Policy
The Pheu Thai party’s victory in Thailand's July 3 elections could turn into a new crisis rather than being a step forward for Thailand’s fragile democracy. If the Pheu Thai were to implement all the outlandish election promises it has given — free computers to all schoolchildren, free wi-fi, higher rice prices for the farmers, generous pensions for the elderly, new super-fast trains, a substantial increase in the minimum wage and so on — it would ruin the country’s economy.