Criticism of the philosophy
There have been effort by the military junta government to incorporate the King's 'Sufficiency Economy' (Localism) in national economic policy. Thai critics are generally careful to direct their comments towards the military junta government, rather than the King, out of fear of prosecuation for lèse majesté. Consequently, such criticism is often phrased as ineffective application rather than disagreement in principle. Nonetheless, common points of disagreement include:
1. The philosophy is not consistent with the reality of Thailand economic development, and
2. Nobody understands it and there are several vague interpretation
Investment and Loan
Investment.
Sufficiency Economy is designed to cover the weaknesses of capitalism (i.e. the philosophy cannot be used alone, but can complement capitalism.)
For example, the philosophy states that one must consider investment at low risk, that is, investment that possesses little possibility for over-finance. This idea is not new, being related to concepts in finance such as liquid ratio, acid ratio, debt-capitol ratio, etc.
Loan.
Further to the philosophy: one must save enough money before investing, must not invest such that one becomes deep in debt. Some believe this idea conflicts with the concepts ofeconomy of scale and economy of scope and the exploitation of future demand.