countries, who claim their nations represent public interest, globalism is becoming a tool in the fight between capitalist forces an
d national will. As a result, state power is eroded by capital, leading to alienation and political strains in some countries.
It is believed that some countries cannot bear the negative effects of globalization. The main reason for t
his is that capital is equipped with increasingly powerful characteristics that weaken nations’ capa
bility to control their capital and eliminates sovereign states’ ability to embody the will of the people.
The hit on state power by capital not only leads to financial chaos, triggering financial and economic crise
s, but can also generate social and political woes. Western countries’ easing financial regulations resulted in the 2008 financial c
risis. In recent years, developed countries are experiencing increasing economic and political challenges, which a
ctually are extensions of the 2008 financial crisis. Some of them are yet to be addressed.
Economic liberalization faces challenges in the developed and developing world.
is a region in transition. Since the beginning of the 21st century, thi
s region has come across political struggle between new capitalistic groups and old b
ureaucratic factions, as well as political turmoil as a result of the huge gap between the rich and poor.
Indonesia is also going to hold a presidential election in April. These upcoming electi
ons have sent a clear signal that Southeast Asian countries long for political stability and development.
The Thai election can give confidence to other countries in the region. After all, with very few exc
eptions, the junta can return power to the people through elections.
As for China-Thailand relations, historically, no matter which
government came to power after several coups, the direction of bilateral ties has never chang
ed. The cooperation between China and Thailand has become the common aspiration of the two peoples and is in their mutual interest.