Wednesday, April 05, 2006

Rain on Their Parade

Thaksin resigns, and our own oppo is sure to follow up with their "Why can't Gloria be like that?" chest-beatings all through today and perhaps through the entire week. But before they start expressing admiration for PM Shinawatra, and envy for the 'democratic' hordes in Bangkok, perhaps they should read first these two articles in Newsweek, to put things in proper perspective:

Why Thaksin Is Tanking by Ruchir Sharma
A 'Fragile Foundation' by George Wehrfritz and Joe Cochrane

I don't see what these could do but rain on their parade.

[More on comparisons between Arroyo and Shinawatra in my previous post, After the Fall.]