BANGKOK — After three consecutive years of deadly street protests, Thailand has arrived at the point where it will need to hold new elections, as the current term of its national assembly expires next December.

Indeed, Prime Minister Abhisit Vejjajiva has indicated that he will call for the dissolution of the lower house by the first week of May. This follows a parliamentary no-confidence motion, which his government barely survived. Accordingly, the stage is set for a general election at midyear.

In view of the political volatility of recent years, this semblance of stability and constitutional regularity is deceptive. Echoing popular movements elsewhere, Thailand remains locked in conflict and polarization between an entrenched regime propping up Abhisit and burgeoning new voices clamoring for enfranchisement. Any peaceful outcome to this conflict will require farsighted concessions and compromises.