted PM, Thaksin Shinawatra.
The Crown Property Bureau’s operations are important to scrutinize in light of the September 19 coup. It was argued that the coup was justified because Thaksin abused his powerful position to boost the financial gains of his many companies, intimidated the media into favorable reporting, and flaunted foreign ownership laws and tax loopholes in his family’s sale of Shin Corp.
These arguments certainly have merits, but they are dubious justifications for the palace-supported coup. The CPB is also guilty of what Thaksin is accused of. The bureau has used its powerful position for decades to acquire its massive landholdings, winning favorable business deals and paying no taxes. It intimidates the media by linking itself to the god-like Bhumibol, leaving newspapers afraid to touch it for fear of violating lese-majeste laws.
Frankly, I don't really have gut comment so much about this issue.
So anyone who interested the story can visit Asia Sentinel's website here.
They also have another article refer to the similar issue, "The Crown Property Bureau and How it Got That Way"
3 comments:
My family has been living on the King's land for thirty years. Yes, the king has raised the price and yes we are vacating the land. But to be fair to the king, for a long time, we lived at below market rates. And yes we can't afford the new rates and that is why we are moving. But do I still love the king. Yes.
What is it about the king that you love so much?
Yes undoubtedly, in some moments I can reveal that I agree with you, but you may be inasmuch as other options.
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