SINGAPORE -- One year after he was re-elected in a landslide, Thailand's Prime Minister Thaksin Shinawatra has been forced to dissolve the National Assembly and call a snap election. Although his Thai Rak Thai (TRT) party commands a 75 percent majority in the assembly, Thaksin is embattled.
He remains immensely popular with rural voters and the urban poor, who comprise more than 60 percent of Thailand's electorate, but he has been battling a fervent Bangkok-based insurrection against his rule by the intelligentsia and middle classes.
They accuse Thaksin, Thailand's wealthiest businessman, of corruption and treason for the tax-free sale of his family-owned Shin Corporation to the Singapore government's Temasek Holdings for $1.9 billion. Thaksin's rapid reversal of political fortune attests to the limits of the ballot box, as well as to democratic shortcomings that now beset a host of developing countries, including regional neighbors such as the Philippines.