An average American online job will afford you the same lifestyle in Thailand (minus the vehicle's) as an average American business owner in America...
The average foreigner trying to do business alone in Thailand not understanding, it's all about personal connections and getting things at Thai prices is way more likely to go broke..
Work online, live minimalistic for a few years, do investments etc. Both abroad and in the us financial markets are probably ten times more likely to succeed...
it's simple, a 15% GDP advance should result in better overall living standards.. but it doesn't
DR is a free market based on the theory of trickle down economics
Thailand is a restricted market
Thailand have 50% more wealth in the 50% lowest part of the population.. is. Better opportunities, less poverty and more rights
So the numbers indicate DR should have an slight advance.. but reality it's the opposite for the 50% bottom of the population
So I'm saying I rather be the lowest 50% in Thailand compared to DR
The post is about free market or not in Thailand, I'm giving my real life experience... Free market in Thailand will create more poverty by cash flowing upwards and out the country too
Sure it will increase property value, but it's a short lived gain, that ends in favor of investors and banks.. on the expense of the local population
Free market creates inequality, specially with stronger market forces like china, Europe and USA in competition with local Thai's..
I think you really don't have a clue what you are talking about..
A GPD 15% higher in DR.. DR creates 15% more income per citizen this is a direct comparison because it's growth domestic production in percentage of population
DR is a free market
DR has a lower standard of living for the 50% bottom of the population.. inc. rights, opportunity etc.
That's exactly the problem!!
Just like America, the free market creates billionaires and poverty / homelessness
it's two different countries in different parts of the world, but from a development standpoint I think they are fairly comparable, likewise their their main sources of income agriculture, tourism etc. But DR don't have the ancient culture
The Thai law on foreigners not buying real estate, is brilliant both for Thai's and foreigners
I currently reside in Dominican republic, equal stage of development as Thailand.. average salary in Dr is 100$ lower per month
In DR it's free market
Foreigners are wraging havock on the real estate market and prices here.. it's way more expensive than Europe..
You need a bare minimum of 1500$ to live here per month, without car, telephone and in the cheapest accomodations, trying to budget your spending every day, no exceptions.. and only eat outside two times a month.
Apartments outside slum starts a 100k usd, and nice houses 500k usd up to millions
Rentals starts from 300$ per month for dated one rooms, unless you want to live too far from civilization.. something decent starts from 700$ plus utilities
The result of this free American market is
Thai bdp 7233$ per Capita per year
DR bdp 8603$
So Dr is 15% higher on GDP.
The buttom 50% of population income / wealth
DR 2500$ per year per Capita
Thai 3750$
So the buttom 50% of population in Dominican republic have 50% less income with free market!!!
DR have 30 in safety index
Thai have 62
So double the crime here in DR
Both food and housing is 5 x times more expensive compared to Thailand
It would be insane to ruin Thailand, for foreign investor sharks to do wealth transfer and increase inequality to unsustainable levels
Instead just pay the very affordable housing and 😁 while your cashflow goes to locals