Thailand’s Political Chaos: What’s Next After PM’s Exit?

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Sep 1, 2025

Thailand’s political scene is in chaos after the PM’s removal. Will a new leader stabilize the nation, or is a coup looming? Click to uncover what’s next.

Financial market analysis from 01/09/2025. Market conditions may have changed since publication.

Have you ever watched a nation teeter on the edge of change, unsure whether it’s heading toward renewal or deeper chaos? Thailand’s latest political upheaval feels like just that—a moment where history could pivot in any direction. The recent removal of Prime Minister Paetongtarn Shinawatra has sent shockwaves through the country, leaving its people, economy, and global partners holding their breath. What happens when a powerful political dynasty falters, and the specter of military intervention looms? Let’s dive into the heart of Thailand’s crisis and explore what might come next.

Thailand’s Political Rollercoaster: A Nation in Flux

Thailand’s political landscape has long been a battleground of competing forces—populist movements, entrenched elites, and a judiciary with immense power. The dismissal of Paetongtarn Shinawatra by the Constitutional Court in August 2025 marks another chapter in this saga. Accused of ethical violations during a controversial phone call with a Cambodian leader, Paetongtarn became the latest casualty in a string of ousted prime ministers. Her removal isn’t just a political event; it’s a symptom of deeper tensions that have plagued Thailand for decades.

Why does this matter? For one, it’s not just about one leader. The Shinawatra family, a dominant force in Thai politics, has faced relentless opposition from the country’s royalist-military establishment. Paetongtarn’s exit, following her father Thaksin and aunt Yingluck, underscores a pattern: elected leaders are frequently toppled by unelected forces. This cycle raises questions about the state of democracy in Thailand and its implications for stability.


The Spark: A Leaked Call and Ethical Questions

The catalyst for Paetongtarn’s downfall was a leaked phone conversation with Cambodia’s former leader, Hun Sen. In it, she referred to him as “uncle” and appeared to criticize Thai military actions during a heated border dispute. The call, made public by Hun Sen himself, sparked outrage among conservatives who accused her of undermining national interests. To me, it feels like a classic case of political optics gone wrong—what was meant as diplomacy became a weapon in the hands of her opponents.

The court ruled that Paetongtarn’s actions demonstrated a lack of integrity, prioritizing personal ties over national duty.

– Legal analyst

The Constitutional Court, often seen as a tool of the establishment, voted 6-3 to remove her, citing a breach of ethical standards. This wasn’t just about one call—it was a signal. The judiciary’s role in Thai politics has long been contentious, with critics arguing it serves as a gatekeeper for the monarchy and military. Since 2008, five prime ministers, all tied to the Shinawatra family or their allies, have been ousted by court rulings. That’s not a coincidence; it’s a pattern.

A Dynasty Under Siege: The Shinawatra Legacy

The Shinawatra family has been a lightning rod in Thai politics for over two decades. Thaksin Shinawatra, Paetongtarn’s father, revolutionized Thai politics in the early 2000s with populist policies that won over rural voters. But his success came at a cost. The military ousted him in a 2006 coup, and his sister Yingluck met a similar fate in 2014. Now, Paetongtarn’s removal adds another bruise to the family’s legacy.

What makes the Shinawatras so polarizing? It’s their ability to rally the masses while threatening the entrenched power of Thailand’s elites. Their party, Pheu Thai, has consistently won elections, yet struggles to hold power. The family’s critics argue they prioritize personal gain, pointing to Thaksin’s alleged corruption. Supporters, however, see them as champions of the underdog, fighting against a system rigged by the military and monarchy.

  • Thaksin Shinawatra: Ousted in 2006 coup, accused of corruption.
  • Yingluck Shinawatra: Removed by court in 2014, followed by a coup.
  • Paetongtarn Shinawatra: Dismissed in 2025 for ethical violations.

This recurring drama begs the question: Can any populist leader survive Thailand’s political machine? I suspect the answer lies in the delicate balance between reform and tradition—a balance no one has yet mastered.


The Power Players: Who’s Shaping Thailand’s Future?

With Paetongtarn gone, Thailand’s parliament faces the daunting task of selecting a new prime minister. The constitution limits candidates to those nominated before the 2023 election, narrowing the field. Two names stand out: Chaikasem Nitisiri of Pheu Thai and Anutin Charnvirakul of the Bhumjaithai Party. Each represents a different path forward.

CandidatePartyStrengthsChallenges
Chaikasem NitisiriPheu ThaiStrong party base, Shinawatra allyFragile coalition, public distrust
Anutin CharnvirakulBhumjaithaiConservative support, Senate backingFewer seats, reform resistance

Nitisiri, a seasoned lawyer, could maintain Pheu Thai’s grip on power, but the party’s coalition is shaky after Bhumjaithai’s exit in June 2025. Anutin, meanwhile, has the backing of conservative forces, including the Senate, which is stacked with military appointees. The opposition People’s Party, successor to the progressive Move Forward Party, is also a wildcard, pushing for snap elections to capitalize on public frustration.

The People’s Party is playing a long game, betting on voter fatigue to secure a landslide in future elections.

– Political strategist

In my view, the People’s Party’s strategy is bold but risky. They’re banking on public discontent, but Thailand’s history shows that elections don’t always translate to power. The military and monarchy have a knack for pulling strings behind the scenes.

The Military Shadow: Could a Coup Be Next?

Thailand’s history is littered with military coups—13 since 1932, to be exact. The 2006 and 2014 takeovers toppled Shinawatra-led governments, and the current instability has some analysts whispering about another. If parliament fails to form a stable government, the military might see an opening to “restore order.”

Why does the military keep stepping in? It’s about control. The armed forces, alongside the monarchy, view themselves as guardians of Thailand’s stability. They often frame populist movements like Pheu Thai or the People’s Party as threats to national unity. A snap election could hand power to the progressive People’s Party, a scenario the military dreads.

  1. 2006 Coup: Ousted Thaksin Shinawatra after election victories.
  2. 2014 Coup: Removed Yingluck Shinawatra amid political gridlock.
  3. 2025 Risk: A weak coalition could trigger military intervention.

I can’t help but wonder: Is another coup inevitable, or could Thailand break this cycle? The military’s track record suggests they’re not afraid to act, but public sentiment is shifting. Young, reform-minded voters are growing louder, and they’re not keen on another junta.


Economic Ripples: A Nation on Edge

Political chaos doesn’t just shake up government offices; it rattles markets and livelihoods. Thailand’s economy is already struggling, with growth forecasts slashed to 1.8% for 2025, down from 2.9%. The SET index, Thailand’s stock market, has plummeted 11.7% this year, one of Asia’s worst performers. Add to that the threat of U.S. tariffs under the Trump administration, and you’ve got a recipe for economic unease.

Investors hate uncertainty, and Thailand’s delivering it in spades. Political instability could delay critical reforms, scare off foreign investment, and weaken consumer confidence. Some economists predict the central bank might cut rates to cushion the blow, but that’s a bandage on a deeper wound.

Political turmoil could derail Thailand’s economic recovery, especially with global trade pressures mounting.

– Economic analyst

From my perspective, Thailand’s economic challenges are as much about perception as reality. A stable government could restore confidence, but the current mess makes that feel like a distant dream. Rural voters, long the backbone of Pheu Thai’s support, are feeling the pinch most acutely.

The Global Stage: Thailand’s Crisis in Context

Thailand’s turmoil doesn’t exist in a vacuum. Its border dispute with Cambodia, which fueled Paetongtarn’s downfall, highlights the delicate balance of regional diplomacy. The leaked call with Hun Sen wasn’t just a domestic scandal—it strained ties with a neighbor and raised questions about Thailand’s foreign policy.

Globally, Thailand’s allies, like the United States, are watching closely. The U.S. State Department reaffirmed its commitment to the U.S.-Thai alliance, but political instability could complicate trade and security partnerships. Thailand’s role in ASEAN and its trade deal with the U.S. hang in the balance, especially with economic headwinds looming.

  • Border Tensions: Clashes with Cambodia highlight diplomatic fragility.
  • Trade Risks: U.S. tariffs could exacerbate economic woes.
  • Regional Role: Instability may weaken Thailand’s ASEAN influence.

It’s fascinating, if a bit unsettling, to see how domestic politics can ripple across borders. Thailand’s next moves will shape not just its future but its standing in Southeast Asia.


Can Thailand Break the Cycle?

Thailand stands at a crossroads. Will it spiral into another coup, or can it find a path to stability? The People’s Party is pushing for a referendum to amend the military-drafted 2017 Constitution, which empowers unelected institutions like the Constitutional Court. But change won’t come easily. The military and monarchy have deep roots, and they’re not keen on ceding power.

Personally, I’m cautiously optimistic. The rise of younger, reform-minded voters suggests a shift is brewing. But history warns us that change in Thailand is rarely linear. The next few months—whether they bring elections, a new coalition, or something more drastic—will be pivotal.

The Thai electorate is growing frustrated, but transforming that into lasting change requires overcoming entrenched powers.

– Political observer

What do you think? Can Thailand escape its cycle of instability, or are we watching the same story play out again? One thing’s certain: the world will be watching as this drama unfolds.


What’s Next for Thailand?

As parliament scrambles to pick a new prime minister, the stakes couldn’t be higher. A fragile coalition might limp along, but it risks collapsing under the weight of public discontent. Early elections in 2026 are a possibility, but they could deepen divisions if the military or courts intervene again. For now, Thailand’s future hinges on whether its leaders can prioritize stability over power plays.

In my experience, nations facing such turmoil need a spark—be it a unifying leader or a groundswell of public demand—to break free. Thailand has the potential, but it’s a question of whether its institutions will allow it. Until then, the cycle of chaos continues, leaving us all wondering what’s next.

Thailand’s Political Balance:
  50% Institutional Power (Military, Monarchy, Courts)
  30% Populist Movements
  20% Economic Pressures

Thailand’s story is far from over. Whether it’s a new prime minister, a snap election, or another dramatic twist, the coming months will shape the nation’s trajectory for years to come.

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— Peter Lynch
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