Financier George Soros Not Welcome in Thailand: Nationalists

January 29, 2001 - 0:0
BANGKOK Thailand will not be putting out the welcome mat for international financier George Soros when he fronts up here next week, say angry nationalists who accuse him of sabotaging Asian economies, AFP reported. "Our Foreign Ministry should bar entry to a man who has hurt 60 million Thais, and turned Thailand into one of the United States of America," said leading businessman and campaigner Amarin Khoman. "He is a pirate who robbed our country, and we should show him we do not want him here." He vowed to bring legal action against Soros for "destroying our economy and plunging millions of Thais into a miserable plight." Soros is blamed for helping set off the 1997 Asian economic crisis by mounting attacks on regional currencies including the Thai baht and the Malaysian ringgit. Recently he has admitted to flaws in his capitalist rationale, and is expected to expand on that theme when he attends a one-day conference here Wednesday sponsored by his open society institute. On Wednesday evening he is to address business leaders and journalists at a sellout gala dinner which an alliance of 10 protest groups including democracy campaigners and nationalists has promised to target. Amarin said Sunday that the protest alliance would not disclose details of the demonstrations. "We want to keep you all watching," he said. But Internet message boards are bristling with threats to pelt Soros with rotten fruit and cream pies. One entry offers a 1,000 baht ($24) for anyone who lands faeces on the visitor as he arrives at the elegant Oriental Hotel. "If he dares come to Thailand, we cannot ensure his safety. This guy is bad. He caused us real hardship. The world will be better off without him," says another message. Soros is arriving at a time when nationalism is running high in Thailand in the humiliating aftermath of the regional downturn. The populist Thai Rak Thai (Thai Love Thai) Party led by billionaire businessman Thaksin Shinawatra successfully captured that mood to secure a runaway victory in the January 6 national elections. The Thai press has given prominent coverage to Soros' visit, describing him as "the man who broke the baht" and brought the country to its knees. Another member of the protest alliance, civil liberty Chairman Veera Somkwamkid confirmed the group would attempt to take legal action against Soros for "damaging Thailand's sovereignty." "We will inform police and we hope they will take action when he sets foot in Thailand," he told reporters. Veera said legal action was one of several measures being readied that he hoped would make soros reconsider his decision to come to Thailand.