SET should not be a benchmark by which to gauge success
Play
Re: "Financial bubbles will inevitably burst", Overdrive, May 17.
Thanong Khanthong opined that in today’s world, a stock market’s performance seems to be a measure of success for policymakers. This is a cause for worry.
Thanong also said that in Thailand, our finance minister, who has spent a large part of his career in the Thai stock market, is also banking on the performance of the Stock Exchange of Thailand as a measurement of his own success. This is also disturbing.
Allow me to add my own concerns.
Given Thailand’s notoriety for political corruption, what if someone was given the finance post because he knew of some illegal stock dealings of a certain political boss in the past?
And if a big mistake has been made, the boss still couldn’t fire the person for fear he would spill the beans?
Then, who would eventually suffer – if not the country?
Vint Chavala
Lamphun
