Quote image editor Richard J. Coughlin

“Page 138: The second consequence [of measures to reduce Chinese economic dominance] is a development of closer ties with the élite members of Thai society. The larger Chinese business men, in order to protect their extensive interests from economic controls and eventually nationalization, have formed financial alliances with leading Thai politicians and military men, who are simply made directors of Chinese companies at a handsome remuneration. A person with substantial financial interests in a business is not likely to destroy it. By the end of 1952, it is estimated that ‘hundreds of government officials and other members of the Thai élite were either fully “cut in” on Chinese businesses or serving on the boards of Chinese firms in a “protective” capacity [and] a majority of the most influential Chinese leaders had formal business connections with government officials and other members of the new Thai élite’ (Skinner 1958:187). There is little evidence that these Thai were more than paper directors, and individuals kept their positions only so long as they remained politically powerful and thus useful to their Chinese friends, but on the higher levels both groups found good reasons to work together. This development stands in rather marked contrast to the apparent conflict of economic interests one finds at the lower economic levels.” — Richard J. Coughlin