I found this comments on the definition of so-called 'Self-sufficient economy' in this link of wikipedia;
http://en.wikipedia.org/wiki/Localism_(Political_Philosophy).
I dont know who post this but I'm quite confident that this is the huge misunderstanding.
What should be the right definition of this philosophy, I am searching for it, what about your idea? Lets get this misunderstanding right soon.
... Localism as a Political Philosophy
The anomaly case in Thailand, for example, there has been the misunderstanding among Thai people that Localism is one of the economic schools of thought. What Thai people know as His Majesty the King's "Self-sufficient economy" is Localism. The public have been stormed with the monarchy propaganda to believe that Localism is the best economic school and must replace capitalism. [citation needed] Actually, it is just populism.[4] In reaction to the Prime Minister Thaksin Shinawatra pro-capitalism regime, the king Bhumibol Adulyadej proposes the idea of Localism to influence localism movements and public opinion to criticise against various proposed mega projects of the prime minister. The idea is also encompass the Buddhism principle and continuely illustrates the downsides of capitalism that make it popular among Thais. Even it is the big misunderstanding but scholars in Thailand are afraid of Lese majeste law and public pressure, which make them silent. [citation needed]....
1 comment:
First of all, congrats on building a new blog, except this time on economics =D...i think you will get many good comments from many viewers and hopefully we can all share our beliefs of what we believe sustainable economy to be.
Is there such a right definition to anything?! especially to the definition of such a debateable issue of sufficient economies...many people must have different ideas and i am actually quite interested in seeing what comments they will give you..but for me what i think is that the DEGREE for 'self-sufficent economy'may be different for different countries, depending on the countries that this applies to..a developed country's 'sufficient economy' may differ from that of a developing country, let say thailand...however balance is the key to everything...different indivuals have different balances (exactly the same for countries)..hope this comment will help in your thoughts and pursuit of sufficent economy...xxx
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