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“I repeat myself again and again on the subjects of trade, goods consumption, production,
and sale because I think that everyone is concerned with the crisis. All people ­ from the
have-not to the well-to-do ­ are in trouble. But if the situation can change back to
an economy that is self-sufficient ­ it does not have to be a hundred percent, or even
fifty percent, but perhaps only twenty-five percent ­ it will be bearable. The remedy will
take time; it will not be easy. Usually one is impatient because one suffers, but if it is done
from this moment on, the recovery is possible.......................................................”

“...................today I have spoken about ways to remedy the present situation, the present crisis.
As we are in the “globalization” era, we also have to conform to the world because, if we do not
comply with the existing agreements, they could be discontented. Why should they be unhappy?
It is because they themselves also have a crisis. As Thailand’s neighboring countries in this region
are also facing crisis, it will be more difficult for us to recover from our own crisis. Furthermore,
it is not only that the countries in this region are affected, even countries that still seem prosperous
will also become entangled. If the problems are not solved in any corner of the world, other parts
of the world will also be affected. We have to strive to support our people so that they have work
to do, and have an income. In this way, we will be able to surmount the crisis. But the original
policy of placing too much emphasis on the production of industrial goods will not succeed as the
local market has been reduced because the people now have a lower purchasing power.

“However, more importantly, the economist say that we must export to other countries,
but those countries also have their own difficulties and will not buy our products. If there are
industrial products and there are no buyers, the efforts will be of no avail. We may be able to
produce good quality goods, but many countries in this region have industries that are of top
quality too. This crisis originates from the fact that there has been an overproduction and no
purchasers because nobody has enough money to buy................................................

“A careful step backwards must be taken; a return to less sophisticated methods must be made
with less advance instruments. However, it is a step backwards in order to make further progress.
If no such action is taken, the crisis will be difficult to surmount.”