Thailand Is Gripped by Massive Inequality
Lurking behind the country’s sunny beaches is a disturbing reality: According to one recent analysis, the top 1 percent of Thailand’s population owns a staggering 67 percent of its wealth, OZY reports, making it the most unequal country in the world. Experts say the disparity is rooted in an export-fueled economic boom beginning in the 1990s that funneled the benefits straight to cities, leaving the rural poor to struggle.
What’s the government doing about it? Facing an election this month — the first since a 2014 coup — the ruling military junta was quick to dispute that statistic, while opposition groups say the problem is only getting worse.